Moula ramps up for long-term growth
Australia’s leading data-driven lending platform for small businesses Moula, today announced the appointment of former Managing Director of Xero, Chris Ridd, to its board as it positions itself for significant growth. The announcement coincides with the release of findings from the Disruption Index, showing that the number of data-approved loan applicants has doubled over the past year. The Disruption Index is a Moula initiative designed to track the waves of disruption in Australia in the small business lending sector. Ridd’s appointment comes off the back of strong growth for Moula over the past twelve months, as Australian small businesses change the way they access loans. Business confidence among SMEs seeking […]
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A VC’s perspective on Blockchain opportunities & impacts on Australia
by Victor Jiang, Managing Partner, Sapien Ventures LLP. I was truly honoured to have presented to and judged alongside a distinguished panel (from ANZ, Westpac, UBS, & Northern Trust) and key industry leaders at the inaugural Australian Blockchain Summit 2016 (Melbourne June 28-30th, 2016), and to have a chance to speak about what we felt are the opportunities and impacts of Blockchain on Australia. (The speech was immediately before a pitch/showcase session of 6 excitingly disruptive blockchain startups from USA and Australia, including one dialling in from 3am in their local time!) __________________________________ I’m really excited and honoured to be here, speaking just ahead of some truly exciting startups in the blockchain space. […]
Blockchain: Distributed ledger technology still misunderstood
Blockchain may be the hottest technology trend in town, but business leaders run the risk of falling down a rabbit hole unless they are able to separate fact from fiction, according to Gartner’s research fellow Ray Valdes. While industry buzz around the bitcoin blockchain plus a dozen other competitive technologies has grown to deafening proportions, Mr Valdes warns that a dangerous cocktail of wishful thinking, mythmaking and misunderstanding can confuse the long-term transformative potential of the technology. “The thing about blockchain is that you will find businesses using the term in different ways in the same conversation,” Mr Valdes said. Mr Valdes also warns that the rampant interest in the […]
Class partners with peer-to-peer lender
Cloud SMSF administration software provider, Class, has collaborated with peer-to-peer lender, RateSetter, to provide self-managed superannuation fund (SMSF) accountants and their clients with a direct-connect date feed. This would allow for automated data entry and transactions processing within Class. Class chief executive, Kevin Bungard, said the increase in digitisation in the finance sector was appealing to all ages and would allow for a streamlined execution of necessary tasks. “Some industry commentators have previously suggested that peer-to-peer lending may be more attractive to Gen Ys,” he said. “RateSetter experience has shown that a significant percentage of SMSFs, which typically comprise older age groups, are very much on board with the concept […]
The 14 Australian fintech startups chosen for KPMG’s new accelerator program
KPMG Australia today launched mLabs, an accelerator to connect credit unions and mutual banks with some of Australia’s most promising fintech startups. The program follows the successful Energise accelerator run for the energy and natural resources sector last year. The program will initially be used by seven Australian mutual banks and credit unions: Beyond Bank, CUA, Greater Bank, Heritage, IMB Bank, Police Bank and Teachers Mutual Bank. The KPMG Mutuals Review 2015 found that mutuals are well placed to implement new technologies and ideas and to collaborate with fintech startups. “KPMG mLabs is designed to catalyse this process,” says James Mabbott, head of KPMG innovate. “It will be a platform […]
