Tagged: australia

Australian Banking Group Westpac Partners With Coupa to Help SMEs Get Paid Faster

Australian banking group Westpac announced on Tuesday it has teamed up with Business Spend Management (BSM) company Coupe to help businesses more efficiently manage their spending within a comprehensive cloud platform. Westpac reported that through the partnership both it and Coupe will enable customers to… Read More

Accenture Set to Acquire Australian Analytics & Data Specialist Analytics8

Accenture (NYSE: ACN) announced on Thursday it has entered into an agreement to acquire Analytics8, a privately held Australian big data and analytics consultancy that specializes in data management, reporting, and visualization, data science and analytics services. According to Accenture, Analytics8 provides data and analytics… Read More

Fintech Unicorn TransferWise Launches Debit Mastercard in Australia & New Zealand

Fintech Unicorn and stealth bank Transferwise announced on Wednesday it is launching its debit Mastercard services in Australia and New Zealand.  Transferwise reported that its Platinum debit Mastercard has helped more than 250,000 in the UK, the U.S., and Europe avoid hidden bank fees when… Read More

Cryptocurrency Dealers Courting Australian Self-Managed Retirement Fund Investors and Advisors

“Australia happens to be the only developed country where retirement money, superannuation money, can very easily be invested into cryptocurrencies,” Zebpay crypto exchange CEO Ajeet Khurana told a Financial Review reporter recently. Zebpay, a cryptocurrency exchange, announced last year that it was shutting down in response to… Read More

Australian Police Break Up Alleged $2.7 Million Fraudulent Crypto Investment Ring

Two women, aged 28 and 21, and three men, aged 56, 44 and 33 years, have been charged with fraud and money laundering by Queensland, Australia’s Financial and Cyber Crime Group (State Crime Command), for allegedly pervading a fraudulent cryptocurrency investment scheme from the Gold Coast… Read More

Prospa Establish NZ Warehouse Facility, Shares Rise on ASX

Online lender Prospa Group Limited (ASX: PGL) has established its first warehouse facility specifically to fund New Zealand small business loans. According to a note from Prospa, the 3-year facility has an initial capacity of NZ $45 million. Prospa currently provides access to capital in… Read More

Media Giant Fox Acquires Fintech Credible for $340 Million

Fox Corporation (Nasdaq: FOXA, FOX) has acquired 67% of Fintech Credible Labs (ASX: CRD), according to a statement by Fox. The acquisition represents a 31% premium to the prior day share price. Fox is purchasing the shares for USD $265 million and has committed  USD… Read More

Australian SME Challenger Bank Judo Raises $400 Million Through latest Equity Raising

Judo Bank (formerly Judo Capital), an Australian SME challenger bank, announced last week it has finalized its second-round equity raising at $400 million, which is double the initial target of $200 million. This latest equity raise combines follow-on investment from Judo Bank’s existing shareholders, including… Read More

In First 18 Months, Equity Crowdfunding Tops $30 Million in Australia

In 2018, investment crowdfunding rules were improved after years of debate and discussion between industry leaders and politicians. Frequently referred to as  “crowd-sourced funding” in Australia, in brief, the rules now allow for an issuer to raise up to $5 million in an online offering… Read More

Australian Couple Lost $900 000 AUD in Retirement Savings to Crypto Scam

An Australian couple in the 70’s have lost their entire retirement savings -$900 000- in a cryptocurrency scam, 7News reports. “That was the whole of our superannuation – That’s now gone,” Mike Taylor told the outlet. Mike and Karen Taylor were traveling Australia in a… Read More

BitFunder and WeExchange CEO, Jon Montroll, Sentenced to 14 Months for Fraud and Obstruction of Justice

Jon Montroll, operator of two online crypto investment schemes, WeExchange Australia and BitFunder, has been sentenced to 14 months in prison for fraud and obstruction of justice. Montroll, 38, of Saginaw, Texas, has also been ordered to pay restitution of $167, 480 USD and will… Read More

FinTech Australia Reappoints Alan Tsen As Chair & Introduces New Director Roles

FinTech Australia, the leading advocacy group for financial innovation in Australia, announced last week it has reappointed Alan Tsen as Chair and several new board members, as part of a broader restructure of the organization. According to FinTech Australia, Tsen’s appointment serves as his second… Read More

Reserve Bank of Australia Governor Says Facebook’s Libra Coin Some Distance from Full Implementation on Compliance Side

Reserve Bank of Australia chief Philip Lowe told participants in a Q&A session June 20th that he does not expect Facebook’s new Libra cryptocurrency network to be fully implemented any time soon. “There’s a lot of water under the bridge before Facebook’s proposal becomes something… Read More

FinTech Australia Introduces New Membership Structure

FinTech Australia, the leading advocacy group for financial innovation in Australia, announced on Wednesday the new membership structure of its platform. The organization revealed it has been structured to offer maximum value to our members and at the same time, empower us to do more… Read More

Power Ledger to Deploy Peer to Peer Energing Trading with E-Next Using Blockchain

Australian technology company Power Ledger has developed a blockchain-enabled renewable energy trading platform. The company that previously won Sir Richard Branson’s global Extreme Tech Challenge award, has partnered with E-Next to make renewable energy peer-to-peer trading available in Austria for the first time. E-Next, with… Read More

Jason Calacanis’ Launch Festival Takes Place in Sydney Australia this Week

In partnership with the NSW Government, Sydney Launch Festival opens this week to give NSW startups a chance to pitch their startups t to a global audience and learn from the world’s top startup founders and investors. Launch Festival is the creation of Jason Calacanis…. Read More

FinTech Australia Announces 2019 Finnies Award Winners

FinTech Australia has announced the winners of the 2019 Finnies Awards. As previously reported, there were 237 submissions this year, across all 19 award categories and the number of submissions was up 30%. This year’s event, which will be held in Melbourne for the first… Read More

Down Under: Digital Bank Revolut Launches in Australia as Expansion Outside of Europe Starts

Digital bank Revolut has traveled half-way around the world to set up operations in Australia with an office in Melbourne. This is the first step by Revolut to provide banking services beyond European borders. According to a release from Revolut, the digital bank is operating… Read More

BDO Australia Offers Audit Services to Blockchain Sector in a Move that May Attract More Institutional Investors

BDO Australia has formed a partnership with Decentralised Capital to provide auditing and assurance services to the blockchain and crypto asset sector. The move was described as likely to boost institutional interest in the emerging sector of Fintech. Decentralised Capital is a specialist blockchain firm… Read More

Afterpay Announces New Partnerships With Levi’s, Ray-Ban, O’Neill, & Tarte Cosmetics

Afterpay, a digital platform that offers interest-free installment plans for online purchases, announced on Wednesday it has formed new partnerships with Levi’s, Ray-Ban, O’Neill, and Tarte Cosmetics, among many other brands and retailers in the U.S. Afterpay reported that since launching in the country just… Read More

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