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
Category Archives: Fintech Back
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
One of the world’s largest crypto-exchanges Huobi Global is coming to Australia
Huobi Global, one of the world’s biggest crypto-exchanges, is preparing to launch in Australia, and Adrian Harrison, chief of the local operation, says the forward-thinking regulatory landscape here puts the country at the forefront of the crypto-movement. Domiciled in Singapore, Huobi provides exchange trading for cryptocurrencies, with 150 coin pairings available. According to Harrison, the … Read more
The new Aussie bank that’s planning to give the big four a run for their money
Amidst the ongoing controversy arising from the Royal Commission into the financial services industry, and decreased public approval of Australia’s major banks, a new online-only bank has thrown its hat into the ring to provide something different. Called 86 400, named after the number of seconds in a day, the bank is looking to lure … Read more
Melbourne fintech Credit Clear raises $8.5 million to expand payment collection platform
Melbourne fintech company Credit Clear, which automates the process of requesting payments from customers, has raised $8.5 million in funding from investors including Regal Funds Management and Alex Waislitz of Thorney Technologies. Founded by Lewis Romano in 2016, the startup helps companies send messages requesting payments from customers through avenues such as email, SMS, and Facebook … Read more
Australian and Chinese entrepreneurs join forces to disrupt the blockchain market
Blockchain, the original and leading tech structure which is behind crypto mainstay Bitcoin, has met its match in a newer and simpler tech platform created in collaboration between Australian and Chinese entrepreneurs. Australian based TrustNote Foundation and Chinese entrepreneurs from the Achain Foundation have teamed up to created TrustNote, a Directed Acyclic Graph (DAG) based … Read more
Need templated forms, business plan samples or industry reports? Check out ProQuest Entrepreneurship Database!
Members of the Business Studio now have access to the full version of the ProQuest Entrepreneurship Database! This database bridges theory with practice, covering a wide spectrum of resources useful to educators, researchers, students and practitioners. Content ranges from the scholarly – including journals, dissertations, working papers and conference proceedings – to a full toolkit … Read more
Top investors gambled $16 million on the blockchain equivalent of Beanie Babies. Now, sales are plummeting
In March, investors including Andreessen Horowitz and Union Square Ventures gave a total of $US12 million ($AU16.12 million) to CryptoKitties, a blockchain game for digital collectibles. According to data from blockchain analytics sites, the number of CryptoKitties transactions are a fraction of what they were in December. CryptoKitties cofounder Bryce Bladon says the livelihood of … Read more
Fintech startup HashChing has launched an equity crowdfunding campaign
Mortgage marketplace startup HashChing, a fintch startup disrupting the monopoly of the big banks, has launched an equity crowdfunding campaign. It’s currently live on the Equitise platform, which has one of the seven crowdfunding licences issued for the first time this year. HashChing, which is seeking between $1 million and $5 million, has so far raised … Read more
How this fintech startup chief facilitated $50 million in Australian business loans without stepping foot in the country
Business loan marketplace Lending Express launched in Australia in 2016, and since then it’s facilitated $50 million in small business loans. But it was only last month that co-founder and chief executive Eden Amirav first set foot on Australian soil. Now the Israeli startup has secured $US2.8 million ($3.7 million) in funding, Amirav has plans … Read more