BetaShares to launch three new ETFs to the ASX
The new ETFs will track international companies and offer exposure to blockchain and artificial intelligence technologies. Australian exchange traded funds (ETF) manager BetaShares has today announced its plans to launch three new ETFs on the ASX. The ETFs will track international markets and will provide exposure to new technologies such as blockchain and artificial intelligence (AI). The three new ETFs are BetaShares Asia Technology Tigers ETF (ASX:ASIA), BetaShares Global Blockchain Innovators ETF (ASX:BLOK) and BetaShares Global Robotics and Artificial Intelligence ETF (ASX:RBTZ). Unlike a listed investment company (LIC), which has fund managers actively picking stocks in an attempt to beat the market, ETFs simply mirror the performance of a particular […]
UK fintech ‘unicorn’ Ebury heads to Australia
British fintech firm Ebury has set up shop in Sydney, having identified the Australian market as a good foothold for southern hemisphere expansion.
Cointree and Gobbill partner to let Aussies pay their bills with cryptocurrency
Major telcos, utility providers and insurers may not have jumped on the cryptocurrency bandwagon, but thanks to two local fintech startups that no longer matters, with cryptocurrency owners now able to pay any bill in crypto. Cryptocurrency exchange Cointree and automated billing platform Gobbill will let Australians pay bills with cryptocurrency, regardless of whether the business itself accepts the digital currency. Gobbill acts as a go-between, taking the funds from its users and paying the bills on their behalf. Gobbill co-founder Shendon Ewans admits that he was late to the cryptocurrency party, only beginning to dabble in it early last year, but said that’s what made a partnership with Cointree […]
Australia buzzes again with 1st solar-powered bitcoin mining setup
The investment in the Australian FinTech sector has risen remarkably as the Australian FinTech ecosystem is becoming increasingly diverse. We already stated in our recent post that Fred Schebesta, the co-founder of one of Australia’s largest tech stories (Finder) has publicized their upcoming “multibillion-dollar” project plans to establish the “first crypto bank of Australia”. Now, the latest edition is that Australian Ben Tan, the co-founder of Hadouken Pty Ltd, intends to set up 1st 20-Megawatt Solar Farm in Collie which is geographically located in Western Australia to power a Bitcoin mining operation. Reports indicated that the submission has been approved and granted states authorities. The new facility is being developed by data […]
Raiz chooses Versive’s AI-powered cybersecurity solution to strengthen financial security and compliance
Versive, Inc., an award-winning AI-based cybersecurity company based in Seattle, U.S, today announced that Raiz Invest, a mobile first micro-investment platform based in Australia, is using the Versive Security Engine (VSE) to help protect sensitive customer data and comply with financial regulations. Raiz provides customers an easy way to regularly invest either small or large amounts in one of six portfolios of varying risk levels. The company has 164,000 active customers in Australia, and approximately $200 million in funds under management, growing at over 20 percent each quarter. As a fast-growing financial company, Raiz wanted to increase its level of security. The company already offers bank-level security to consumers through […]
ETFs could be the ticket to portfolio diversification
One of the major advantages of an exchange traded fund is the ability for investors to gain instant diversified exposure, writes State Street Global Advisors’ Meaghan Victor. With one trade, ETFs can provide investors with the easiest way to achieve instant access to a broad base of companies and stock markets across different industries and even countries. The hunt for diversification Without a doubt, diversification has been a driving force behind the massive adoption of ETFs both in Australia and abroad. In fact, it could be said that in the age of the ETF, well-informed investors are learning what institutional investors have known all along. Asset allocation, not security selecting, […]
Fintech start-up QPay gets $1M in funding from Angels and Sharks
Student marketplace and payments app, QPay, has secured a $1 million cash injection after funding from the Sydney Angels Sidecar Fund 2 was supplemented by a $380,000 combined investment by Steve Baxter and Naomi Simson in exchange for 8.4 per cent of the firm’s equity during last night’s episode of Shark Tank. Funds were also received from American Express, and from the Chairman of the Australian British FinTech Cyber Catalyst, Andrew Chick, to make up the total $1 million. The funds will primarily be used to extend the reach of QPay’s recently launched student-targeted MasterCard to the 4,000-plus students on its waiting list, as well as to build a sales […]
Finder co-founder Fred Schebesta plans to create Australia’s first crypto-bank
He became one of the country’s youngest self-made millionaires at the age of 26 — and now he’s revealed his next “multibillion-dollar” idea. The co-founder of one of Australia’s biggest tech success stories has revealed his next “multibillion-dollar” idea — to create the “first crypto bank of Australia”. Fred Schebesta, who became one of country’s youngest self-made millionaires at the age of 26 with the sale of his first business before founding comparison website finder.com.au, describes himself as a “time traveller” who looks into the future in order to make it a reality. His bet on the online comparison space paid off. From a simple credit card blog called Creditcardfinder.com.au, […]
