Venture Capital

Sep
08

ANZ vows to take fight to fintech start-ups | The Australian

ANZ has hit back at suggestions that banks only innovate for short-term gains, declaring other industries should be worried about being put out of business by the banking sector. Meanwhile, Westpac chief Brian Hartzer said it was actually important for banks to not get too “mesmerised” by innovation and “inventing cool new stuff”, remembering that customers were at the heart of banking. Last week, Danny Gilligan, managing director of Reinventure Group, said banks and other financial services players would struggle to battle disruptive “fintech” start-ups because their pay packets and investment policies were short-term focused. Source: ANZ vows to take fight to fintech start-ups | The Australian

DETAIL
Sep
02

AMP invests in fintech start-ups Macrovue and MoneyBrilliant | afr.com

Here is yet another article on a well-established financial institution investing in some fantastic Australian FinTech companies like Macrovue and MoneyBrilliant. It seems the ‘sleepy giants’ of the Australian finance industry are starting to wake up and realise the importance and positive effect that Australian FinTech companies are having and going to have on the market. AMP has taken equity stakes in Macrovue and MoneyBrilliant, two fintech start-ups that the wealth giant believes will help it expand its offering to self-managed superannuation funds and win new clients for its network of financial advisers. The deals are the first by AMP New Ventures, a specialist unit quietly established last year, which […]

DETAIL
Jul
23

FinTech Investments Quadruple: Top Trends To Watch

Investments into FinTech startups recently quadrupled, growing from just over $3 billion in 2013 to over $12 billion in 2014. And consider alongside that another trend showing that crowdfunding will surpass VC in 2016 as a funding source–given that crowdfunding itself is a segment of the FinTech market. Source: FinTech Investments Quadruple: Top Trends To Watch

DETAIL
Jul
21

Australia can be the global start-up laboratory | The Australian

What if Australia was named the most ideal environment to create a global start-up? It sounds like an unlikely prospect but it’s not as unlikely as we would like to think. Examining the current appetite US venture capital funds have for the Australian market, there’s something unique at play in Australia, which makes it a great birthplace for start-ups. Source: Australia can be the global start-up laboratory | The Australian

DETAIL
Jul
14

Afterpay: Ron Brierley backing fintech start-up | The Australian

Legendary corporate raider Ron Brierley and a host of alumni from his former Guinness Peat Group have joined a group of wealthy investors in backing online commerce-tech start-up Afterpay to target the $100 billion market for online retail and e-services. Source: Afterpay: Ron Brierley backing fintech start-up | The Australian

DETAIL
May
25

H2 Ventures, born from AWI’s ashes, will fund 100 fintech firms

This is great news for start-up Australian FinTech companies looking for funding.   Venture capitalist brothers Ben and Toby Heap have established a new fintech-focused venture capital fund and accelerator, H2 Ventures, which is raising $10 million to invest in 100 fintech start-ups over the next three years. The establishment of H2 follows the demise of AWI Ventures, where Toby has been managing director, after its ASX-listed parent Australasian Wealth Investors, where Ben was chief executive, withdrew support for VC. The change of heart was spurred by a restructure after the company was stung by its investment in financial services business van Eyk, which collapsed amid a governance scandal. Source: […]

DETAIL
Apr
14

Fintech start-ups become hot property | The Courier-Mail

Hundreds of millions of dollars in funding await local financial technology start-ups as the largest banks, insurers and wealth management institutions jostle for pole position, in fear of missing out on the “next big thing”, experts say. “When companies look at tipping funds into fintech start-ups, talks of $50 million-plus are common as opposed to $1m-$2m,” said AWI Ventures accelerator manager Simran Gambhir. Source: Fintech start-ups become hot property | The Courier-Mail

DETAIL