Millennials, not baby boomers, are the future for digital wealth platforms
A new study examining consumer preferences has found that robo-advice and automated investment management services are overwhelmingly more popular with younger investors. Millennials, those currently in their 20s and mid-30s, are three times more likely to use automated investment services such as robo-advice compared to baby boomers, according to research by Crealogix. The study of 1,200 UK consumers commissioned by Crealogix, which provides digital banking solutions, found younger generational groups, in particular millennials, are substantially more open to automated financial advice and investment management when compared to more mature age groups. Just 23 per cent of baby boomers, those born between 1946 and 1964, are open to receiving a digital […]
Coca-Cola Amatil invests in Doshii’s future
Doshii is extremely pleased to announce that it has received the first investment made by Coca-Cola Amatil’s corporate venture programme, Amatil X which is a multimillion-dollar program set up to identify and invest in innovative growth opportunities outside of Amatil’s core beverages business. Chris Sullivan, Coca-Cola Amatil Group Director of Partners & Growth, said Amatil X’s minority share investment will support Doshii to grow and expedite their planned expansion into the Asia-Pacific region and South Africa. “Amatil X was launched in April to explore opportunities for growth outside of our core business and beyond innovation in beverages. This includes investing in companies like Doshii, which is using an innovative, scalable […]
Afterpay to raise equity for UK acquisition
Payments company Afterpay will launch a $110 million equity raising. It is understood the company has hired brokers Citi, Bell Potter and Wilsons to manage the offer. The deal is expected to be underwritten by Citi at a floor price of $15.75 a share, with the deal to be done via a placement. Funds raised would be used to buy a UK payments company ClearPay’s customers and footprint, which would launch Afterpay into the UK. It is understood Highbury Partnership advised Afterpay on the acquisition. To read more, please click on the link below… Source: Afterpay to raise equity for UK acquisition | afr.com
Financial business management platform PractiFI raises $3 million to establish North American headquarters and take on US
PractiFI, a revolutionary business growth management platform for forward-thinking financial advice firm announced a AUD$3 million investment led by Microequities Venture Capital Fund. The financing will be used to rapidly accelerate PractiFI’s global strategy, establishing a North American headquarters in Chicago, expanding the US customer success team and building a range of new product integrations with other financial apps and tools. Since winning its first US client earlier this year, the Sydney-based company has gone from strength to strength and this international investment marks a significant milestone in its exponential growth. Following the investment, Howard Leibman of Microequities and Equity Venture Partners will join the PractiFI board. Mr Leibman says, […]
Why this un-banked Kiwi crypto startup has relocated to Sydney
Kiwi cryptocurrency broker startup Cryptosaver has relocated from its Auckland birthplace to Sydney, with the founders claiming they have been unable to open a bank account for the business in New Zealand. Founded a year ago by James Viggiano, Denym Bird and Jack Daffron, Cryptosaver is an investment platform for Bitcoin and other cryptocurrencies, designed to make it easy for users to purchase cryptocurrency and track gains on their investments. Co-founder James Viggiano, who is now based in Sydney while his co-founders work out of Auckland, tells StartupSmart the startup was initially able to open an account with one of the New Zealand banks, but that bank soon closed their account. […]
Home grown BTC Markets exchange adds home grown Power Ledger
BTC Markets is one of Australia’s relatively few home grown cryptocurrency exchanges, and it’s now listed Power Ledger (POWR), one of Australia’s relatively few home grown cryptocurrencies, as its eighth token. “At BTC Markets, our mission is to support the growth of innovative Australian projects, connecting them to Australian investors who understand the transformative potential of blockchain technology,” said BTC Markets co-founder Jarrod Crane. Power Ledger saw early international success with its ICO being the largest in Australia at the time, bolstered largely by overseas investments. It’s also one of relatively few cryptocurrencies to appreciate beyond its ICO price and continue growing. It’s quickly pushing towards real world adoption, with […]
eToro adds IOTA cryptocurrency
IOTA is now the most technically distinctive cryptocurrency on eToro. IOTA is now available on eToro as the social trading platform’s 12th crypto-asset, so users are able to buy and sell it. IOTA has also been added to eToro’s Crypto CopyFund – a contract for difference (CFD) set-up which lets users diversify across a basket of cryptocurrencies, weighted by market cap, with one click. As a social trading platform, eToro also lets users set up systems to automatically copy each other’s trades across cryptocurrency, as well as forex, stocks and other instruments. The full range of cryptocurrencies now available includes bitcoin, Ethereum, Bitcoin Cash, XRP, Litecoin, Ethereum Classic, Dash, Stellar, […]
BetaShares to launch three new ETFs to the ASX
The new ETFs will track international companies and offer exposure to blockchain and artificial intelligence technologies. Australian exchange traded funds (ETF) manager BetaShares has today announced its plans to launch three new ETFs on the ASX. The ETFs will track international markets and will provide exposure to new technologies such as blockchain and artificial intelligence (AI). The three new ETFs are BetaShares Asia Technology Tigers ETF (ASX:ASIA), BetaShares Global Blockchain Innovators ETF (ASX:BLOK) and BetaShares Global Robotics and Artificial Intelligence ETF (ASX:RBTZ). Unlike a listed investment company (LIC), which has fund managers actively picking stocks in an attempt to beat the market, ETFs simply mirror the performance of a particular […]
