Search Result: max id

SendGold platform brings real assets to digital currency

SendGold, a Sydney based fintech company with an asset-based peer-to-peer digital money platform, has launched an equity crowdfunding campaign to raise $2 million. SendGold is hyper-liquid, hyper-accessible, and based on physical gold, one of history’s most reliable assets. SendGold is an alternative to bank money as it allows its customers to save, invest, gift and pay using gold. The SendGold technology platform is highly scalable and its business model addresses some of the largest markets in the world, including not only gold, but payments, gaming and rewards, targeting Asia’s fast-growing and increasingly wealthy middle class. SendGold CEO and co-founder Jodi Stanton said, “We believe the world’s current money systems are […]

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Aug
22

Financial business management platform PractiFI raises $3 million to establish North American headquarters and take on US

PractiFI, a revolutionary business growth management platform for forward-thinking financial advice firm announced a AUD$3 million investment led by Microequities Venture Capital Fund. The financing will be used to rapidly accelerate PractiFI’s global strategy, establishing a North American headquarters in Chicago, expanding the US customer success team and building a range of new product integrations with other financial apps and tools. Since winning its first US client earlier this year, the Sydney-based company has gone from strength to strength and this international investment marks a significant milestone in its exponential growth. Following the investment, Howard Leibman of Microequities and Equity Venture Partners will join the PractiFI board. Mr Leibman says, […]

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Aug
07

Clover: Now new investors needn’t depend on beginner’s luck

Your first foray into the world of finance is a daunting one. With Clover, you know exactly where to step. Taking risks in the complex world of finance can be a daunting prospect for inexperienced investors. The challenge of entering the share market can be like contemplating a swim in the Alligator River and these days so it seems you take a fiscal risk just by visiting a bank or a financial advisor. The challenge for investment debutants is finding the assured way of building the capital they need to fund the lifestyle they aspire to. You’re not taught about such things at school and unless there’s a relation or […]

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Jun
27

A long-secret Bitcoin key is about to be revealed

A long-held bitcoin secret is about to be revealed. No, it’s not the identity of Satoshi Nakamoto, it’s a private key the cryptocurrency’s creator entrusted to several bitcoin developers that activates the protocol’s so-called “alert system,” once used to flash a text warning to those running the software in case something happened that could impact the security of their funds. If you didn’t know bitcoin had a warning system like this, that’s because it was retired in 2016 due to security concerns and frequent confusion about its use. “The alert system was a frequent source of misunderstanding about the security model and ‘effective governance,’” well-known Bitcoin Core contributor Greg Maxwell wrote […]

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May
31

Wisr announces limit increases to personal loan product

Borrower demand, institutional backing and continued operational improvements support this change Neo lender Wisr announced it will increase its personal loan limits following increased borrower demand, strong institutional lender support and continued improvement to loan evaluation. As of today the company will increase its personal loan limit from $35,000 up to $50,000(1), with a comparative interest rate up to 5% p.a. lower than the Big Four Banks(2). Loans will be available for any worthwhile purpose over three or five years, with a comparison rate of 9.36% p.a.(2, 3, 4) for borrowers with strong credit rating and with a Wisr personal loan there are no early repayment or exit fees. Anthony […]

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May
21

Advice documents still not clear, concise and effective

Many clients are simply not understanding the advice being presented in Statement of Advice (SoA) documents, because they are still not clear, concise and effective, according to leading fintech, YTML. Over the past three years YTML, which provides a number of advice technology solutions, including a paraplanning service, has seen over 50 different SoA templates. “Over 80 per cent of these were over 40 pages long,” said Terri Ho, YTML’s GM of Advice. “The longest I have seen is 130 pages.”   Ms Ho said the advice in many SoA documents isn’t being presented in a succinct way to clients – the information lacks clarity, there is too much jargon […]

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May
09

Fintech threatens credit unions: Moody’s

Moody’s says new digital banks such as Volt, which received an Australian-first banking licence this week, will threaten credit unions and building societies. Credit unions and building societies’ lack of tech leadership means they are under threat from a new wave of digital banks, according to ratings agency Moody’s. Volt, co-founded by a former chief executive of mortgages at UK giant Barclays, this week became the first fintech granted a banking licence – allowing it to raise deposits up to a maximum $2 million. Moody’s Investors Service vice president Frank Mirenzi on Tuesday said the big four banks – ANZ, Commonwealth Bank, National Australia Bank and Westpac – were already […]

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May
04

New lender joins Connective panel

Small business lender GetCapital has become the latest lender to join the asset finance lending panel of aggregation company Connective. The Sydney-based business lender provides a range of SME lending products including asset finance, flexible business loans and trade finance lines of credit. Commenting on the partnership, head of Connective Asset Finance Brent Starrenburg said: “We are delighted to have GetCapital as part of our growing panel of more than 20 lenders, from the largest providers to boutique specialists. “GetCapital has a strong reputation in the market for both their product offering and service levels — they are a great fit for Connective and will provide our member brokers with […]

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