A fintech start-up accelerator has received a $2 million loan guarantee from Jobs for NSW, the state government-backed job creation agency, to access $4 million in funding to grow up to 40 new companies. H2 Ventures will invest $100,000 in each start-up for a 10% equity stake. The start-up accelerator, which has a focus on […]
Buoyed by $8 million in seed funding, Yanir Yakutiel launched a fintech start-up in November, last year, to assist small businesses under-serviced by banks and other traditional lenders. The former finance and shipping expert spoke to Dynamic Business about Sail, including the process of raising capital and its participation in the Tel Aviv Landing Pad […]
GetCapital, a local fintech lender to SMEs, has entered into a strategic partnership that enables it to service the New Zealand market. Jamie Osborn, GetCapital’s founder and CEO, said the expansion into New Zealand was the ‘next logical step’ for the company given its success in Australia. “With the large number of SMEs in […]
Small business owners are each a jack of all trades – they’re CEOs, marketers, sales guns and customer service gurus all rolled into one (somewhat tightly wound) package. With their fingers in so many pies, the challenge becomes keeping on top of the new stuff – the emerging trends and technologies. With that in mind it’s no surprise […]
Fintech investment in the Asia-Pacific has experienced momentous growth, ballooning from around US$880 million in 2014 to almost US$3.5 billion in the first nine months of 2015, according to a recent report from Accenture. Customer expectations are behind much of this investment. Consumers are no longer distinguishing between online and offline worlds—they expect their financial digital […]
CreditSME, a credit scoring and lender match platform, has recently launched in the Australian market and is working with both lenders and borrowers to create a streamlined process for small and medium sized businesses to obtain finance. Partnered with a wide range of lenders, from the major banks to alternative financiers, CreditSME ensures that a suitable financing solution […]
StartupAUS, Australia’s peak advocacy group for startups, welcomed support for Fintech and expansion of the New Enterprise Investment Scheme (NEIS) in the Federal Government’s 2016 budget, but CEO of StartupAUS Alex McCauley believes that overall this budget was a disappointment for startups with few advances on previous measures. McCauley says this budget was a chance for the “Government […]
Entrepreneurs, along with their start-ups and innovative ideas have certainly been discovered as the new ‘best friend’ of the Australian economy – or at least, they have only recently been recognised as such at a governmental level. Welcome to the ideas boom. In December 2015, the National Innovation and Science Agenda (NISA) announced a suite […]
Yes – the Australian government has recently launched the National Innovation and Science Agenda which aims to cultivate Australia’s newest economic pillar: Technology and Innovation. “Welcome to the Ideas Boom” the homepage boldly and proudly states like a gatekeeper of previously untrodden territory. But are these policy changes (welcome as they are) driving this shift, […]
Small business failure rates are alarming – or so we are told. Along every avenue of research an enthusiastic entrepreneur will take, their spark, at some point, will be doused by bold assertions: “8 Out of 10 entrepreneurs who start businesses fail within the first 18 months” (www.forbes.com). For anyone in the throes of a […]
