As Australia gears up for the long-awaited changes to equity crowdfunding regulations to come into action, Investec Australia has acquired a 20 percent stake in ‘trans-Tasman’ investment platform Equitise. The deal values the startup at close to $10 million.
The first local funding announcement of the year is here, with Sydney fintech startup CapitalPitch announcing that it has closed a $600,000 seed round led by Aaron Bertinetti and Trevor Folsom, director of Elevation Capital.
When it comes to mathematical education, what’s lacking is real-world maths being taught in schools. Real-world maths teaches kids about managing income, taxes, loans and all the other financial issues individuals face once they leave the safety of school and are no longer under the care of a guardian.
Melbourne FinTech startup Clover, an automated investment advice platform, has announced the raising of a seed funding round by a number of investors including superannuation fund Equipsuper. Though the startup wasn’t willing to reveal the exact amount, Startup Daily was able to confirm that Clover raised over $1 million.
We’ve seen a number of startups emerge in the last few years that help people manage their personal finances via their smartphones – a few notable examples include Mint, Pocketbook and Digit. Although Sydney-based startup MoneyBrilliant isn’t a new market entrant, it has undergone many iterations and is now one of best available because of its UI/UX as well as the volume and type of financial services accounts that can be integrated into the application.
Sydney-based fintech startup zipMoney, described as ‘online lending meets the checkout’, listed on the Australian Securities Exchange (ASX) yesterday after raising $5 million in an oversubscribed reverse takeover of mineral exploration company Rubianna Resources.
Sydney-based startup Simply Wall St, which makes the stock market easier to navigate, has just announced the closing of a $600,000 funding round led by Mike Quinn from Innovation Capital, with participation from Sydney Angels and their Sidecar Fund. This brings the total amount raised by the startup to $700,000, including the original investment from AWI ventures.
In the words of Benjamin Franklin, a small leak will sink a big ship. The 20c change from the $4 we hand over for a coffee every morning can add up over time but, thinking them useless and wanting to get rid of heavy coins, most of us routinely waste our change.
In some ways, the Acorns app is the smartphone equivalent of the piggy bank. But there’s an additional element. It allows people to round up their daily purchases and automatically invest their virtual spare change into a diversified portfolio of index funds.
Sydney-based FinTech startup Afterpay allows online consumers to pay for their purchase after they’ve received it and decided to keep it.
Entrepreneurs Al Bentley and Nick van den Berg were just as lost when trying to decode the stock market enigma, which is why they decided it was time for a startup-style intervention. Launched last month, their FinTech startup Simply Wall St was designed to make the stock market easier to navigate for Gen-Y investors who are new to the game.
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