capital raising

May
21

Prospa float reveals a new world of online business financing

Online small business lender Prospa is set to hit the ASX on June 6 with a market capitalisation of $576 million. It’s a lofty valuation for a relatively new business lender with a net loan book of $200 million and a statutory net profit in the 2017 financial year of just $1.2 million. But the […]

By Reposted by Australian FinTech | ASX . Borrowing . FinTech . Investing . Lending . Venture Capital
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May
18

Prospa books open, offer size reduced

Macquarie and UBS’s equities desks have started beating the drum for ASX-aspirant Prospa. The brokers opened Prospa’s IPO bookbuild on Thursday morning, with news the offer size had been reduced. Some of the online small business lender’s existing shareholders have cut the size of their selldown. Prospa is now seeking to raise $141 million to $147 […]

By Reposted by Australian FinTech | ASX . Borrowing . FinTech . Investing . Lending
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May
18

Anger grows over crowdfund farce

Anger is growing over “farcical” delays to passing the equity crowdfunding bill that would extend the regime to private Australian companies, with the scheme now unlikely to come into effect until the end of the year. There are also concerns that cuts to corporate regulator ASIC will further slow the implementation of the scheme, which […]

By Reposted by Australian FinTech | FinTech . Investing
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May
16

HashChing eyes white label mortgages

The mortgage marketplace has launched a crowdfunding campaign in a bid to help facilitate its growth plans, which include rolling out its own white label loans. On Tuesday (15 May), mortgage marketplace HashChing launched a crowdfunding campaign with the target of raising $5 million to fund its growth ambitions. HashChing has invited interested parties — […]

By Reposted by Australian FinTech | Borrowing . FinTech . Lending . Mortgage
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May
15

HashChing puts its hand out to go it alone

Online mortgage marketplace HashChing is looking to raise up to $5 million by the end of June through the power of crowd-funding, in a bid to ensure that it is immunised from the influence of any big bank, says CEO Mandeep Sodhi. Instead, HashChing has partnered with equity crowd-funding platform Equitise to issue its first […]

By Reposted by Australian FinTech | FinTech . Investing . Mortgage
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May
10

Raiz Invest to list on ASX with a $120m valuation

Raiz Invest, the micro-investment fintech, has lodged a prospectus with the corporate regulator for a June float in a deal that will value the start-up at around $120 million. As flagged by The Australian Financial Review’s Street Talk column last week, the initial public offering for Raiz, formerly known as Acorns Grow Australia, will raise […]

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May
08

Ex-NAB execs raise $15m to disrupt home loan market with new start-up Athena

Macquarie Capital and Square Peg are the lead investors in a $15 million funding round for fintech start-up Athena, which aims to use the latest technology to steal a march on the big banks in the competitive home loans market. The firm purports to connect home buyers with loans backed directly by the superannuation industry […]

By Reposted by Australian FinTech | Borrowing . FinTech . Investing . Lending . Mortgage . Venture Capital
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May
08

OurCrowd reaches $1bn funds under management with $200m from Australian backers

Israel-founded equity crowdfunding platform OurCrowd has become one of the biggest sources of offshore venture capital for Australian investors, revealing it just surpassed $1 billion under management, globally with more than 20 per cent or $200 million coming from Australian investors. OurCrowd, which has achieved 20 exits from company investments since launching in 2012 and […]

By Reposted by Australian FinTech | FinTech . Investing
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