capital raising

Feb
07

ATO signs up as first client for fintech start-up Mainframe Cloud

Fintech start-up Mainframe Cloud (“MfC”) has signed a contract with the Australian Taxation Office (“ATO”) to deliver a suite of mainframe modernisation solutions to the Australian Government’s major revenue collection agency.  The contract follows an extensive and successful Beta testing exercise in 2016 and the achievement of a minimum viable product by MfC. Based at […]

By Australian FinTech | FinTech . Venture Capital
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Feb
03

Kate Carnell urges pressure on banks to change

Small business ombudsman Kate Carnell will today issue a strong warning to government that after 17 inquiries into the banking industry since the GFC the time has come to put pressure on the banks to change their practices. Carnell’s report on small business lending is due to be released today by Revenue and Financial Services […]

By Reposted by Australian FinTech | Banking . Borrowing . FinTech . Lending . Peer-to-Peer
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Jan
31

Founder of AMP-backed fintech warns on corporate venture capital

The co-founder of a fintech acquired by AMP’s shuttered venture capital arm says start-up entrepreneurs who choose to take investment from a big corporate player must have their “eyes wide open” and be careful about their motivations. Jemma Enright, who was also chief executive of budget management platform MoneyBrilliant which AMP New Ventures wholly acquired […]

By Reposted by Australian FinTech | FinTech . Investing . Venture Capital
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Jan
31

Fintech company Spotcap raises A$20million in funding from listed New Zealand bank

European-based online lender Spotcap today announces a partnership with NZX-listed New Zealand bank, Heartland, with the bank providing Spotcap’s Australian operations with A$20million of funding. At the same time, Spotcap today launches its New Zealand operations in Auckland, further cementing Asia Pacific as one of the fastest growing regions for global fintech. * Spotcap provides […]

By Australian FinTech | Banking . Borrowing . FinTech . Investing . Lending . Venture Capital
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Jan
27

Fintech Avoka banks on big success

After topping up with $16 million of growth capital in the middle of last year, the leading Australian fintech company Avoka is eyeing off a potential IPO next year as it aims to make good on chief executive Phil Copeland’s drive for a $1 billion valuation by 2020. Next Tuesday, Avoka, which was one of […]

By Reposted by Australian FinTech | ASX . FinTech . Investing
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Jan
19

IFM deal gives Decimal greater access to industry super funds

The $72 billion IFM Investors fund has taken a stake in the ASX-listed digital advice supplier, Decimal, providing the Perth-based company with a key connection with the $500bn industry super fund sector. The holding gives IFM, which invests funds for the sector, a 6.5 per cent stake in the online ­advice company. IFM’s $750,000 investment […]

By Reposted by Australian FinTech | FinTech . Investing . Robo-Advice . Venture Capital
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Jan
17

Vanguard Australia founder to raise $6m for robo adviser SuperEd

A Sydney-based robo adviser set up by Vanguard Australia founder Jeremy Duffield and a former Westpac executive plans to raise up to $6 million to roll out its platform to some of Australia’s largest profit-for-member funds. SuperEd, founded in 2012 by Mr Duffield, and Westpac executive and technology entrepreneur Hugh Morrow, has to date amassed […]

By Reposted by Australian FinTech | FinTech . Investing . Venture Capital
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Jan
13

Investec funding for H2’s fintech accelerator backed by NSW government

Niche lender Investec has increased its funding facility for the fintech accelerator H2 Ventures by $4 million, in a deal that has been partially underwritten by the NSW government, which says it is willing to provide more guarantees to encourage venture capital funding. H2 Ventures says it remains committed to raising an unlisted, $30 million […]

By Reposted by Australian FinTech | FinTech . Investing . Venture Capital
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