Stone & Chalk unites Melbourne and Sydney with launch of $255 million mega-hub
Asia’s largest fintech innovation hub, Stone & Chalk, is uniting fintech across the eastern seaboard with the launch of a new national capability across its new home at the Goods Shed North in the heart of Melbourne’s CBD innovation precinct, and its residency in the Sydney Startup Hub. With Melbourne and Sydney combined representing over 80 per cent of all fintech activity across Australia, the new east-coast “mega-hub” will give start-ups, scale-ups, corporates, and investors nationwide opportunities for collaboration and resource-sharing. Given this Melbourne/Sydney fintech concentration, and with Stone & Chalk already the largest hub in the region, the new mega-hub is set to become a national asset that could […]
Quantifeed eyes Australian expansion with $13.5m raising
The fintech is looking to expand its B2B robo-advice business in Australia as a part of a $13.5 million venture capital raising announced today. The series B funding was led by Taiwanese giant Cathay Financial Holdings, with participation from US-based asset manager Legg Mason, and will go towards Australia and Asia Pacific growth. “We will be growing the Australian team over the next six to 12 months and also open an office [on an undisclosed timeline],” Quantifeed co-founder and chief executive Alex Ypsilanti told Financial Standard. The five-year-old fintech has now raised a total of $24 million. This includes today’s $13.5 million, a series A funding of $6 million in […]
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: […]
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, […]
How the Victorian Government is working to position the state as a global Fintech hub
As Fintech innovations continue to disrupt the financial industry, the state government of Victoria in Australia has been working pro-actively to foster a thriving Fintech ecosystem. It is seeking to ensure that Melbourne’s fintech sector reaches its full potential and continues to create jobs, businesses, technologies and exports. Last week, the Victorian Government led a delegation of Fintech companies to Singapore for Money 2020 Asia. During a Corporate Access day prior to the event, OpenGov spoke to Amelia Fyfield, Deputy Commissioner, Southeast Asia, at Trade and Investment Victoria and Alex Veale, Trade Specialist- Professional Services, Trade Victoria, under the Department of Economic Development, Jobs, Transport and Resources (DEDJTR), to learn […]
ETFs the ‘starting point’ for Millennials
Almost 40 per cent of first-time ETF investors are Millennials, according to new research by BetaShares and Investment Trends. BetaShares and Investment Trends have launched a joint report that examines the attitudes of people who are currently invested in (or considering) ETFs. According to the report, the average age of ETF investors had dropped: the average age of those who began investing in ETFs five years ago was 56, whereas the average age of those who began investing in ETFs 12 months ago was 42. Furthermore, Millennials were found to have the greatest appetite for ETFs, with the report revealing this demographic made up 38 per cent of online investors […]
Australia and UK “Concluding Negotiations” for new FinTech deal
The Australian High Commissioner to the UK has revealed that the two countries are on the verge of inking a new FinTech agreement. Speaking at a global trade conference last week, Australia’s high commissioner to the UK Alexander Downer reportedly stated that the two countries “are in the process of concluding negotiations on fintech”, a move that will boost Australia with direct ties to one of Britain’s fastest-growing industries. As reported by International Investment, Downer further revealed that the agreement will bring enhanced cooperation between the two countries’ regulatory authorities. A spokesperson for Her Majesty’s Treasury, the UK’s economic finance ministry, confirmed the advanced talks, stating: “The UK and Australia […]
Sunshine Coast business promising easier bill payment
A Sunshine Coast business is promising to take their innovative bill payment platform to the next level with Queensland Government backing from the Advance Queensland Ignite Ideas Fund. Innovation Minister Leeanne Enoch said Noosa Heads business Promis Network’s automated bill payment platform had the potential to change the lives of business operators across Queensland, nationally and globally. “Promis Network have been working on the automated bill payment platform for over a year and have some customers already established on the Sunshine Coast. This Ignite Ideas funding will allow the business to take their amazing idea to new markets,” she said. Promis Network’s automated bill payment platform allows invoices to be […]
