Why SpotJobs co-founder Lewis Romano has switched into fintech and is looking to raise $10 million for Credit Clear
An Aussie fintech company co-founded by Lewis Romano of SpotJobs fame has launched a $10 million Series A fundraising round to help expand the business overseas. Credit Clear was founded in 18 months ago by Romano and prominent property developer Mark Casey to act as an online, on-demand debt payment service for individuals and businesses. The company has not raised a seed round and to date has been largely funded initially by Casey. Romano co-founded SpotJobs — one of Australia’s largest job board websites — in 2012 with Jake Williams, before exiting the business in October last year. A switch into fintech from the recruitment industry might not seem intuitive […]
Sunshine Coast business promising easier bill payment
A Sunshine Coast business is promising to take their innovative bill payment platform to the next level with Queensland Government backing from the Advance Queensland Ignite Ideas Fund. Innovation Minister Leeanne Enoch said Noosa Heads business Promis Network’s automated bill payment platform had the potential to change the lives of business operators across Queensland, nationally and globally. “Promis Network have been working on the automated bill payment platform for over a year and have some customers already established on the Sunshine Coast. This Ignite Ideas funding will allow the business to take their amazing idea to new markets,” she said. Promis Network’s automated bill payment platform allows invoices to be […]
Bitcoin to consolidate at $US8000 a coin: Goldman Sachs
Technical analysis of the unorthodox Bitcoin market has led Goldman Sachs to believe the major cryptocurrency is set to consolidate at $US8000 ($10,500) a coin. After a month that saw Bitcoin soar beyond $US5000, $US6000 and then $US7000 a coin, technical analysts Sheba Jafari and Jack Abramowitz have warned traders against betting on a near-term boost past $US8000. Applying the Elliott wave theory, the analysts deduced the crypto-asset is likely to consolidate at this price for a time, as it marks “the third of five waves up”. “The market has shown evidence of an impulsive rally since breaking above 6044,” said Sheba Jafari, vice-president of the bank’s FICC Market Strats […]
Bitcoin surges to record high as controversial software ‘fork’ upgrade cancelled
Bitcoin jumped as much as 11 per cent to $US7,882 after the main architects behind an upgrade to its underlying technology known as Segwit2x, which would have caused the chain to split in what’s known as a hard fork, cancelled their controversial plans. Bitcoin experts cited a statement on the Linux Foundation website, signed by several high-profile bitcoin entrepreneurs and developers who had backed the plan, that said the “Segwit2x” upgrade would be scrapped for now as it could “divide the community”. The upgrade would have changed bitcoin’s rules in a so-called “fork”, effectively cloning the existing bitcoin to create another cryptocurrency. “Our goal has always been a smooth upgrade […]
Micro-investing app Acorns launches ‘Little Acorns’ feature
Acorns users can use the new feature to start saving and investing for their children. Popular micro-investing app Acorns has announced the launch of its Little Acorns feature, allowing users to start saving and investing for children under the age of 18. The new feature is a solution for Acorns users who want to start a savings fund for their child or grandchild, but don’t want to create a separate account to do this. Acorns has become increasingly popular since launching in 2016, particularly among Australian millennials who have embraced the app’s iconic round-up feature. The app allows you to round up your everyday purchases with the spare change invested […]
Australian FinTech SelfWealth IPO offering self directed investors alternative to traditional broker trading
SelfWealth Limited, an Australian FinTech business offering a flat fee brokerage service and social portfolio construction network for Australian investors, is pleased to announce the opening of its Initial Public Offering (IPO) to raise up to A$7.5 million (with a minimum subscription of A$5.0 million). SelfWealth is offering for issue 37.5 million shares priced at A$0.20 per new share; the indicative market captialisation of SelfWealth will be approximately A$26.1 million. The Company’s ASX ticker code will be SWF. SelfWealth was established in 2012, with a $A2.3 million capitalisation, by founder and Managing Director, Andrew Ward. Since launching, the Company has introduced two platform offerings: SelfWealth TRADING, a $9.50 commission free, […]
Debt payment start-up Credit Clear poaches OpenPay’s CEO Simon Scalzo ahead of raise
Fintech payments technology start-up Credit Clear has poached the CEO of one of its start-up rivals as it prepares to embark on a $10 million capital raising push. The company, which automates the debt collection process and facilitates customer communication over Facebook Messenger, SMS or email, has lured Simon Scalzo from “buy now pay later” platform OpenPay to lead the company. Credit Clear launched in July and has been predominantly funded to date by its chairman and co-founder Mark Casey, a property developer who made $14 million from the sale of a sheep farm near Geelong. Mr Casey started the business alongside SpotJobs co-founder Lewis Romano, saying it would make it easier for people to pay […]
Sharequity wants to lead equity crowdfunding in new direction
Australia’s newest equity crowdfunding platform, Sharequity, is planning to work with the corporate fundraising sector rather than compete with it as the first companies get ready to raise capital through the crowd in Australia. Founded by former GMP Securities Chief Operating Officer, Asia Pacific, Geoff Reilly and backed by leading crowdfunding figure Jack Quigley, Sharequity already has several companies ready to raise capital by traditional routes, and then through equity crowdfunding when it’s license is approved. Sharequity, which will also feature other complimentary products, has also already signed a partnership with share registry business Automic and expects to do deals with more corporate advisors, brokers and other traditional […]
