Australian island Great Keppel Island is set for a tech rejuvenation, backed by blockchain technology and the sale of its own coin offering. Through a security token offering (STO), investors will be able to purchase Great Keppel Island tokens (GKT tokens), each worth one billionth of the island. Tim Sommers, founder of Royalti Blockchain Group … Read more
Category Archives: Fintech Back
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
The Australian fintech getting rid of the mortgage brokers
Chris Pash – Business Insider – 19 July 2018 Fintech Joust connects home loan customers directly to more than 20 lenders, saving time and money. The startup aims to disrupt the mortgage broker channel. Real-time auction platform drives competition and transparency to deliver lower interest rates. Joust, an Adelaide fintech which cuts out … 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
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