Australian blockchain-driven startup ShareRing just raised $3.8 million

Sharing economy startup ShareRing has closed a $3.8 million capital raising which will be used to build the development team, app development and marketing strategy. The seed round for the platform aggregating share economy services was raised from friend and family investors in six weeks. ShareRing, founded last year by Tim Bos, Rohan Le Page, … Read more

Fintechs move to provide an alternative to banks

Last week I jointly released, with Fintech Australia and, a research report that outlines the steps to be taken by fintech lenders to increase transparency and disclosure. The report, Fintech lending to small and medium sized (SME) enterprises: Improving transparency and disclosure, analyses the different approaches to disclosure across the fintech industry, and makes recommendations … Read more

Major Adelaide Fringe Festival venue goes cashless with Mint Payments

Listed payment processing technology provider Mint Payments (ASX: MNW) has teamed up with a popular Adelaide Fringe Festival venue to take the festival cashless. Mint Payments is deploying its technology at the Royal Croquet Club, one of the major venues at the Adelaide Fringe Festival; the largest arts festival in the Southern Hemisphere. The iconic … Read more

Data exchange startup Data Republic raises strategic investment from ANZ

As Australia gears up for the open banking regime, ANZ has become the latest bank to invest in secure data exchange startup Data Republic. The amount invested was not disclosed. ANZ stated the investment is part of a wider strategic partnership that will provide the bank with access to the startup’s platform, which allows organisations to … Read more

Lord Mayor of London praises Australia’s “flourishing” fintech scene, plugs support for new ‘bridge’

In a rare visit to Australia last week, the Lord Mayor of London, Alderman Charles Bowman, expressed his full support for the upcoming fintech ‘bridge’ between Australia and UK and praised the local fintech scene as being almost on par with renowned fintech hub London. Speaking to a packed room at co-working and tech startup … Read more

Blockchain startup Havven eyes $31 million in pledged funds for ICO with goal to create crypto’s first “stablecoin”

An Australian blockchain company looking to tackle one of the biggest issues in the cryptocurrency space has received more than $US25 million ($31 million) in pledged funds for its initial coin offering (ICO) at the end of the month. The startup is called Havven, and it is looking to create one of the first successful … Read more

Crypto’s grisly underbelly: CanYa develops own accounting software after finding itself in a compliance “hole”

Australian blockchain marketplace startup CanYa is in the midst of developing its own cryptocurrency-specific accounting software after finding itself in a “accounting and compliance hole” after its initial coin offering (ICO). CanYa offers a blockchain-powered services marketplace where individuals (such as gardeners and crocodile wrestlers) can offer up their services and receive payment in cryptocurrency — either … Read more