Investing in FinTech

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
21

Pensioners prime market for robo-advice

There is considerable opportunity to provide robo-advice to pensioners seeking affordable, accessible and personalised advice, according to GlobalData. The company’s 2017 Life & UK Pensions Survey found that 63 per cent of individuals accessing financial advice used it to discuss pensions, which usually was through visiting online platforms that provided automated advice. GlobalData pointed to […]

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

Top-20 banks should be investing in disruptors, says Reinventure co-founder Simon Cant

As Reinventure announces its third $50 million fintech investment fund, co-founder and managing director Simon Cant says its important for big banks to invest in the very startups that are disrupting their industry. The latest fund brings the Westpac-backed VC firm’s total funds under management to $150 million, and follows two previous funds, which have […]

By Reposted by Australian FinTech | Banking . FinTech . Investing . Venture Capital
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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
16

Macrovue thematic global share portfolios available as SMAs via Praemium

Thematic global share investing business Macrovue announce the first 3 of its 22 managed portfolios are available as SMAs via the industry-leading managed accounts platform, Praemium. Thematic portfolios are becoming more and more important for advisers to consider when thinking about a client’s overall portfolio.  Having the Macrovue thematic global share portfolios available for advisers […]

By Australian FinTech | FinTech . Investing
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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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