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Apr
17
MYOB votes are in; shareholders hand keys to KKR
Almost four years to the day after re-listing on the ASX, and after an at-times remarkable takeover battle, the accounting software company is headed for a another stint in private equity hands. It is understood early votes and proxies received ahead of Wednesday afternoon's meeting are enough to ensure MYOB is headed into KKR's private [...]
DETAIL
Apr
17
Aussie blockchain investor goes global
Australian digital assets investment firm TCM Global Asset Management (formerly Token Capital Management) is making its first international foray. TCM is chaired by former ANZ managing director of global markets, Steve Bellotti, and its chief executive is former JP Morgan managing director of Asia Pacific commodities trading, Jon Deane. The firm has acquired a controlling [...]
DETAIL
Apr
10
London threatening San Francisco’s fintech unicorn dominance, research says
London could soon overtake San Francisco as the fintech (financial technology) unicorn capital of the world, according to a new study. Of the world’s 29 fintech unicorns – private companies valued at more than $1 billion – nine are based in San Francisco, while seven are headquartered in London, the research published Tuesday said. The […]
Apr
01
Super will help fund the next wave of unicorns
The country’s leading venture capitalists are tipping more direct investment will flow from superannuation firms such as Hostplus into start-up deals, as more $100 million-plus raises test the funding capacity of the VC firms. Last week cross-border payments start-up Airwallex became the latest Australian company to achieve the lauded $US1 billion valuation milestone, making it the […]
Mar
26
Australian fintech Airwallex confirmed as latest fintech unicorn following Series C fundraising
Airwallex confirms unicorn status following a successful Series C fundraising round of $100m USD, valuing the company at over $1bn USD. Founded in Melbourne in 2015, Australian fintech Airwallex has grown from an emerging start-up to a global challenger in the crossborder payment space, supporting a client base of internet titans including JD.com, Tencent and […]
Feb
26
Fintech gold rush tipped as KPMG finds Australian investment hit $842m in 2018
Big four professional services firm KPMG has tipped even more funding will come for Australian fintech players in the wake of new open banking rules and the banking royal commission, despite a huge rise in deals taking spending to $US600 million ($842 million) in 2018. In new local figures derived from its biannual global Pulse […]
Feb
20
Techboard data shows the startling growth of the Australian fintech sector
US-based data company CB Insights recently reported that VC investment in Australian Fintech had grown from $67m in 2017 to $343 million in 2018. While this does show massive growth in funding for Australia’s fintech sector, data from Australian Startup Data Company Techboard indicates that this represents a significant understatement of the sector’s growth. Techboard […]
Feb
12
Fintechs received almost half of $1 billion in startup funding from last quarter
The quarter ending December 2018 saw Australian fintechs receive $508 million in funding. A new report of funding for Australia’s startups and young tech companies by Techboard has found that these companies received an impressive $1.066 billion in funding in the quarter ending December 2018. While this was a small reduction from the $1.085 billion […]
