capital raising

Jun
15

Tyro sticks to strategy as CEO Gerd Schenkel exits

It was back to business at Tyro Payments yesterday after the fintech elder severed links with chief executive Gerd Schenkel, who was hired amid great fanfare only eight months with a mission to transform Tyro into an SME bank. Tyro’s decision to target the poorly serviced SME sector was prompted by non-executive director and Atlassian […]

By Reposted by Australian FinTech | Banking . FinTech . Payments
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Jun
07

DigitalX secures new funding

DigitalX Ltd (Company or DCC) is pleased to announce that it has entered into a conditional subscription agreement and converting loan agreement with Blockchain Global Limited, an Australian incorporated company operating in the Bitcoin and Blockchain space internationally, to invest approximately $4.35m at 2.7 cents per share to acquire an interest in approximately 40% of […]

By Australian FinTech | ASX . Bitcoin . Blockchain . FinTech . Venture Capital
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May
31

MYOB founder Craig Winkler just backed a Sydney fintech’s $5 million funding round

A Sydney startup that creates accounting software has secured $5 million in a series A capital raising round. Practice Ignition announced Tuesday that Microequities Venture Capital Fund led the investment, while other new contributors included Black Sheep Capital and Right Click Capital. Craig Winkler, last week named the 12th wealthiest man in Australian tech, is […]

By Reposted by Australian FinTech | FinTech . Investing . Venture Capital
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May
26

Investible just led a $1.5 million investment round for Sydney wearable fintech Inamo

Inamo, the Sydney startup known for making waterproof wristbands and sunglasses that double as a contactless bank card, has secured $1.5 million of seed funding led by Club Investible. Investible’s $1 million contribution is its single largest investment into an Australian-based startup. The other $500,000 was sourced from unnamed private investors. Inamo founder Peter Colbert, […]

By Reposted by Australian FinTech | FinTech . Investing . Payments . Venture Capital
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May
24

CBA, Westpac back R3 blockchain capital raising

Commonwealth Bank of Australia and Westpac Banking Corp are among 40 global banks to have invested a combined $US107 million ($143 million) into R3, the global consortium developing distributed ledger technology that promises to help banks cut costs. The deal represents the largest equity raising to date for a “blockchain” start-up. The funds will help […]

By Reposted by Australian FinTech | Banking . Blockchain . FinTech . Investing . Venture Capital
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May
17

Morgans, CCZ in market with ChimpChange raising

ASX-listed fintech ChimpChange is in front of fund managers on Wednesday, seeking an equity injection to fund further development work. ChimpChange shares went into a trading halt on Wednesday morning as its brokers Morgans and CCZ Statton Equities launched a $10 million placement. The brokers were looking to sell 13.9 million new shares at 72¢ […]

By Reposted by Australian FinTech | ASX . FinTech . Investing . Venture Capital
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May
11

Budget 2017: Crowdsourced equity funding extended to proprietary companies

All private companies will be able to raise up to $10,000 from a retail investor after the government moved to extend crowdsourced funding in Tuesday’s budget, although it’s unclear when the changes will come into force. The original crowdsourced funding bill, which passed Parliament in March and is still five months from coming into effect, […]

By Reposted by Australian FinTech | FinTech . Investing . Venture Capital
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Apr
07

Trov secures AU$59 million in Series D Funding round

Trov, the technology company revolutionising insurance for the tech-empowered consumer, today announced that it has closed AU$59.44 million (US$45 million) in Series D funding led by Munich Re / HSB Ventures, bringing its total funding to just over AU$112.28 million (US$85 million). All of Trov’s Series C investors participated in the round (Oak HC/FT, Suncorp […]

By Australian FinTech | FinTech . Insurance . Investing . Venture Capital
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