Any way you slice it, 2017 has been a blockbuster year for zipMoney. The Sydney-based fintech startup – a provider of point-of-sale credit and digital payment services – has been onboarding around 1200 new customers per day, with CEO Larry Diamond attributing this growth to traction with millennials. Significantly, Zip landed the two largest fintech deals […]
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 […]
Sydney fintech startup Waddle is expanding into New Zealand due to strong interest for its cloud-based funding software technology amongst SMEs from the neighbouring nation, its co-founders explained. Founded in 2014 by high-school friends Simon Creighton, Leigh Dunsford and Nathan Andrews, the SME lender integrates with accounting software platforms and provides businesses with a real-time view […]
Changes made to the draft crowdfunding legislation, which will allow private companies to crowdfund equity, will protect investors while reducing costs and red tape for companies, according to advocacy group FinTech Australia The draft crowdfunding legislation was introduced into the Australian Parliament by Treasurer Scott Morrison, yesterday. FinTech Australia expects the legislation to provide a new fund-raising […]
Everyone – whether they’re a business or an individual – needs a great accountant. It’s a relationship that needs to be firmly based upon trust, and it can take years to build that foundation. After all, our financials are a huge part of our lives and our businesses, so we all want to be able […]
Atlassian co-founder and co-CEO Mike Cannon-Brookes has thrown his support behind Brighte, leading the home energy fintech’s $4 million Series A round through his venture capital business Grok Ventures. Based in Sydney, Brighte is a digital credit platform that provides on-the-spot finance for home energy improvements, allowing homeowners to access solar panels, insulation and batteries […]
Government moves to reduce regulatory barriers to challenger banks entering the market should improve access to finance for small business, according to Australian Small Business and Family Enterprise Ombudsman (ASBFEO). The Ombudsman, Kate Carnell, welcomed news that the Treasury is consulting on proposed changes to the Banking Act, which would remove restrictions on the use […]
The growth of SMEs is being significantly restricted by their inability to access credit readily, according to the results of a survey commissioned by fintech lender GetCapital. The Businessloans.com.au Small Business Credit survey was completed by 611 SMEs, defined as businesses with between 5 and 250 FTE and an average minimum revenue between $50,001 and […]
Western Union’s president of global payments, Jean Claude Farah, has indicated the 116-year-old money transfer giant isn’t at risk of being usurped by FinTechs but does realise the value of partnerships, admitting “today, no one can do it on their own”. Farah told Dynamic Business that the global payments industry is undergoing change, citing disruptive […]
Sydney-based fintech startup Spriggy has closed a $2.5 million funding round, which it will invest in evolving its educational pocket money app and bank card and growing out its user base of more than 35,000 parents and children. As part of the round, which was led by Alium Capital with additional funding from Perle Ventures […]
