Picking your peer-to-peer platform provider to invest
Disruption is not just happening to retail, hospitality and taxis. It’s also happening in financial services, especially banks, where borrowers and lenders are finding ways to engage, cutting traditional players out of the picture. At best, in this scenario, both investors and borrowers can end up winning, with better lending rates and higher returns. This sector is worth investigating for investors comfortable with debt, but be prepared to do your homework. The sector is expanding rapidly with a range of new businesses, offering differing features. But for most investors the field can be split into peer-to-peer lenders and corporate bonds. The lenders Funds are available for personal commitments such as […]
Fintech future lies in a winning ecosystem: Reinventure
The Australian fintech sector must hone its focus to developing a specific ecosystem or risk losing out to a highly competitive global marketplace, according to Reinventure Group. Speaking at the Australia’s Asian Future Summit on Friday, Reinventure Group managing director Simon Cant spoke to the need for Australia to find its own fintech niche to attract global customers. He cited the success of Israel’s rapidly-expanding and globally dominant cyber security ecosystem, referred to by many as the ‘epicentre’ for security innovation. “Israel has developed a very strong reputation globally in relation to cyber security, and now people if they’ve got cyber security ventures it’s all about I need to get […]
Mike Cannon-Brookes leads $4m round in home energy fintech start-up Brighte
Atlassian co-founder Mike Cannon-Brookes has made his latest move in his ongoing effort to move the dial on Australia’s energy crisis, becoming the lead backer in a capital raising for home energy funding platform Brighte. The company, which was founded by former Macquarie Group senior manager Katherine McConnell in 2015, provides on-the-spot finance online for home energy improvements such as solar panels and home batteries. It promises to dramatically increase the number of homes installing renewable, clean energy equipment by taking away the often hefty upfront cost and making it easier and more affordable. Brighte raised an initial seed round of $3.5 million from high net worth investors and family […]
Westpac creates data accelerator
Westpac Banking Corp has created a “data accelerator” to build new technology businesses from anonymised data sets, and will offer access to it to institutional banking clients seeking to turn data into assets. FUELD, which has been set up in partnership with Stone & Chalk, will provide early-stage start-ups access to the Data Republic data-sharing platform. Westpac’s venture capital fund, Reinventure Group, is an investor in Data Republic. The accelerator will be run by the former CEO of Fishburners, Murray Hurps. Macgregor Duncan, Westpac’s co-head of business development, said start-ups which could emerge from the program may examine new credit models and applications for algorithmic real-time property valuations. Start-ups will […]
FinTech New York Immersion Program – October 22-26, 2017 – NYC, USA
<![CDATA[ Applications have opened for the FinTech New York Immersion Program. This has been designed for Australian FinTech’s who have an initial presence, or are ready to scale into the USA market using New York as their entry point in mind. FinTech’s will be introduced to and build connections to top tier New York networks in the finance, technology and startup network in a one week program including: interactive workshops and peer 1:1 mentoring from the NYC fintech startup ecosystem that include Betterment, Skaled, OpenFin, Algomi, Ladder, CapCo, and FintechCollective hear from the other side of the table of VCs and Enterprise, counting Brooklyn Equity, JP Morgan, ff Venture Capital, Bain Capital, SMBC, Nasdaq, American Express, […]
FinTech New York Immersion Program
Applications have opened for the FinTech New York Immersion Program. This has been designed for Australian FinTech’s who have an initial presence, or are ready to scale into the USA market using New York as their entry point in mind. FinTech’s will be introduced to and build connections to top tier New York networks in the finance, technology and startup network in a one week program including: interactive workshops and peer 1:1 mentoring from the NYC fintech startup ecosystem that include Betterment, Skaled, OpenFin, Algomi, Ladder, CapCo, and FintechCollective hear from the other side of the table of VCs and Enterprise, counting Brooklyn Equity, JP Morgan, ff Venture Capital, Bain Capital, SMBC, Nasdaq, American Express, DFJ […]
Picturewealth app that lets you take a ‘welfie’ pic of your finances raises $1.2m
A Perth start-up that claims to offer a snapshot of your finances – dubbed a “welfie” – has raised $1.2 million, led by the financial planning group that will distribute its app first. The funding for PictureWealth shows the excitement around personal budgeting fintechs created by the likes of Acorns and Pocketbook – both of which have raised millions in Australia – continues to spread. PictureWealth claims to allow users to aggregate information on all their assets, debts, expenses and insurance policies, viewable on one PC or smartphone screen at one time. “Until now, there hasn’t been a single space where people can view a picture of their personal wealth. […]
Ignition Wealth appoints Simon Conroy as Investment Committee Chair
Ignition Wealth CEO Mark Fordree today announced the appointment of Simon Conroy as Chairman of the Ignition Wealth Investment Committee. Simon Conroy is a senior investment and banking professional whose previous roles include Head of Investment Strategy and Head of Private Markets at the Macquarie Group, where he served for more than a decade. “Ignition Wealth continues to expand our leadership team. The appointment of Simon Conroy as Chairman of the Ignition Wealth Investment Committee is part of our ongoing commitment to drive the business forward,” Mark Fordree, CEO, Ignition Wealth. Simon Conroy joins several financial services leaders at Ignition Wealth. Industry veteran Peter Meurer serves as […]
