Venture Capital

Apr
17

MYOB votes are in; shareholders hand keys to KKR

Almost four years to the day after re-listing on the ASX, and after an at-times remarkable takeover battle, the accounting software company is headed for a another stint in private equity hands. It is understood early votes and proxies received ahead of Wednesday afternoon's meeting are enough to ensure MYOB is headed into KKR's private [...]
By Reposted by Australian FinTech | FinTech . Investing . Venture Capital
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Apr
17

Aussie blockchain investor goes global

Australian digital assets investment firm TCM Global Asset Management (formerly Token Capital Management) is making its first international foray. TCM is chaired by former ANZ managing director of global markets, Steve Bellotti, and its chief executive is former JP Morgan managing director of Asia Pacific commodities trading, Jon Deane. The firm has acquired a controlling [...]
By Reposted by Australian FinTech | Blockchain . FinTech . Investing . Venture Capital
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Apr
10

London threatening San Francisco’s fintech unicorn dominance, research says

London could soon overtake San Francisco as the fintech (financial technology) unicorn capital of the world, according to a new study. Of the world’s 29 fintech unicorns – private companies valued at more than $1 billion – nine are based in San Francisco, while seven are headquartered in London, the research published Tuesday said. The […]

By Reposted by Australian FinTech | FinTech . Investing . Venture Capital
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Apr
01

Super will help fund the next wave of unicorns

The country’s leading venture capitalists are tipping more direct investment will flow from superannuation firms such as Hostplus into start-up deals, as more $100 million-plus raises test the funding capacity of the VC firms. Last week cross-border payments start-up Airwallex became the latest Australian company to achieve the lauded $US1 billion valuation milestone, making it the […]

By Reposted by Australian FinTech | FinTech . Investing . Venture Capital
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Mar
26

Australian fintech Airwallex confirmed as latest fintech unicorn following Series C fundraising

Airwallex confirms unicorn status following a successful Series C fundraising round of $100m USD, valuing the company at over $1bn USD. Founded in Melbourne in 2015, Australian fintech Airwallex has grown from an emerging start-up to a global challenger in the crossborder payment space, supporting a client base of internet titans including JD.com, Tencent and […]

By Australian FinTech | Currency . FinTech . Investing . Payments . Venture Capital
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Mar
19

What’ll Waddle do with $4m injection?

Small business lender fintech start-up Waddle will step up its efforts to crack overseas markets and take a larger share of the big four bank’s local market share after closing a $4 million series A funding round. The funds, sourced from tech venture capital firm Allectus Capital, will be used to grow the fintech’s footprint […]

By Reposted by Australian FinTech | Borrowing . FinTech . Investing . Lending . Venture Capital
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Feb
26

Fintech gold rush tipped as KPMG finds Australian investment hit $842m in 2018

Big four professional services firm KPMG has tipped even more funding will come for Australian fintech players in the wake of new open banking rules and the banking royal commission, despite a huge rise in deals taking spending to $US600 million ($842 million) in 2018. In new local figures derived from its biannual global Pulse […]

By Reposted by Australian FinTech | FinTech . Investing . Venture Capital
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Feb
20

Techboard data shows the startling growth of the Australian fintech sector

US-based data company CB Insights recently reported that VC investment in Australian Fintech had grown from $67m in 2017 to $343 million in 2018. While this does show massive growth in funding for Australia’s fintech sector, data from Australian Startup Data Company Techboard indicates that this represents a significant understatement of the sector’s growth. Techboard […]

By Reposted by Australian FinTech | FinTech . Investing . Venture Capital
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