ETF – exchange traded funds – have become a popular investment since OG fintech entrepreneur Graham Tuckwell pioneered the sector in Australia more than 20 years ago. The local market grew by more than 30% last year to around $250 billion, but a decade has passed since a new player appeared on the seen bearing… Read more »
A blockchain financial infrastructure startup has raised $14 million in a Series A, including $11m worth in Bitcoin and the stablecoin USDT. The raise for CloudTech will fund the rollout of an institutional-grade custody solution for digital assets, as well as expansion of a broader crypto-native financial ecosystem. The funding came from several undisclosed investors.… Read more »
It’s Day 1 of the international travelling roadshow that is Money 20/20 and the European iteration, held at the cavernous RAI exhibition centre in Amsterdam, is on a mission to the outer edges of the conference stratosphere in terms of scale and size. Seriously, some of the exhibitor booths are bigger and much more expensively… Read more »
Superannuation and share trading platform Superhero has pocketed $11 million in fresh capital, which increasing its valuation by $22.5 million in just three months. The new cash comes after a $3 million raise in February at a $125.5 million valuation. All up, the business has now taken on around $70 million in external capital and… Read more »
Corporate regulator the Australian Securities and Investment Commission (ASIC) is hoping it’s a case of third time lucky is its legal battle with cryptocurrency platform Block Earner, and will seek special leave from the High Court to appeal last month’s Full Federal Court decision to dismiss their case. ASIC is seeking a High Court’s ruling… Read more »
A fintech startup developed through the Macquarie University Incubator program is hoping to carve out a slice of Australia’s Exchange Traded Fund (ETF) market offering lower fees and access to US markets. ETF Shares is the first new player in the local ETF market in more than a decade, launching this month after just six… Read more »
Payments platform Airwallex has finalised a $232 million (US$150m) Series F funding round at an eye-watering $9.6 billion (US$6.2 billion) valuation. The company – which was founded in Melbourne but is now headquartered in Singapore – has already dinged the $1 billion annualised revenue mark and is on the hunt to keep expanding its global… Read more »
An R&D finance fintech based on Queensland’s Sunshine Coast has raised $2.3 million towards a $25 million fund to lend as non-dilutive capital to Australian startups. Founder Alex Knight moved home to Coolum three years ago to raise a family, having previously worked at crowdfunding platform VentureCrowd and debt financier Tractor Ventures, having also invested… Read more »
More than 100 fintech leaders have signed a letter to both the Labor government and Coalition opposition ahead of the May 3 election calling on them to live up to promises made in previous campaigns for reform in financial services, saying the sector’s growth is being hampered by “policy inertia”. Issues such as crypto and… Read more »
Fintech WeMoney has exceeded plans announced less than 12 months ago to raise $10 million, banking $12m in its latest Series A round. Ironically for a startup that bills itself as a “financial wellness platform” to help people reduce their debts, the round was led by Perth online casino entrepreneur Laurence Escalante via his family… Read more »
Embedded finance platform Shaype has teamed up with UK fintech ANNA Money to launch Australia’s first AI-powered finance “super app” for startups and small business. The app will act as a single financial co-pilot, consolidating everything from business banking to tax, expenses, company formation and cards. The collaboration also launches ANNA (Absolutely No Nonsense Admin)… Read more »
As I sat at the second ever Systemic Investing Summit in London in March, among 180 hand-picked global wealth holders and controllers, philanthropists, academics and industry practitioners, one disturbing image kept coming to mind. While we discussed innovative financing models and systemic approaches to capital deployment that could save humanity from collapse, I couldn’t shake… Read more »
The founder of fintech PocketSmith believes ordinary Australians should be prioritised by the federal government through the Consumer Data Right (CDR) to address cost-of-living pressures. The call, by cofounder and CEO Jason Leong, follows a record 859 pre-Budget submissions to the Commonwealth Treasury, up from 789 last year, with more than a quarter highlighting the… Read more »
FinTech Australia is calling for an urgent recalibration of Research and Development tax incentives (RDTI) and the Early Stage Venture Capital Limited Partnership (ESVCLP) Program in its submission to treasurer Jim Chalmers ahead of the federal budget next week The peak body’s 21-page pre-Budget submission makes 11 recommendations to Treasury, arguing that with the right… Read more »
A B2B platform enabling financial advisers to securely access, trade, and manage digital assets on behalf of their clients has raised $2.3 Million in a pre-Series A. Digital currency exchange BetterX provides institutional-grade infrastructure for tokenisation, trading, and portfolio management, and the round was supported by existing backers Aura Group and Tibra cofounder Kinsey Cotton,… Read more »
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