Category Archives: Finance Back

Auckland-based fintech Vend appoints former Yelp director Dave Scheine as APAC Country Manager

Auckland-based point-of-sale (POS) and retail management software fintech Vend has announced the appointment of former Yelp director Dave Scheine as the company’s new country manager for Asia-Pacific. According to Vend, the appointment comes as a part of the company’s strategy to grow its presence regionally, expanding upon its global sales team and forwarding its position … Read more

TIRED OF ‘DRAWING THE SHORT STRAW’, EASYSHARE’S FOUNDER AUTOMATED SHARE HOUSE BILL PAYMENTS

Sydney-based fintech startup easyshare has launched its rent and bill payment mobile app following a successful pilot phase, which saw it process over $10m in payments for a thousand early users. John Bush, who founded easyshare in 2014, spoke to Dynamic Business about his company’s early success. DB: WHAT MOTIVATED YOU TO LAUNCH EASYSHARE? Bush: I was in … Read more

HEADED FOR FINANCIAL TROUBLE? SPOTTING THE WARNING SIGNS COULD MAKE ALL THE DIFFERENCE

Business insolvency is a very real risk for many small businesses but countless business owners are not spotting warning signs early enough. The reality is that around 60% of businesses don’t make it past the first three years, which is why business owners should seek help early on to ensure their financial health. But first, … Read more

Parliamentarians eager to “press the accelerator” on blockchain adoption with new bipartisan group

Federal Labor and Liberal parliamentarians have put political differences aside and joined forces to support Australia’s burgeoning blockchain sector, with the first meeting of the Parliamentary Friends of Blockchain group held in Canberra this week. The development comes as the value of bitcoin — a digital ‘cryptocurrency‘ built on the blockchain — is currently experiencing record highs, with … Read more

Sydney fintech ZipMoney just raised $40 million from Westpac

ydney fintech startup ZipMoney has landed a $40 million investment from Westpac. The round, announced on the ASX on Monday morning, includes $40 million cash upfront and a further $8 million in future performance-dependent funding. ZipMoney’s deal immediately becomes the third largest capital raising in the Australian tech sector this year, behind online conveyancer PEXA’s $64.7 … Read more

NO BONUSES FOR CEO IAN NAREV AND COMMBANK EXECS IN WAKE OF MONEY LAUNDERING SCANDAL

BONUSES for Commonwealth Bank CEO Ian Narev and senior executives have been cut to zero in the wake of the money laundering scandal that hit the bank last week. As the Commonwealth Bank (ASX: CBA) moves into overdrive to repair its reputational damage, company chair Catherine Livingstone said the board had full confidence in Narev. … Read more

ASF SAYS IT WAS NOT CONSULTED ON SHOCK DECISION TO SCUPPER ITS GOLD COAST CASINO PROJECT

THE company behind the planned new Gold Coast Casino and resort complex has hit out at the Queensland Government’s shock decision to terminate the contract and is looking at options to find ‘a suitable and equitable solution to the matter’. ASF, a Chinese-backed consortium which is ASX listed (ASX: AFA), has spent an estimated $30 … Read more

Australian solar-powered security startup Spectur just raised $4.5 million in an IPO

Shares in solar-powered internet of things startup Spectur began trading on the ASX today, after a $4.5 million IPO. The Perth company, which produces high-definition security camera networks that are internet-connected using 3G or 4G mobile, listed at 20 cents, giving it a market capitalisation of $8.2 million. Spectur managing director Peter Holton said that … Read more

Australia leads non-core markets in fintech investment deals, but what does the sector need to grow?

Australia has emerged alongside Brazil as a leading fintech market after facilitating the largest fintech investment deals outside of the core markets of Asia, Europe and North America in the past 12 months, a report from CB Insights has found. The Global Fintech Trends report analysed global trends and found that half of the 10 largest fintech deals outside … Read more