Apollo Capital becomes an advisor to Melbourne Mint’s digital currency project
Enhanced Society has announced that Apollo Capital’s Henrik Andersson has joined as an advisor to Australia’s pre-eminent precious metals retailer, Melbourne Mint, to support the development of MELD, a gold backed stable coin. Apollo Capital’s Henrik Andersson, who contributes 17 years experience in global financial markets, with almost a decade on Wall Street, joins the MELD project as an advisor. His expert knowledge in the field of tokenomics, cryptocurrency applications, and knack for identifying the long term viability of projects is an invaluable asset to MELD. With over 100 years of precious metals expertise, Melbourne Mint and their partners are leading the way with a product that digitises gold, making […]
Neo-lender raises $4m in capital
A neo-lender has raised more than $4million from shares, saying the investment acknowledges the transformation of the business. Wisr, which has also released its figures for the last financial year, provides personal loans and technology products to help borrowers. It will use the funds to take a more innovative approach on how loans are funded and to potentially increase margins. The capital will also assist in helping the company’s ongoing growth initiatives as part of its customer acquisition and retention strategy. Commenting on the capital raise, Anthony Nantes, chief executive officer, said, “We are delighted with the strong support we received from the capital raise. “This investment acknowledges the transformation […]
GetCapital appointed to PLAN Australia aggregator panel
GetCapital, Australia’s award-winning specialist lender to small and medium sized businesses (SMEs), has announced its appointment to the lending panel of leading aggregator PLAN Australia from 20 August. PLAN is one of Australia’s largest mortgage aggregation groups, with over 1,650 members and a total loan book value close to $70 billion. The aggregator’s commercial and asset finance volumes reached $990 million in the six months to March 2018. The partnership will see GetCapital’s innovative multi-product offering of business loans, equipment finance and trade finance become available on PLAN’s extensive broker network across Australia. “We welcome the opportunity to work with PLAN as part of our commitment to support the growth […]
GetCapital announces new partnership with FAST
Leading aggregator Finance & Systems Technology (FAST) has announced the appointment of specialist small business finance provider GetCapital to its lending panel. Founded in 2000, FAST is one of the largest and most established aggregators in Australia, supporting more than 1,300 brokers to arrange over $21 billion in residential and commercial lending for customers annually. Brendan Wright, CEO of FAST, said this latest appointment reinforced the aggregator’s commitment to continually supporting FAST brokers to meet their business clients’ needs. “This announcement is very much aligned with FAST’s strategy to support brokers to cater to SME clients. Business and commercial finance have long been hallmarks of FAST’s unique value proposition, with […]
Budget delivers $138m to fintech sector
The 2018 federal budget has set aside $138 million for open banking, digital identity programs, blockchain applications and the fintech sector. The government has unveiled its 2018-19 federal budget, which revealed plans to support an open banking framework; the acceleration of the GovPass program; exploring the use of blockchain for government; and the promotion of the industry. The government will pledge $44.6 million across four years from 2018-19 for the creation of a “national consumer data right”. The CDR will help “consumers and small to medium enterprises to access and transfer their data between service providers in designated sectors,” the budget papers said. Over four years, the $44.6 million – […]
Private Equity and Venture Capital technology investments key for investors
Chief Executive Officer of Crestone Wealth Management Michael Chisholm says investor access to the quickly growing technology sector is an important investment and social consideration in the current market cycle. Mr Chisholm said access to private equity or venture capital funds, which are uncorrelated to traditional asset classes, can help cushion portolios against any equity market downturn. Crestone recently invited a group of Australia’s leading venture capital (VC) investors to provide their views on technology. The panel included Paul Bassat, Co-Founder and Partner from Square Peg Capital, Daniel Petre, Co-Founder and Partner from AirTree Ventures, Niki Scevak, Managing Director and Founder from Blackbird Ventures, Emma Weston, Co-Founder and CEO from […]
Link4 fast tracks invoice delivery to win Fintech Business Start-Up of the Year
Link4 Australia has been named Fintech Business Start-Up of the Year for its cloud eInvoicing innovation, which has so far helped 1,000 Australian businesses improve their cash flow, with invoice payments being 22 days faster than the Australian average. The awards, presented by Fintech Business with principal partner Thomson Reuters, recognise outstanding innovation and entrepreneurship in the Australian financial technology sector. Link4’s cloud service reduces suppliers’ invoicing costs by up to 44 percent by delivering their invoices directly to their customers’ accounting systems. Cash flow is increased as invoices are paid faster – an average 9.6 days before the due date for those paying early. Customers send and receive invoices […]
Prospa first Australian fintech to deliver a half billion dollars of small business loans
Prospa, Australia’s number one online lender for small business, has announced the delivery of more than half a billion dollars into the economy, providing loans to over 12,000 small businesses across the country. Now in its sixth year, Prospa has scaled rapidly, today placing second in the Fast 100 for 2017 thanks a 239 per cent average revenue growth since 2013-14. The AFR’s Fast 100 ranks the fastest growing companies in Australia, and in previous years has included the likes of Atlassian, Lonely Planet, SEEK and WebJet. 2017 has been been a bumper year for Prospa, having secured over $50m in equity and debt funding. The firm announced […]
