Bitcoin enthusiasts see end to bear market
After a brutal bear market that’s stretched 16 long months, Bitcoin enthusiasts are ready to declare that the dreaded “crypto winter” is finally at an end.
SocietyOne targets $50M through launch of Personal Loans Unit Trust
Australia’s leading marketplace lender, SocietyOne, is targeting $50 million through the launch of a Personal Loans Unit Trust designed to increase simplicity, liquidity, diversification, and access for its wholesale investors. The Trust will provide investors with a consistent monthly income stream and enhanced liquidity, with an expected return of 6 per cent per annum. It will invest in a diversified portfolio of SocietyOne’s fixed rate unsecured personal loans, and includes a reserving mechanism that smooths earnings across the portfolio. “We believe this new Unit Trust model will help to significantly simplify the experience of investing in our portfolio of personal loans, and provide investors with greater access to this asset […]
Women-only ride-sharing startup Shebah bags $3 million in biggest-ever equity-crowdfunding raise
Australian women-only ride-sharing platform Shebah has broken the record for the most amount raised under Australia’s new equity-crowdfunding regime, pulling in a total of $3 million over its month-long campaign. Midway through March, the company cracked the $1 million mark for its crowdfunding campaign, and in the final minutes of the raise last night it pulled over the $3 million mark on crowdfunding platform Birchal, meaning the raise was fully subscribed. Speaking to StartupSmart, Shebah founder George McEncroe said while she is still a bit shocked, she felt “just stoked, delighted beyond words”. “I’m so relieved and amazed, and I feel really supported, and also a bit daunted. I’ve got […]
DomaCom secures $50 million property funding facility with La Trobe Financial
ASX-listed DomaCom Limited (ASX:DCL) has today announced that it has partnered with La Trobe Financial to provide property investors using DomaCom’s fractional property investment fund with a credit facility. An initial A$50 million facility has been provided by La Trobe Financial that will allow investors to acquire approximately A$100 million of leveraged property through the DomaCom Fund. The facility will provide up to 60% leverage for investors and Self-Managed Super Funds (SMSFs) at a competitive 5.99% pa. Enabling the use of lending when purchasing investment properties is a key addition to the DomaCom product offering, which places the Company in a strong position to almost triple its Funds Under Management […]
Next bitcoin halving is attractive for investors, says top asset manager
Now is the right time for investors to create their core strategic positions in bitcoin, says a top asset management firm. New York-based Grayscale Investments, backed by Barry Silbert’s Digital Currency Group, published an evaluative report detailing the historical correlation between bitcoin halving events and its price. The firm used those metrics to predict how the bitcoin price would react to the next halving event, which is going to take place on May 24 next year. In retrospective, miners contribute computational power to confirm blocks on the Bitcoin network and add them to its public blockchain. The system automatically rewards them with newly issued bitcoin tokens. This reward, according to […]
Super will help fund the next wave of unicorns
The country’s leading venture capitalists are tipping more direct investment will flow from superannuation firms such as Hostplus into start-up deals, as more $100 million-plus raises test the funding capacity of the VC firms. Last week cross-border payments start-up Airwallex became the latest Australian company to achieve the lauded $US1 billion valuation milestone, making it the quickest local start-up to achieve unicorn status. The valuation came on the back of a $US100 million raise ($141.3 million) for the fintech, which is less than four years old. The raising was led by US investor DST Global, with participation from Sequoia Capital China, Tencent, Hillhouse Capital, Gobi Partners, Horizons Ventures and Square Peg […]
Wisr $10 million placement heavily overbid, upscales to $15 million
Wisr Limited (ASX: WZR), Australia’s first neo-lender, announces it has received commitments to raise approximately $15 million after costs via a placement of approximately 220 million shares. The Placement was oversubscribed and completed with the support of new and existing institutional, sophisticated and professional investors.The issue price for the Placement is 6.8c per share, representing an 8% premium to the last traded price of the Company’s shares on 25 March 2019. The shares issued pursuant to the Placement will rank equally with existing ordinary shares of the Company.The Company will issue shares for the Placement in two tranches. Settlement of Tranche 1 of the capital raise, for 134,767,857 shares, is […]
Show me the Moula
Moula CEO Aris Allegos, tells the story behind the fintech’s multi-million dollar securitisation In early March, online business lender Moula secured an additional $250m in funding to lend to Australian businesses, which was raised through the latest round of a securitisation program launched in 2015. To enhance the impact of the funds on the business sector, Moula also adjusted its terms and conditions, extending repayments from 24 to 36 months and doubling the maximum loan amount to $500,000. In a move it says is “unprecedented” in the online lending space, pricing starts at 15.95%, with no establishment or direct debit fees and no early repayment penalties. So high is the […]
