Macquarie signs up for the OpenInvest platform
OpenInvest, the online marketplace and platform giving investors access to a diverse range of Australian and international investment managers, has added an important string to its bow with the decision by Macquarie Investment Management to join up and add its portfolios to the menu. OpenInvest, which was launched last November with SMSF trustees the primary target, gives investors a platform from which to choose from a range of highly credible and experienced investment managers. As well as Macquarie, other managers include Schroders, Shaw and Partners, SG Hiscock and JBWere. Co-founder and CEO of OpenInvest, Andrew Varlamos, welcomed Macquarie to the platform, saying: “The investment management industry has the expertise and […]
Just $82 will buy you a slice of this Perth house
A Perth house is going on sale, with investors able to buy a small bit of it for just $82. Australian fintech BrickX buys up investment properties and allows investors to purchase a slice of them by dividing it into small units called “Bricks”. While the idea, dubbed fractional real estate investment, is not new, Sydney-based BrickX took it to retail investors in 2015 at the height of Australia’s property boom when many ordinary folks were priced out of the market. The startup already has properties in Sydney, Melbourne, Ballarat and Adelaide — but this is the first time it has ventured into the Perth market. “It’s no secret that […]
How Blockchain crowdfunding could soon kill off the ICO
The words Blockchain and ICO might go together like sausage and mash but there’s a good reason, it generated nearly $8 billion in funds raised in 2018. Impressive but still only a tiny fraction of the global crowdfunding industry and already this year we’re seeing a sharp decline. Whereas in the traditional crowdfunding arena the odds are better, the industry is expected to hit $300 billion by 2025, with over $34 billion raised to date. Besides the staggering money raised, crowdfunding promotes product innovation, provides access to capital to founders, and leads to job creation. However, there are downsides in the industry. It is reported that nearly 78% of all crowdfunding campaigns fail to […]
Five Steps to Being a Confident and Smart Bitcoin Investor
The crypto-economy may seem like a dangerous place with little to no guarantees and many traps one can potentially fall into, but that’s actually not true at all. Everyone can choose what kind of investor they want to be and how much risk they’re willing to accept. In this article, we explain how you can become a confident and smart Bitcoin investor in just a few simple steps to give you an early start on your cryptocurrency journey. To read all about it, please click on the link below… Source: Digital Surge – Five Steps to Being a Confident and Smart Bitcoin Investor
What is micro-investing and is it worth exploring?
Back in the day, if you were looking to save up your spare change, you’d look to the ol’ faithful piggy bank. But, nowadays, as cash is slowly becoming obsolete, some are turning to micro-investing as the modern-day answer to the piggy bank. And with micro-investing apps, not only can you save up your chump change but you can invest it. How does micro-investing work? Micro-investing is about making small and irregular investments from everyday transactions. Micro-investing apps round-up your purchases to invest your spare change. For example, a large cappuccino at $4.50 will be rounded-up to $5 and the 50 cents would then be invested. Depending on how frequently […]
OpenSparkz completes second capital raising, attracts local and Asian investors
OpenSparkz, an Australian fintech which has developed a global platform that removes the need for loyalty cards, offer codes and coupons, today said its second capital raising has closed oversubscribed. The latest seed raising of AUD$1.5 million attracted new regional and local investors alongside further commitments from the founders and original backers. New investors include Louise Daley, the Singapore-based Deputy Chief Executive of Accor Hotels Asia Pacific. Ms Daley will join the OpenSparkz board, which currently includes Andrew Lo, the founder and CEO of Hong Kong-based EFT Payments. “I am excited to be taking up an investment opportunity in such a dynamic player. This is a rapidly evolving industry and […]
Is it time Australian investors bought into the fintech story?
By George Lucas, MD/CEO, Raiz Invest Tell Australian investors that a hole in the ground could prove to be the next El Dorado and they will fall over themselves to push a one-cent share into the stratosphere. But tell them about an exciting high-tech venture that is disrupting the market and you can hear the audible yawns. Raiz Invest’s former parent company, the privately-owned US company Acorns, recently raised $US105 million ($A145million) to continue to fund its operation. The Wall Street Journal reports this gives Acorns a $US860 million ($A1.186 billion) valuation. CNBC reports that Acorns US has more than 4.5 million sign-ups, 2.1 million investment accounts and circa $US1.2 […]
First Growth Funds to emerge as force in crypto and digital assets investment
Diversified investment company, First Growth Funds (ASX:FGF), generated $160,584 in new income in the December quarter, with over half of new revenue generated from fees. The make up of new revenue breaks down as $86,000 in fees, $26,000 in dividends and interest and the balance in trading revenue. The numbers are indicative of First Growth Funds’ steady growth, along with its strict fiscal policy and its cryptocurrency and digital asset investment strategy. FGF invests across a broad range of asset classes and industry verticals, and is the only ASX-listed company that invests in the crypto and digital assets sector. The company leads the field in Australia with regard to crypto […]
