investment

Mar
19

Aussie ETF industry breaks another record

Exchange-traded funds (ETFs) have continued on their growth trajectory as the Australian ETF industry broke new records last month, with a monthly funds under management (FUM) increase of $2.3 billion, BetaShares’ February Australian ETF Review has said. This figure eclipsed the previous record set in November 2017, and the industry now stands at $44.8 billion. […]

By Reposted by Australian FinTech | FinTech . Investing
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Mar
19

What’ll Waddle do with $4m injection?

Small business lender fintech start-up Waddle will step up its efforts to crack overseas markets and take a larger share of the big four bank’s local market share after closing a $4 million series A funding round. The funds, sourced from tech venture capital firm Allectus Capital, will be used to grow the fintech’s footprint […]

By Reposted by Australian FinTech | Borrowing . FinTech . Investing . Lending . Venture Capital
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Mar
15

The investment millennials are turning to instead of property

Millennials now make up 29% of all exchange traded fund investors in Australia, compared to 19% five years ago. The number of Australians invested in exchange traded funds (ETFs) continues to rise, with more than 385,000 investors as of October 2018 representing a 20% increase for the year prior. Of these 385,000 Australians invested in […]

By Reposted by Australian FinTech | FinTech . Investing
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Mar
12

Pintec acquires Australian credit risk solution provider InfraRisk

Beijing-based fintech solutions company Pintec has bought Australian credit risk solution provider InfraRisk. Financial details were not disclosed. Melbourne-based InfraRisk will be a “wholly-owned unit”, and Pintech is looking to get more financial institutions (FIs) through its “SaaS Plus” [Software-as-a-Service] model, and “explore new market opportunities in developed countries”. Nicholas Davies, founder and CEO of […]

By Reposted by Australian FinTech | FinTech . Investing
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Mar
11

Afterpay rival PayRight targets larger purchases with $30m funds raised

Australia’s booming, but controversial, buy now, pay later market has another major competitor after fintech firm PayRight raised a total of $30 million to expand its operations, which targets consumers making larger purchases than Afterpay allows. The company has largely flown under the radar in the sector, with $4.7 billion-valued ASX-listed Afterpay its most prominent […]

By Reposted by Australian FinTech | ASX . FinTech . Investing . Payments
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Mar
08

Fintech investment doubled while Australian banks hammered

Investment in financial technology startups more than doubled last year while Australian banks came under intense public scrutiny for their treatment of customers. Globally, fintechs managed to attract US$26.7 billion investments in the 2017-18 year, which was 107 per cent more than the year before, according to Accenture analysis of CB Insights data. The increase […]

By Reposted by Australian FinTech | Banking . FinTech . Investing
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Mar
07

Raiz starts its international expansion by launching in Indonesia

Following its success in Australia, Raiz is proud to announce its expansion into Southeast Asia with the launch of Raiz Invest in Indonesia. In Indonesia, Raiz Invest will position itself as an aspirational product to improve by hands on learning financial literacy and financial inclusion, similar to Australia. “We are very excited to bring Raiz […]

By Australian FinTech | FinTech . Investing
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Mar
07

Saxo launches digital access to Chinese bonds

Multi-asset trading and investment fintech specialist, Saxo Bank has announced the addition of Chinese bonds to its offering, a move which will be expected to further cement its position as a gateway to China for its international client base. In 2017, the firm offered an opportunity for qualified institutional clients in Australia to trade mainland […]

By Reposted by Australian FinTech | FinTech . Investing
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