More than $600 million in funding went into Australian startups last quarter, and fintech took the most cash
Startup tracking service Techboard has compiled its first national numbers on capital raised in the Australian startup community, finding $625 million had been raised for the quarter ending June. The amount includes equity, debt facilities, acquisitions and grants for more than 100 startups and “young” tech companies less than 10 years old (or had a significant “pivot” in the past decade). “We put together our funding reports based on the data collected in the course of running the monthly Techboard Ranking, supplemented with intel from Techboard’s many investor contacts across the country,” co-founder Rafael Kimberley Bowen said. NSW led the states for most money raised, although if fintech ZipMoney’s massive […]
CoinJar is the Aussie enterprise bringing Bitcoin into the everyday realm
Although Bitcoin is one of the most widespread Internet currencies, it can seem intangible compared to EFTPOS or cash. CoinJar is a Bitcoin platform based in Melbourne which offers users a seamless way to pay for anything with digital currency. Making use of an EFTPOS card means that CoinJar isn’t only for online purchases, but can give consumers more choice about their daily purchases. With the core intention of transforming the way money flows within and between communities, CoinJar is used by 70,000 customers worldwide. Techly spoke to Asher Tan, the co-founder and CEO of CoinJar, about what makes the Aussie Bitcoin biz tick. Explain what CoinJar does, and why […]
BRICKX busts into Balmain with bricks from $140
BRICKX is offering Bricks in a house in Balmain from $140 from this Thursday. CEO Anthony Millet expects BRICKX’s 13th property to be popular with investors looking for exposure to the sought-after residential real estate market in Sydney’s inner-west. “BRICKX strives to make property investment affordable and we’re thrilled to provide access to this architect-designed freestanding cottage in Balmain at an entry price of $140 per Brick,” Mr Millet said. CoreLogic figures show median house prices in Balmain have increased by 13 per cent per year over the five years to the end of April 2017. The three bedroom, one bathroom house on Clayton Street has […]
New fund Super Simplifier promises hybrid between traditional super and SMSF
Consumers using Super Simplifier can choose their own mix of investments from shares, hybrid securities, ETFs, listed investment companies and term deposits
CXi Software announce first client on their cloud based unit registry platform
New Australian fintech CXi Software Pty Limited (CXi) announce that Endeavour Securities (Australia) Limited (wholly owned by Linchpin Capital Group Limited) has gone live on its cloud-based unit registry platform CXi-Registry to facilitate full and simplified registry for Endeavour’s Investport Income Opportunity Fund. “We chose CXi-Registry as we needed an investor registry solution that was simple, intuitive and efficient, and a solution that will integrate into a range of other systems” said Paul Nielsen, Joint Managing Director of Linchpin Capital. Linchpin Capital is a Sydney based independent investment and capital advisory house operating across multiple asset classes, including; retail financial planning & wholesale investment advisory, Superannuation and funds […]
Ignition Wealth launches low cost high compliance SMSF appropriateness tool
CEO Mark Fordree today announced the launch of the Ignition Wealth SMSF Appropriateness tool, a software technology solution automating the administration of the SMSF appropriateness process. “This is a client-centric solution that ensures that investors considering establishing an SMSF are engaged, educated and empowered. It offers a low-cost easy to use solution.”. Mark Fordree, CEO, Ignition Wealth. Ignition Wealth sets the benchmark in Australia as a business to business digital financial advice solutions provider. This technology solution has been designed to allow advisers, accountants and financial enterprises to reduce the time and cost of the SMSF Appropriateness process. “Our clients are seeking smart technology solutions to drive […]
Crowdfunding to offer new equity opportunity
The concept of crowdfunding is nothing new to many micro and small businesses, and those operating in the startup sector, but the way it applies will change from September 29. From that date, unlisted public companies with annual turnover and gross assets up to $25 million will be able to issue shares to the general public. The process will be similar to companies issuing a prospectus to raise capital ahead of a listing on the ASX, but in a way designed to make life easier for smaller businesses. This is a big change from the crowdfunding campaigns run through organisations such as Kickstarter, Pozible and Gofundme. Many of these campaigns […]
Bitcoin falls below $US2000 amid fight between miners and developers
Bitcoin fell below $US2000 for the first time since May amid anxiety its dominant status is under threat. As enthusiasts consider adopting competing updates to the blockchain technology that underpins the exchange method by the end of July, it has raised the possibility of the cryptocurrency splitting in two. Bitcoin has lost about a third of its value since peaking at about $US3000 last month. Calls for a revamp of the software come as exchanges struggled to keep up with rising volumes while the price almost tripled this year. Bitcoin isn’t the only one struggling as the two competing camps — miners and developers — are facing off over how […]
