capital raising

Sep
18

Super funds back biggest-ever Australian tech venture fund worth $200 million | afr.com

This is certainly great news for the Australian tech start-up industry. It also shows great faith in what is to come out of the Australian tech sector in the coming years. Leading entrepreneurs and two major superannuation funds will combine forces to launch Australia’s biggest-ever technology start-up venture capital fund, with more than $200 million set aside to back growing companies. The new fund will be managed by Blackbird Ventures and has been backed by 96 technology entrepreneurs including Atlassian co-founder Mike Cannon-Brookes, as well as two major superannuation funds, First State Super and Hostplus Super. It will target tech companies that would previously have headed overseas in search of […]

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Carlyle backs Prospa securitisation to boost SME lending

This is great news for Australian FinTech company Prospa. It’s also a very positive sign to see global companies investing in Australian FinTech companies – it appears others are starting to see the potential here in Australia. Global alternative asset manager the Carlyle Group has invested $50 million in the first securitisation deal in Australia of unsecured, online business loans, which will allow Prospa to step up its small-business lending as the big banks overlook the sector. The securitisation deal, which is only the third globally in the online business lending category, is part of a $60 million capital raising that was also supported by Ironbridge Capital, AirTree Ventures, and […]

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Jul
23

FinTech Investments Quadruple: Top Trends To Watch

Investments into FinTech startups recently quadrupled, growing from just over $3 billion in 2013 to over $12 billion in 2014. And consider alongside that another trend showing that crowdfunding will surpass VC in 2016 as a funding source–given that crowdfunding itself is a segment of the FinTech market. Source: FinTech Investments Quadruple: Top Trends To Watch

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Jul
21

Australia can be the global start-up laboratory | The Australian

What if Australia was named the most ideal environment to create a global start-up? It sounds like an unlikely prospect but it’s not as unlikely as we would like to think. Examining the current appetite US venture capital funds have for the Australian market, there’s something unique at play in Australia, which makes it a great birthplace for start-ups. Source: Australia can be the global start-up laboratory | The Australian

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Jul
14

Investing opportunities in FinTech

Investment Investment in FinTech takes two directions. Firstly you can invest your funds into companies such as peer to peer lenders for them to distribute as loans. This takes the form of either direct investment for the wholesale investor or investment into managed investment schemes that administer the funds for a fixed return. Obviously as the level of management increases the returns will decrease but so too will the risk. The second approach that is starting to gain a foothold is to invest directly into the companies themselves through new ‘crowd funding’ platforms that provide you with equity for your investment. These equity raising platforms are great for anyone looking […]

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Jul
14

Afterpay: Ron Brierley backing fintech start-up | The Australian

Legendary corporate raider Ron Brierley and a host of alumni from his former Guinness Peat Group have joined a group of wealthy investors in backing online commerce-tech start-up Afterpay to target the $100 billion market for online retail and e-services. Source: Afterpay: Ron Brierley backing fintech start-up | The Australian

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Jun
22

Robo-adviser Stockspot raises capital from H2, Rocket Internet

Stockspot, a robo-adviser seeking to disrupt wealth managers by offering a low-cost, automated financial advice process, has completed a capital raising and welcomed onto its register the Berlin-based start-up investor Rocket Internet, and H2 Ventures, the new fintech venture capital fund run by brothers Ben and Toby Heap.Stockspot, founded in 2013 by former UBS portfolio manager Chris Brycki, has 3000 registered users after launching in May last year. It won’t disclose funds under management but says these have tripled this calendar year. Source: Robo-adviser Stockspot raises capital from H2, Rocket Internet

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May
25

H2 Ventures, born from AWI’s ashes, will fund 100 fintech firms

This is great news for start-up Australian FinTech companies looking for funding.   Venture capitalist brothers Ben and Toby Heap have established a new fintech-focused venture capital fund and accelerator, H2 Ventures, which is raising $10 million to invest in 100 fintech start-ups over the next three years. The establishment of H2 follows the demise of AWI Ventures, where Toby has been managing director, after its ASX-listed parent Australasian Wealth Investors, where Ben was chief executive, withdrew support for VC. The change of heart was spurred by a restructure after the company was stung by its investment in financial services business van Eyk, which collapsed amid a governance scandal. Source: […]

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