Category Archives: Fintech Back

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

Stuart Stoyan is FinTech Australia’s new chair

Stuart Stoyan, the founder and CEO of Melbourne-based fintech MoneyPlace, which in 2015 became Australia’s second fully licensed marketplace lending platform, has become FinTech Australia’s new chair. He replaces founding chair Simon Cant who has led the the industry group since November 2015. “It’s been an honour to lead the launch of FinTech Australia and, … Read more

This 19-year-old bitcoin millionaire is travelling the world recruiting an A-team to build an alternative to the ‘corrupt’ world of cryptocurrency

19-year-old Erik Finman became a bitcoin millionaire last year, and now holds multiple millions worth of cryptocurrency. He’s grown disappointed with the current state of cryptocurrency, saying that there are too many scams and too much politics for bitcoin or other current currencies to replace traditional money. That’s why Finman has gathered a bunch of … Read more

The world’s most valuable bitcoin startup just grabbed an ex-Twitter exec to make cryptocurrency more user-friendly

Coinbase just hired former Twitter and Salesforce executive Tina Bhatnagar to improve the company’s customer support. Bhatnagar has two major tasks: to double the size of the company’s support team in three months, and to expand its phone support into a 24/7 service by the second quarter of 2018. It’s the latest step taken by … Read more

LoyaltyX receives $15,000 NSW government grant and eyes ICO with belief crypto is the future of loyalty programs

For startup founder Philip Shelper, the emerging yet volatile cryptocurrency market spells big opportunity for the world of loyalty and rewards programs. “If you look at the history of loyalty programs and similar systems, it went from clay tokens in ancient Egypt, to copper tokens in 1700s America, to stamps in the 1800s, and then … Read more

Blockchain marketplace startup CanYa raises $12 million in Australia’s second-largest initial coin offering

Blockchain-based services marketplace CanYa has completed Australia’s second-largest initial coin offering (ICO), raising $12 million in cryptocurrency Ethereum over a 30-day period via a crowdsale of its CAN tokens. During that period, the 2015-founded startup also completed the acquisition of a majority stake in online bug bounty platform BountySource for an undisclosed amount, taking the platform’s 46,000 … Read more

FINTECH STARTUP AIRWALLEX SEES SERIES A CAPITAL RAISE SOAR TO US$19M AFTER TOP-UP INVESTMENT

Cross-border payments startup Airwallex has received a US$6 million investment from VC firm Square Peg, bringing its total Series A capital raise to US$19 million The Melbourne-based fintech company previously closed its Series A funding round in May, having raised a combined US$13 million from Mastercard, Sequoia Capital China and the world’s fourth largest internet company, Tencent … Read more

“INNOVATION WILL FLOURISH” IN THE DIGITAL CURRENCY SECTOR AS ANTI-LAUNDERING LAWS PASS

The passage of anti-money laundering legislation through Parliament on Thursday will facilitate further growth in Australia’s local blockchain and digital currency industry, according to local fintech leaders.  The Anti-Money Laundering and Counter-Terrorism Financing Amendment Bill 2017 will extend anti-money laundering and counter-terrorism financing regulation to digital currency exchanges. The legislation requires these exchanges to monitor … Read more