InPayTech Limited announces Initial Public Offer to raise up to $5 Million
Integrated Payment Technologies Limited (InPayTech) has today announced the launch of its Initial Public Offer (IPO) to raise up to $5 Million including oversubscriptions, and apply to list on the Australian Securities Exchange (ASX). The IPO opens on October 17, 2016 through a prospectus issued by InPayTech and lodged with the Australian Securities and Investments Commission (ASIC) on September 23, 2016. InPayTech is an Australian financial technology company that has created a unique payments process (the Process) in support of Australia’s banking, wealth management and superannuation sectors. InPayTech will capitalise on Government regulation to enhance its business in: Superannuation, via the Single Touch Payroll (STP) initiative of the Australian Taxation […]
Key appointment of CEO at DirectMoney
The Board of DirectMoney is very pleased to announce the appointment of Mr Anthony Nantes to the position of Chief Executive Officer. Former Chief Executive Officer, Mr Peter Beaumont will become the Chief Operating Officer. Mr Nantes brings substantial experience in fintech and technology to the role, which together with his exceptional set of skills will lead and deliver the next phase of the Company’s growth. Mr Anthony Nantes said: “I am excited to have the opportunity to take over the reins of such an outstanding Australian fintech company that has proven capability and has successfully grown through the early stage with a proprietary technology platform foundation that can […]
Valiant announces partnership with Octomedia to launch Inside Small Business LoanConnect
Leading fintech business loan marketplace, Valiant and Inside Small Business publisher Octomedia, announced the official launch of an exclusive partnership to bring business loan solutions to Australia’s small business community. The partnership is a major Australian publishing first which delivers an exclusive business loan search and application portal as a co-branded offer: Inside Small Business LoanConnect. By dynamically accessing Valiant’s panel of 35+ leading lenders, Inside Small Business LoanConnect compares small business owner’s loan requests to the lender’s credit criteria. Matching works instantaneously through Valiant’s proprietary marketplace technology – saving business owner’s time and stress. Valiant Co-founders, Alex Molloy and Richard Cotton expressed excitement for the new […]
UBS invests big in blockchain future
Global investment bank UBS is throwing its resources behind the blockchain’s transformative potential, investigating a range of applications such as smart bonds, cross border payment transactions on the distributed ledger and a digital representation of physical currency. In 2015 the bank opened an innovation lab designed to explore how the blockchain could be used by the financial services sector and how it would disrupt traditional banking models. Now its research will turn into reality. UBS group chief operating officer Axel Lehmann told The Australian Financial Review the blockchain could be “the next internet” in terms of its potential, but there were still questions to be answered. “We don’t want to […]
Australia leads the way in revolutionary blockchain technology
Good news on the #Innovation front! Australia leads the way in developing international standards for blockchain technology. Neil Buckland explains this new technology predicted to revolutionise practically anything! Australia leads the way for incorporated blockchain technology Blockchain technology has been in the news a lot recently. Many industries are even predicting it could be the future for the way in which they operate. Australia has recently received the go-ahead to develop the international standards of the technology; a move which Standards Australia says will create better market confidence and certainty. So what exactly is blockchain technology and how could it aid businesses? Understanding blockchain technology Blockchain technology is most commonly […]
Mutual lender takes equity stake in fintech platform
Beyond Bank Australia has become the fourth customer-owned lender to take an equity stake in growing marketplace lender SocietyOne. The mutual lender yesterday announced it has acquired $1.5 million worth of shares in SocietyOne, as well as agreeing to increase its funding arrangement with the marketplace lender to $10m. G&C Mutual Bank, Maritime, Mining and Power Credit Union and Regional Australia Bank joined SocietyOne’s share register in May this year following the company’s successful $25m capital raising. The move by Beyond Bank Australia to take a stake in SocietyOne follows a long relationship between the two, with Beyond Bank Australia among the first institutions to become a direct SocietyOne investor […]
Financial and technology industry leaders get behind H2Ocean
Australia’s first listed venture company, giving investors a way to access the rapidly emerging fintech sector, has been given a boost with the news that many of Australia’s leading financial services and technology industry figures are supporting the ASX IPO of H2Ocean Limited. Following its official launch by non-other than the Treasurer of Australia, the Hon. Scott Morrison, it has emerged that financial industry heavyweights including: Link Group Chairman Michael Carapiet and Perpetual Guardian founder Andrew Barnes have thrown their support behind the IPO as have technology industry pioneers including: Atlassian co-founder Mike Cannon-Brookes, AfterPay Executive Chairman Anthony Eisen, Ratesetter Australia CEO Daniel Foggo and General Assembly Australia founder Riley Bachelor. “After spending my life in financial […]
How partnerships are driving this fintech lender forward
Small business lender GetCapital is utilising strategic partnerships to benefit its customers. Fintech companies were originally thought of as disruptors, but as the game continues the rules are starting to change. Today, you’re more likely to see banks and corporates building bridges with fintech companies rather than putting up defensive walls. This is the case for GetCapital, a small business lender sharing its reins with business heavyweights such as Qantas and Alibaba. Established in 2013, GetCapital started providing standard small business loans to Australian businesses and has now diversified it to include trade finance and invoice discounting. GetCapital CEO Jamie Osborn says the idea is to provide an online small business […]
