Stuart Stoyan is FinTech Australia’s new chair
Stuart Stoyan is appointed FinTech Australia’s new chair as Simon Cant steps down Stuart Stoyan, who is the founder and CEO of Melbourne-based fintech company MoneyPlace, has become FinTech Australia’s new chair after the association’s founding chair Simon Cant decided to step down. Mr Cant led the founding of FinTech Australia in November 2015. He authored the initial fintech call to action which made the case to government for fintech to become a national innovation priority in the face of global financial services disruption. At the Treasurer’s invitation, Mr Cant also led the development of FinTech Australia’s initial reform priorities agenda in January 2016 which informed the Australian Government’s Backing Australian […]
Bitcoin forks: inside the latest craze to hit the cryptocurrency market
Bitcoin God arrived last month. Bitcoin Pizza was delivered in January. Bitcoin Private’s issuance date is… still a secret. They’re just a few of the growing stable of so-called forks – a type of spinoff in which developers clone Bitcoin’s software, release it with a new name, a new coin and possibly a few new features. Often, the idea is to capitalise on the public’s familiarity with Bitcoin to make some serious money, at least virtually. Some 19 Bitcoin forks came out last year – but up to 50 more could happen this year, according to Lex Sokolin, global director of fintech strategy at Autonomous Research. Ultimately, the number could […]
Why ICOs are the real deal
As bitcoin and the overall cryptocurrency market exploded in 2017, the appetite for ICOs (Initial Coin Offering) has also risen but without the same mainstream attention. At its most basic level, an ICO is a public crowd fundraising alternative to the traditional IPO (Initial Public Offering). ICOs have quickly become the choice of global visionary companies that have an audacious plan and need capital to quickly execute it. While the general consensus is that participating in ICOs should be taken with great care, which I agree with, there are many success stories in Australia and around the world that buck this notion. ICOs differ from IPOs in a number of […]
Australian fintech company BRICKX has had a 2017 to remember
It’s been a BIG year for Australian fintech company BRICKX. In the last 12 months BRICKX has: Helped more than 6,000 people access property investment Expanded our portfolio to 14 properties across three States Grown to 15 dedicated team members Attracted investment from the Westpac backed venture capital firm Reinventure BRICKX also won a swag of awards including: REA’s Excellence Award for Game Changer of the Year CANSTAR’s Innovation Excellence Award Talent Unleashed’s Best Startup for Tech or Digital Innovation Fintech Australia’s FINNIE for Excellence in Establishing Market Presence Fintech Business Award for Platform Innovator of the Year FinTECH Award for Best FinTech Communications Campaign What’s next? By […]
Fintech Startups Prospa and Credi take out the top spots in the Inaugural Australian National Techboard Awards
Australia’s top trending companies were celebrated at the Techboard 2017 National Awards on 30 November 2017. Over the course of 2017, Techboard has been tracking metrics on Australian Startups and publishing monthly rankings that rank companies on the extent to which the metrics indicate they are trending or gaining mindshare. The Techboard 2017 National awards are a culmination of those monthly rankings and comprised two company categories, the highest trending company overall and the highest trending up and coming company. Techboard held the event in conjunction with StartCon, Australia’s largest startup and growth conference with the backing of leading sponsors MYOB. In this, its first National Awards, the winners […]
Jacaranda Incubator Program – Backing Australian Fintech
Jacaranda Finance is on the hunt for Australia’s most exciting, high growth potential Fintech startup, establishing the Jacaranda Incubator Program. Background Jacaranda Finance is one of the fastest growing financial technology start-ups in Australia. With the recent launch of the new and improved Jacaranda decisioning engine, the young startup analyses vast quantities of data from numerous data sources within seconds. This allows the company to make smarter credit decisions and expand the availability of fair, affordable, responsible and more transparent credit solutions for consumers. “It’s no longer hard, expensive or impossible to acquire and process large volumes of data relating to our applicants”, says Daniel Wessels, CEO of Jacaranda. […]
Australian fintech startup HCash just revealed it raised $53 million through an ICO in July
Initial coin offerings (ICOs) are polarising the business world at the moment, but one Australian company has made hay while the sun shines, raising 21,000 Bitcoins worth of capital. Blockchain security startup HCash, which is developing its technology in conjunction with Melbourne’s Monash University, has revealed to Business Insider that the round closed on July 15. Based on that day’s exchange rate, the 21,000 Bitcoins were worth $53 million. ICOs are a method of raising funds where a startup sells electronic tokens or “coins” to buyers that are betting that the business will do well in the future, thereby raising the value of the token. Unlike traditional venture capital, no […]
Verrency announces Series A funding round and global expansion Innovative fintech to launch operations in US and Asia
Payments platform Verrency has announced a $US 15 million Series A funding round as it continues to expand internationally. The growth-stage fintech provides payments innovation-as-a-service that enables issuers to deliver the latest payment capabilities, fast and cost effectively, through their existing payments infrastructure. By giving consumers unprecedented flexibility and control over how they pay, Verrency’s cutting edge features ensure that their issuer’s brands are top of wallet and top of mind, driving revenue. The Australian-based startup has recently completed an oversubscribed pre-commercialisation funding round raising $US 4 million and is looking to raise a further $US 15 million to expand into key international markets. Verrency aims to close the […]
