Thorney invests in Timelio fund for invoice financing
Thorney Investment Group has seeded the Timelio Capital Fund, a new unit trust to be offered to institutional investors seeking a diversified exposure to the emerging asset class of invoice financing. Thorney and Timelio, a Melbourne-based fintech that has built a peer-to-peer platform allowing small businesses to access funding based on the amount of money owed to them on unpaid invoices, expect the new fund to grow to $100 million over the short-to-medium term. Timelio has also raised $5 million in fresh equity, backed by Thorney and former ANZ Banking Group director John Dahlsen, a recent critic of the big banks. Timelio has facilitated $45 million in funding for small […]
Leading Australian Legal FinTech expert Claire Wivell Plater joins Ignition Wealth Advisory Board
Ignition Wealth CEO Mark Fordree has announced the appointment of Claire Wivell Plater to the Ignition Wealth Advisory Board. “Claire Wivell Plater is a leading Australian expert on compliance and regulatory issues and concerns. Claire’s knowledge, insight and innovative approach will assist Ignition Wealth as we ongoingly develop our digital advice solution. We believe working with industry leaders like Claire will allow us to maintain our position offering a best in class product.”. Mark Fordree, CEO, Ignition Wealth. Claire is a long standing member of the Business Advisory Committee to ASIC’s Licensing Division, and a member of the Federal Treasurer’s FinTech Advisory Group. She is an active supporter […]
AtlasTrend completes $2.8m capital raising
Australian based fintech and global equities fund manager, AtlasTrend, is pleased to advise that it has completed a capital raising of $2.8m to grow its online investment platform and progress its continued disruption of the trillion dollar traditional funds management sector. AtlasTrend provides retail and sophisticated investors with online access to proprietary investment insights and an easy way to invest in four exclusive global equities funds, with portfolios aligned to global investment megatrends focused on where the world is heading – Big Data, Online Shopping, Healthy Lifestyle, and Baby Boomers. AtlasTrend completed the capital raising through new and existing investors, with notable investors including some of the early backers of […]
Findex launches Family Office in Australia
Findex, Australia’s largest privately owned accountancy and financial advisory firm, today launched Family Office, an entirely new financial offering that gives individuals and businesses a single point of contact to build and maintain their wealth. For the first time, clients of Findex will gain access to their own office of financial and business advisory specialists for their personal and business affairs. Their adviser will act as a single point of contact and provide access an expanded suite of services under the one umbrella. These range from tax, wealth management, risk consulting, lending, insurance, self-managed superannuation, audit and assurance, management consulting to business advisory and more. The offering builds on the […]
Wilsons, Bell Potter in market for hot fintech Afterpay
Payments company Afterpay is seeking to raise $30 million in a placement through Bell Potter Securities and Wilsons on Monday. Afterpay shares went into a trading halt on Monday morning as its brokers started drumming up interest from potential backers. The brokers were seeking to raise $30 million at $2.40 a share. The offer was priced at a 5.9 per cent discount to the last close of $2.55. Afterpay is seeking the equity injection to fund growth, with the payments company experiencing a strong number of retail merchants seeking its online payments technology. Bids were due at 4pm on Monday, according to terms sent to fund managers. Afterpay has traded […]
Money for millennials: six popular investment options
Millennials have been locked out of the housing market, so are there other avenues of investment open to them? Certainly, the finance industry is working hard on creating products for younger people, but where to turn? The plan for young Aussies has always been: work hard, save your money, buy a house, start a family, then worry about the rest later. Now that the average 20 per cent deposit in Sydney and Melbourne sits at $156,000 and $115,200, respectively, part three (buy a home) in that classic four-point plan is changing. Claire Mackay, a director at Quantum Financial, says that whatever investment choice is made by a millennial investor, the […]
Can robots beat humans as financial advisers?
Jason Lim wants to save enough for a deposit on an apartment but was earning next to nothing by having his money with his bank. He wanted to get some advice on where to invest his money, but a traditional adviser was not for him. “I wanted to earn more than I could get with the bank but was not confident about the level of professionalism in financial advice,” Lim says. The 24-year-old from Melbourne opted for “robo-advice” instead. Robo-advice, or automated advice, is provided online as well as usually on smartphones and iPads. Investors answer a series of questions about themselves and, in response, they receive an investment recommendation. […]
H2Ocean pulls float, but commits to raising new private fund
The listing of what was set to be Australia’s first public venture capital company, H2Ocean, has been pulled, but the firm intends to proceed with raising a private fund. As revealed by Street Talk, the company – the brain child of H2 Ventures founders Ben and Toby Heap – was unable to raise enough capital. H2Ocean had been trying to raise between $27.5 million and $55 million to establish a portfolio of 15 to 50 fintech start-ups, but Ben Heap told The Australian Financial Review the firm had fallen just short of its target. Rather than persist with a lower amount, Mr Heap said it was better to withdraw the […]
