AI, VR and fintech in focus as Microsoft takes on its first Aussie start-ups
Artificial intelligence and financial services based start-ups provide the majority of the first cohort of global tech giant Microsoft’s first Australian accelerator program. The program, known as ScaleUp, was announced in February and targets start-ups that have typically received initial funding and are looking to expand. It promises to help fast-track their growth by linking […]
Arctic Intelligence reels in $2.8m to fuel global expansion
Arctic Intelligence, a provider of cloud-based audit, risk and compliance platforms, has raised $2.8m in fresh funding. The capital came from high-profile angel investors, comprising of experienced leaders in their field and includes entrepreneurs, career bankers, professional investors, venture capitalists and two ex-CEOs from publicly listed companies. It will allow the RegTech to fast-track its […]
First Growth Funds secures $15m from HCASH
First Growth Funds Limited (ASX:FGF) will assist blockchain group HCash, investing up to $15m in some of the most innovative companies on the ASX. HCash possesses its own unique blockchain tech similar to Bitcoin and Ethereum, possessing a market cap of $150m. Subject to regulatory approval, HCash will invest $15m of HCash digital currency in […]
NAB Ventures secures another $50 million to invest in fintech startups: Here’s what the fund is looking for
Australian big-four bank NAB has allocated another $50 million to its corporate venture capital fund NAB Ventures, doubling the funds available to bring the total to $100 million. The fund was launched in 2016 with an initial $50 million to invest over three years. It has backed 12 businesses to date, including property investment startup […]
Financial business management platform PractiFI raises $3 million to establish North American headquarters and take on US
PractiFI, a revolutionary business growth management platform for forward-thinking financial advice firm announced a AUD$3 million investment led by Microequities Venture Capital Fund. The financing will be used to rapidly accelerate PractiFI’s global strategy, establishing a North American headquarters in Chicago, expanding the US customer success team and building a range of new product integrations […]
Homeloans to fund and use Athena’s new home loan platform
Homeloans Ltd will provide debt funding to Athena Home Loans and has joined Macquarie and SquarePeg as a shareholder of the new home loan platform, which is preparing to launch later this year with technology to link mortgage borrowers directly with super funds and non-bank lenders. Athena, founded by two former National Australia Bank executives, […]
Xplora invests US$1m into BLOCKLOAN
Xplora Capital has announced the purchase of USD $1 million (AUD $1.35 million) worth of tokens from BLOCKLOAN – a new blockchain peer-to-peer lending marketplace. Blockchain and crypto are triggering a societal and economic shift before our eyes. Financial institutions are failing to address the market needs. It’s time for a new solution to old […]
Fintech Skippr scores $16m funding from fintech heavy hitters
Small business financing start-up Skippr has shrugged off concerns that the indefinitely delayed IPO of its venture-backed peer Prospa could put off investors in the sector, by attracting some of the local fintech scene’s biggest hitters to a $16 million debt and equity financing round. Pepper group co-founder and former chief executive Patrick Tuttle and […]
