Bought Bitcoin? The Tax Office has you in its sights
Unless you are living under a rock, most of us have heard of the term cryptocurrency or, at the very least, Bitcoin. If you haven’t, cryptocurrency is generally used to describe a digital asset in which encryption techniques are used to regulate the generation of additional units and verify transactions on the blockchain. Not that most of us understand what that means. To most people, Bitcoin and other cryptocurrencies were discussed at dinner tables and over drinks across Australia because they were the new black when it came to surging assets. Suddenly, it wasn’t just Dungeons and Dragons players or underworld types who were dealing in cybercurrency, everyone wanted to […]
The Finnies. The Winners!
Congratulations to the 2018 Finnie Awards Finalists and Winners! FinTech Organisation of the Year WINNER: Afterpay FINALISTS: ● Afterpay ● Avoka ● BRICKX ● Class Limited ● Cover Genius ● Flamingo AI ● Invoice2Go ● MoneyPlace ● OnMarket ● Prospa ● RateSetter Australia ● SocietyOne ● Stockspot Emerging FinTech Organisation of the Year (company must be <2 years old) WINNER: Civic Ledger FINALISTS: ● Civic Ledger ● Finch ● InDebted ● LanternPay ● Link4 ● Longevity App ● Look Who’s Charging ● Medipass ● Till Payments ● TIQK ● TravelbyBit Outstanding FinTech Leader of the Year (can be from any field) WINNER: Katherine McConnell – Founder and CEO, Brighte FINALISTS: […]
Verrency boosts commercial offering signing ten strategic Fintech partners
Australian global payments provider Verrency has signed ten strategic FinTech partners in just six weeks as it continues to gain global traction. Founded in 2016, Verrency enables banks to cost-effectively deliver the latest value-added payment capabilities and curated FinTech services – via V+, their FinTech marketplace – to their customers without replacing or heavily modifying their existing payments infrastructure. As part of the recently signed partnership agreements, Verrency enables these signed partners to easily distribute their services to global financial institutions via Verrency’s API platform. Some of Verrency’s newly signed FinTech partners include: UK-based ComplyAdvantage, which provides real-time screening and monitoring technology powered by artificial intelligence to help companies comply […]
Moss junior fires up blockchain, crypto investment firm
It’s been a wild year for digital currencies but that hasn’t deterred Stephen Moss from setting up blockchain assets and investments firm, Decentralised Capital. Street Talk understands Moss, the son of former Macquarie Group stalwart Bill Moss, plans to offer over the counter trading and asset management services for high volume customers interested in digital assets and cryptocurrencies. Decentralised Capital has the backing of boutique financial services firm Aura Group, proprietary trading group Tibra Capital co-founder Kinsey Cotton and Vicknesh Pillay, founding partner at TNB Ventures Singapore. The new group is said to have already engaged with the corporate regulator, Australian Tax Office and has signed up with the Australian Transaction Reports and Analysis Centre (AUSTRAC). Prior to founding Decentralised […]
Brighte set to accelerate growth with $18.5m in funding
Sydney-based home energy fintech, Brighte, closes 18 months of strong growth with a Series B equity round of $18.5m. The round was led by Airtree Ventures and also includes Skip Capital, the Milgrom Family and further investment from Grok Ventures. Brighte is a digital credit platform offering affordable point-of-sale payment solutions for home energy improvements such as solar panels and batteries. In its first eighteen months it has over approved over $50m of applications from 6,000+ Australian homeowners. This stellar growth has been the result of a fully digital, innovative product being brought to the home improvements market as demand surges from everyday Australians for solutions to rising energy costs. […]
NSW fintech and cybersecurity businesses set sights on London
Minister for Trade and Industry Niall Blair today announced $15,000 in sponsorship to help five NSW fintech and cybersecurity businesses join a business mission to London from 2 to 5 July 2018. The five NSW companies form half of the Australian-British Chamber of Commerce’s (ABCC) ‘Fintech and Cyber Catalyst’ delegation to the United Kingdom, with the other five companies from other states. NSW currently exports over $5 billion in financial services and Information and Communication Technology. “The NSW Government are always looking for opportunities to support companies that want to take on the world,” Mr Blair said. “The announcement of the Australia-UK ‘Fintech Bridge’ has opened new doors for our […]
FinTech Australia announce finalist for The Finnies 2018
FinTech Australia and Jobs for NSW have come together for the second year to host the national fintech awards, The Finnies. The Finnies will culminate in a Gala Awards Night Wednesday 13 June 2018 in Sydney. For more information go here. Here is the full list of finalists for the 2018 Finnies: Best Workplace Diversity ● BRICKX ● FirstStep Investments ● Link4 ● Valiant Finance Emerging FinTech Leader of the Year ● Brad Delamare – CEO, Tank Stream Labs ● Louis Edwards – Head of Renewable Energy Finance, RateSetter Australia ● Nick Molnar – Co-Founder & CEO, Afterpay ● Jack O’Reilly – Director, funding.com.au ● Rebecca Schot-Guppy – Community Manager, […]
Open banking framework to drive customer choice and innovation across Australia
Australia’s fintech industry has welcomed an Australian Government decision to put the customer first by pushing back against big bank delaying tactics and introducing open banking reforms from mid-next year. “A government-backed open banking framework will be a game-changer for consumers and businesses, along with drive a new wave of fintech innovation and growth in Australia,” said FinTech Australia chair Stuart Stoyan. “Finally, customers will be able to use a regulated system to unlock the power of their own data to get access to financial services better tailored to their needs.” “This reform is expected to force downward pressure on lending costs, allow people to more easily manage their budget and […]
