capital raising

zipMoney announces A$20.6 million in oversubscribed institutional placement

Highlights of the zipMoney placement: zipMoney has completed an oversubscribed placement to institutional and sophisticated investors to raise A$20.6 million Placement funds will provide loan book equity capital, fund the proposed acquisition of Pocketbook and provide expansion capital Potential to approximately halve the weighted average cost of capital of zipMoney’s loan book zipMoney has entered […]

By Australian FinTech | ASX . FinTech . Investing
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May
26

Crowd-funder CoAssets seeking ASX listing and raising

Perth and Singapore-based fintech player CoAssets has announced plans to list on the ASX in July alongside a capital raise of between $5 million and $10m. CoAssets, which describes itself as the biggest crowd-funding player in Southeast Asia, listed on the National Stock Exchange in July last year and is now seeking an ASX listing […]

By Reposted by Australian FinTech | ASX . Borrowing . FinTech . Lending . Peer-to-Peer
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SocietyOne shifts from edgy start-up to $100m lender

The nation’s biggest peer-to-peer lender, SocietyOne, is growing up fast, and not in the same way as its renegade US cousin Lending Club. An ASIC search has revealed the stranglehold of the so-called media consortium (News Corp, Kerry Stokes and James Packer’s media-free Consolidated Press Holdings) over SocOne after the recent $25 million Series C […]

By Australian FinTech | Borrowing . FinTech . Lending . Payments . Peer-to-Peer . Venture Capital
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Apr
22

Focused fintechs get the nod from Silicon Valley

Silicon Valley once threw money at start-ups that aimed to disrupt broad swaths of finance. Now it is rewarding those that have sharpened their focus. While overall venture funding into lending start-ups is slowing, some platforms still are raising money by taking aim at narrower or less-traditional borrowing niches than the first generation of financial-technology […]

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Apr
07

Fintech sector held back by fear factor, not a lack of capital

A dearth of ideas and entrepreneurs, rather than capital, is the main barrier to innovation in Australia, delegates at the Australian Financial Review Banking & Wealth Summit heard on Wednesday. Chris Brycki​, chief executive of online investment adviser Stockspot​, said that high salaries and the low number of job losses in the financial services sector […]

By Cameron Dart | FinTech . Venture Capital
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Fintech Revolution Comes to Mid-Market Capital Raising

Innovation and growth amongst SMEs in Australia continues to be stunted in the wake of the GFC, resulting in staff being laid off and businesses facing an increased risk of bankruptcy. At a time when innovation is being pushed as a national agenda, 400,000 small- and medium-sized companies say a lack of finance is preventing […]

By Cameron Dart | FinTech . Investing
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Mar
18

Fintech start-up Afterpay plans ASX listing

Fintech start-up Afterpay — backed by legendary corporate raider Ron Brierley and a host of alumni from his former Guinness Peat Group — plans to list on the Australian Securities Exchange to supercharge growth plans after signing up more than 100 retailers to its online e-commerce product in the past nine months. Afterpay, whose backers […]

By Cameron Dart | ASX . FinTech . Payments
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PromisePay’s a disruptive influence that has learned well

As some of the heat recedes from the bubbly global fintech sector, Melbourne-based payments disrupter PromisePay is among a select group of local start-ups with a rapidly deepening revenue stream, serious global prospects and an embarrassment of funding options. Sometime this year, PromisePay will start taking bids for a second round of funding. One of […]

By Cameron Dart | Banking . FinTech . Payments
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