Former FPA boss joins fintech group Intiger Asset Management
Mark Rantall, the former chief executive of the Financial Planning Association of Australia, has emerged as the new non-executive chairman of fintech group Intiger Asset Management, which is eyeing a listing on the Australian Securities Exchange. As first revealed by Street Talk, Mr Rantall, who exited the FPA in February, said he left with the “clear objective of taking on non-executive director roles”. He took on the chairman role after a recommendation by fellow adviser Patrick Canion, of ipac WA. Intiger is a fintech group seeking to slash operating costs for advisers and help them compete more efficiently with robo-advice, which is threatening traditional advice models by providing financial plans […]
DigitalX Ltd tests blockchain based app to send money overseas
DigitalX Ltd (ASX:DCC), a blockchain software solutions company is gaining positive feedback from the expanded phase 2 beta-test of its AirPocket money transfer app that was conducted in the U.S. and Dominican Republic. The Phase 2 trial allowed users to transfer money from nine selected states in the U.S. to the Dominican Republic. AirPocket utilises the Bitcoin blockchain technology to transfer money. The majority of the respondents in the beta-test voted that AirPocket was efficient in sending money, and it was easier to receive money using the app than through traditional money transfer channels. The respondents also found the money transfer fees associated with the AirPocket app to be competitive […]
Foster Stockbroking readies KYCkr for ASX boards
Global fintech business KYCkr will meet investors for a proposed initial public offering this month, as it seeks to raise capital for growth. KYCkr has hired Foster Stockbroking to handle the proposed $8 million IPO which, if successful, would value the company at $28 million. KYCkr has a suite of KYC (know your customer) products which help payments companies such as PayPal and Swift gain greater visibility over their customer books. The software is all about enabling payments companies to say in compliance with anti-money laundering and counter terrorism financing legislation. KYCkr is expected to begin marketing the IPO in late April and list before June 30. The offer comes […]
Fintech start-up Afterpay plans ASX listing
Fintech start-up Afterpay — backed by legendary corporate raider Ron Brierley and a host of alumni from his former Guinness Peat Group — plans to list on the Australian Securities Exchange to supercharge growth plans after signing up more than 100 retailers to its online e-commerce product in the past nine months. Afterpay, whose backers include Mr Brierley’s ASX-listed Mercantile Investment Company, LinkedIn Southeast Asia managing director Cliff Rosenberg and Melbourne IVF founder John McBain, plans to raise $25 million in a float that will value the company at about $150m. Mr Brierley’s Mercantile last year bankrolled an $8m capital raising by the company. Mercantile is expected to emerge with […]
MEDIA RELEASE: ASX-listed zipMoney (ZML) first-half results for 2016
MEDIA RELEASE: ASX-listed zipMoney (ZML) are delighted to announce their first-half results for 2016. A brief summary of the key highlights and initiatives: – zipMoney have now hit $20m in total transaction volume on the platform triggering milestone 2 – Results for the half saw $10m in transaction volume with December are highest month ever at $2m; January was up over 30% mom – Revenue for the period was ~$750k and in January alone we achieved $237k up 40% over December – Cash at bank in Dec was $4.2m, or $3.5m after excluding $693k in restricted cash (from the securitisation trust) – Active customers were over 10,000 and merchant partners […]
Blockchain and how it will change everything
In May, British billionaire Richard Branson invited a select posse of entrepreneurs, venture capitalists and technology advisers to his Caribbean residence for an exclusive pow wow on an issue occupying some of the top markets minds in the world. The topic for discussion on the picturesque Necker Island was the “blockchain”. “Every now and then, something comes along that might just change everything. And this is one of those moments,” ASX chief executive Elmer Funke Kupper. In case you’re one of the many yet to wrap your head around the promising technology, blockchain, on a simple level, uses computer code to engender trust in digital-economy transactions. One of the attendees […]
