SelfWealth, winners of Software Innovation at the Australian Business Awards second year running
SelfWealth Ltd has been recognised as an ABA100 Winner in The Australian Business Awards 2017 for Software Innovation. The Awards, now in their twelfth year, are an annual all-encompassing awards program which recognises organisations that demonstrate the core values of business innovation, product innovation, technological achievement and employee engagement via a set of comprehensive award categories. The award recognises SelfWealth’s achievements in the research and development of SelfWealth Premium and SelfWealth TRADING. SelfWealth is a community of investors partnering to achieve one common goal – greater returns. We allow members to crowd source investment information; by tracking the moves of top investors our members can make more informed investment decisions […]
Crowd-sourced equity funding to open up for DIY funds
DIY super funds and other investors will soon be able to invest in start-ups and small companies through “crowd-sourced” equity funding platforms. These are the minnow unlisted companies of which some, at least, if only they had access to capital, could go on to great things. From September 29, this year, crowd-sourced platforms will be able to apply for a licence that will enable small investors to invest up to $10,000 per company per year through the platforms. These platforms must perform some basic checks on companies and their directors, as well as on offer documents. Public unlisted companies that are limited by shares with less than $25 million in […]
Perth’s Power Ledger readies first Australia’s first Bitcoin IPO
Power Ledger, the Perth-based peer-to-peer energy trading company, is preparing to launch Australia’s first virtual currency IPO – an “initial coin offering” or ICO. The company, which is trialling community trading of solar energy over a custom private blockchain platform in Western Australia and New Zealand, aims to host a “token generation event” in early September. The amount they are seeking is uncapped and will be determined by demand for Power Ledger’s “POWRS” tokens. Chief executive Dave Martin said that, while they would be satisfied with $5 million, they could raise $10 million or $20 million if demand is strong. POWRs will be tradable on the Ethereum public blockchain platform […]
TruePillars secures $5m in Series A capital raise
TruePillars, the online marketplace lender allowing everyday Australians to fund loans to small businesses, today announced it has raised a total of $5 million in a Series A funding round. The funding round was led by a long-term Melbourne-based private investor, and includes both equity and commitments by shareholders to fund loans to Australian businesses on the TruePillars platform. Further commitments from additional investors are expected to be finalised by 30 September. The business will now commence a recruitment drive to more than double its number of employees over the next 12 months. “This investment will give us the means to further innovate and build on our service, including our […]
Blockchain solutions provider DigitalX seeks to slash costs via Minority Holder Sale
Through the minority holder sale, DigitalX hopes to cut the administrative costs associated with maintaining a large number of very small holdings. Australian Blockchain technology company DigitalX Ltd (ASX:DCC) is seeking to reduce costs stemming from maintaining a grand number of small shareholdings. In a filing with the ASX, the company has unveiled its plans to conduct a minority holder share sale of parcels of shares with a market value of less than $500. Let’s note that a “marketable parcel” is a parcel of shares with a market value of not less than $500. DigitalX notes that it “values all its shareholders, however it incurs significant administration costs maintaining such […]
Bitcoin hits new record, bitcoin cash fades
Experts say the rally in bitcoin still has a long way to go, after the cryptocurrency reached a new all-time high of $US3525 this week. The latest price surge has been driven by the rise and fall of bitcoin cash – a secondary cryptocurrency – and an update in the underlying bitcoin software, which paves the way for an evolution of the bitcoin blockchain. The update – called SegWit – is the product of months of internal debate within the cryptocurrency community around how to handle the rapid increase in transaction demands. A byproduct of this debate was the creation of bitcoin cash, another coin, duplicated from the original, that […]
Locked out of property market? Five better places for Millennials to put money
By Clayton Howes – CEO of MoneyMe Life sucks for an aspiring property owner right now. You probably already know that the average price of a house in Australia ($656,800) is several (eight) times that of the average full-time yearly income ($78,832). You’ve probably already heard that in the past five years alone, wages have grown significantly slower (13 per cent) than house prices (41 per cent), especially if that house is in Sydney (70 per cent). It’s enough to make you want to drown your sorrows in the most expensive smashed avo and latte combo available! But honestly – enough, already. If you’re as bored as I am of […]
Sydney fintech Stake is starting its $0 brokerage US share trading service
Sydney startup Stake will launch its $0 brokerage US share trading service within the next few days, giving ordinary Australians a low-cost opportunity to invest in brands like Amazon, Facebook and Tesla. The fintech first revealed in June its plans for the new service but the details hadn’t been settled at the time. Now founders Dan Silver and Matt Leibowitz have revealed to Business Insider that the only user fee would be 70 basis points on the foreign exchange rate when loading up and withdrawing from the US dollar trading account. Stake had also previously flagged intentions to introduce paid services on top of the basic product, but Leibowitz now […]
