Lakeba achieves $20M startup sales record for Paid By Coins
Australian technology innovator Lakeba, who has launched over ten new ventures in the Australian market since 2016, today announced the $20M sale of their Paid by Coins venture to Mobecom (ASX:MOB) only seven months after launching the platform in early 2018. “Lakeba built, deployed and exited the Paid By Coins business in less than seven months, achieving what few startups have before them. This accelerated acquisition timeline demonstrates the rigour and depth of Australian innovation and sets a new benchmark for the rapid commercialisation and sale of market-relevant, high demand emerging technology solutions,” said Giuseppe Porcelli, CEO and Founder of Lakeba. Paid by Coins is a secure payment solution for consumers, enabling […]
Everything you missed at the Jacaranda Finance Drought Row-lief
Jacaranda Finance held their first ever charity fundraiser last Saturday the 8th of September. The Drought Row-lief row-a-thon was held at Science Fitness in South Brisbane and F45 Training Centre in Paddington. Each gym had a show of rowing machines going for 90 minutes and Founder and CEO of Jacaranda, Daniel Wessels, is now donating $40 for every kilometre that was rowed. With 10 rowing machines going on the day and a crowd of enthusiastic rowers, both gyms clocked 221 kilometres collectively. Originally Wessels was planning to donate $20 per kilometre. However, coming off a big win at the previous nights 2018 Young Entrepreneur Awards where we won the Professional […]
Pull together for the Aussie Drought Row-lief
The entire state of NSW has been declared in drought after a drier than ever June and July. As a result, the state’s farmers are experiencing one of the toughest winters they have seen. With failing crops, water shortages and a diminishing supply of fodder to sustain stock, farmers are struggling just to keep their stock alive, let alone make ends meet. Companies nationwide have been doing their part to help out, donating money to help the families living on the land with necessities, or donating hay bails to help keep their herds alive. As a small business with a big heart, Brisbane-based lender, Jacaranda Finance has decided to jump […]
Grant Thornton support of Lakeba’s Future Hub consortium to help accelerate Blockchain Growth
Australian technology innovator Lakeba Group, and leading global independent assurance, tax and advisory firm Grant Thornton, have announced a new alignment that will see Grant Thornton’s technology industry team, support Lakeba’s Future Hub. Recognised for being one of the first technology companies in Australia to have live commercial blockchain implementations across a range of sectors, the vision of Lakeba’s Future Hub is to provide a one stop shop solution for Australian businesses looking to adopt blockchain solutions from conception, to development all the way through to tax, legal and regulatory compliance. “With the support of Grant Thornton’s technology industry team, the Future Hub will be greatly strengthened with the proven […]
UK fintech ‘unicorn’ Ebury heads to Australia
British fintech firm Ebury has set up shop in Sydney, having identified the Australian market as a good foothold for southern hemisphere expansion.
Keeping up with the customer in the digital age
Demanding customers, increasing regulation and clunky IT systems are proving serious speed bumps for Australian companies who want to grow in the digital age. Lending is facing a particularly sensitive atmosphere because of the banking royal commission, with many disruptors investing heavily in “regtech” – technology that simplifies compliance. These were some of the views aired by participants at a recent business roundtable event hosted by Fairfax Media and KPMG Enterprise which discussed Australia’s digital transformation. Anthony Baum, the CEO of Tic:Toc, which provides home loans that can be fully approved within 22 minutes, says technology is “way better” than traditional manual loan approval methods. “40 per cent of people […]
Australia’s first Future Hub to Accelerate Blockchain Development and Implementation
Australian technology innovator Lakeba Group today launched the Lakeba Future Hub, a consortium of leading technology, law, taxation and educational firms, with a focus on accelerating blockchain adoption and development by Australian businesses. Recognised for being one of the first technology companies in Australia to have live commercial blockchain pilots across multiple sectors, Lakeba will work with leading partners Microsoft, IBM, Macquarie University, cryptocurrency and blockchain legal expert Piper Alderman, and taxation expert Grant Thornton, to help businesses navigate the pathway for implementing blockchain and cryptocurrency solutions. New partners relevant to the vision of the Future Hub will continue to be added as the consortium grows in scope and footprint. […]
DIY smart contracts and customisable crypto derivatives on demand
If everything’s going on the blockchain, the blockchain needs a derivatives market. Blockchain development is tough. Unlike other systems, someone who wants to build an entire platform of their own has to get their heads around the multi-faceted nature of decentralisation, and balancing technical foundations and economic theory. Even building on an existing platform is tough work and experienced blockchain developers can now pull seven figure signing bonuses from prominent companies. Ethereum in particular poses a unique challenge. Thanks to the complexities of its own unique Solidity programming language, thousands of Ethereum contracts end up being flawed or even outright broken when they go live. Projects around the cryptosphere are […]
