Category Archives: Finance Back

Australian startup Spacer just raised $2.7 million then acquired a rival

Storage startup Spacer has secured a $2.7 million series A capital raising round and acquired parking space rival Parkhound. Parkhound’s founders had last year rejected three investment offers on the Ten Network’s Shark Tank television show. This time they agreed to terms with Spacer for an undisclosed amount. The platform, with 55,000 members and 10,000 parking locations … Read more

Here’s fintech’s secret pitch to the RBA to create an Australian dollar cryptocurrency

A group of fintech startups have submitted cases to the Reserve Bank of Australia and the federal Treasury to demonstrate the need for a new government-endorsed Australian dollar cryptocurrency. Business Insider can reveal three fintechs, through industry body FinTech Australia and the government’s Fintech Advisory Group, presented use-cases for a new Digital Australian Dollar – … Read more

No such thing as a free gift : the Gates foundation and the price of philanthropy (book)

Author: Linsey McGoey The charitable sector is one of the fastest-growing industries in the global economy. Nearly half of the more than 85,000 private foundations in the United States have come into being since the year 2000. Just under 5,000 more were established in 2011 alone. This deluge of philanthropy has helped create a world … Read more

The Millenial Money Fix : What You Need to Know About Budgeting, Debt, and Finding Financial Freedom (ebook)

Author: Douglas A. Boneparth Make no mistake—Millennials matter. They are no longer those darn kids, mere children of the rainmakers and game changers. With Baby Boomers entering retirement, they aren’t even kids at all. Their ability to pursue their dreams will drive our economy, and their inability to do so could destroy it. In other … Read more

STUDY LOANS TARGETS $5B STUDENT LOAN MARKET, PLANS TO BUILD $30M LOAN BOOK IN FIRST YEAR

Melbourne-based fintech startup Study Loans has this week launched its responsible student lending service, with $5 million available to Australians seeking to finance their tertiary education. In addition to completing a $2 million seed round to get the business off the ground, Study Loans co-founders Brett Shanley, Mark McCoach and Rhett Simonds raised $5 million debt equity … Read more

LET’S TALK… LATE PAYMENTS

SMEs are vulnerable to late payers in Australia, with Small Business Ombudsman Kate Carnell stating, in April, that larger organisations are using them as a “cheap form of finance”, restricting their growth and causing solvency issues. From calls for legislation to the introduction of a voluntary code to deter late payments, late payments have never been a hotter topic, and … Read more

Acorns Australia chief George Lucas on the challenges facing Aussie fintechs, and the future of the industry

Since launching its fintech offerings early last year, Acorns Australia has been embraced by consumers looking for alternatives to traditional financial institutions, but its chief executive and director George Lucas says Australia still has a way to go to improve innovation and support for startups in the space. Acorns is an app that allows users to … Read more