Queensland blockchain startup TravelbyBit just won a $3.5 million investment from global cryptocurrency exchange Binance

Global cryptocurrency exchange Binance just invested $US2.5 million ($A3.48 million) in TravelbyBit, an Australian blockchain payments provider for the travel industry. The two will work together to introduce a point-of-sale (POS) payment system, incorporating blockchain technology, into major airports around the world. Queensland-based TravelbyBit enablises merchants to accept payments in digital currencies such as Bitcoin … Read more

Australians are embracing fintech as they move away from traditional payment solutions: Research

Australian appetite for fintech services is on the up, with non-bank contactless or card-less mobile payment solutions now being used more than bank-owned payment solutions, according to recent research from market research company Roy Morgan. The Roy Morgan Digital Payment Solutions Currency Report, which is based on more than 50,000 consumer interviews, suggests fintechs, including startups, are … Read more

Post-capitalist entrepreneurship : startups for the 99% (book)

Author: Boyd Cohen This book details the implications of the post-capitalist society on entrepreneurship around the globe, and it challenges many of our underlying assumptions about how entrepreneurs form startups and the objectives and roles, or lack thereof, of startup investors in a post-capitalist society. The author explores real emerging stories about different forms of … Read more

Cryptoassets : the innovative investor’s guide to bitcoin and beyond (book)

Authors: Chris Burniske & Jack Tatar With the rise of bitcoin and blockchain technology, investors can capitalize on the greatest investment opportunity since the Internet. Bitcoin was the first cryptoasset, but today there are over 800 and counting, including ether, ripple, litecoin, monero, and more. This clear, concise, and accessible guide from two industry insiders … Read more

Bundaberg-born fintech founder is leading the latest Aussie unicorn, but says he’s still a “farmer at heart”

Stephanie Palmer-Derrien – SmartCompany – 24 July 2018 Supply chain financing startup Greensill has landed the title of Australia’s latest unicorn, having completed a $US250 million ($338.86 million) capital raise that values the Australian-founded fintech at $US1.64 billion ($2.22 billion). The investment comes from US growth equity firm General Atlantic, which has taken a minority … Read more

FRED SCHEBESTA FINDS NEW OPPORTUNITIES IN CRYPTOCURRENCY

Gali Blacher – Dynamic Business – 20 July 2018 Fred Schebesta, founder of Finder.com, is doing some incredible things at the moment, with the launch of a new broker service for big cryptocurrency trades, HiveEx.com, which has already processed about $15 million in trades since launching in February. Schebesta started his entrepreneurial journey in his early twenties … Read more

Melbourne fintech Airwallex raises US$80 million to push international expansion

Melbourne-based fintech startup Airwallex has raised US$80 million ($109 million) in a Series B funding round, the second largest for an Australian startup to date. The backing came from existing investors Tencent and Sequoia China, with participation from Chinese firm Hillhouse, Hong Kong’s Horizon Ventures, Central Capital Ventura from Indonesia, and Australian venture capital firm … Read more

Six Aussie fintech lenders sign on to code of practice to help SMEs get better loans

A raft of Australian fintechs have signed a newly minted code of practice to improve transparency and bolster confidence in the small business lending space. Released on Friday, the code was formulated and backed by Australia’s Small Business Ombudsman Kate Carnell, the Australian Finance Industry Association (AFIA), FinTech Australia, and lending advisory and SME advocate thebankdoctor.org, operated … Read more