Shares in fintech Mint Payments are soaring on a Singapore deal
Shares in Mint Payments jumped when the fintech came out of a trading halt to announce a deal with Singapore’s NETS (Network for Electronic Transfers). A short time ago, the shares were up 9% to $0.12. The company went into a trading halt on Friday after being queried by the ASX on the reason for a sharp rise in the company’s share price. NETS is an electronic payments started in 1985 and owned by Singapore banks, DBS Bank, OCBC Bank and UOB. One in three Singaporeans use NETS everyday to make payments. Mint now has a five year-agreement with NETS covering Mint’s payment solutions.Under the deal, Mint will work on […]
Founding Partner of SecondMarket joins PrimaryMarkets
PrimaryMarkets today announces that Philip H. Reicherz, former Partner and Managing Director of SecondMarket (USA), which was an early pioneer in the trading of unlisted shares and warrants, has joined its Advisory Panel. Nick Capp, CEO of PrimaryMarkets said Mr. Reicherz would be an invaluable addition to the Panel given his 20 plus years’ experience in financial services and expertise in developing early stage companies: “Philip was one of the driving forces behind the development of SecondMarket’s accredited and international retail and institutional investor base, many of their illiquid asset markets and current industry standards including documentation for processing off-market transactions. He also assisted buyers and sellers of alternative asset […]
Mutual lender partners with fintech hub Stone & Chalk
Leading mutual lender CUA has announced a corporate partnership with growing fintech hub Stone & Chalk. The partnership with Sydney-based Stone & Chalk will give CUA access to the latest technology ideas and innovations emerging from the hub. CUA general manager of business transformation & technology, Sue Coulter said the entrepreneurs working in Stone & Chalk could “dramatically alter” financial services. “There is no doubt that Stone & Chalk has the potential to dramatically alter the financial services landscape in Australia and CUA is excited to be part of this evolution,” Coulter said. “Since opening its doors only eight months ago, Stone & Chalk has quickly cemented its place as […]
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 […]
Invoice2go launches mobile payments feature in Australia
SYDNEY, April 12th, 2016: Invoice2go, the App Store’s leading invoicing app, has today launched its highly anticipated mobile payments feature allowing small businesses to receive debit and credit card payments, without having to invest in EFTPOS infrastructure. The launch supports Invoice2go’s vision to make it possible for people to run their own business by providing the simplest way to look professional, track their time, improve cash flow and untangle themselves from paperwork. With more than $1 billion invoiced per month globally, and $200 million per month in Australia alone, the new payments feature, powered by Stripe Connect, is positioned to immediately help Australian business owners across all industries get paid […]
US giant buys Canberra online transaction business eWAY for $US50m
Canberra multimillionaire Matt Bullock has sold his online transaction company for more than a thousand times the money in his bank when he started it. When the Pearce man developed eWAY 18 years ago, he had $50,000 to his name. On Friday, he sold it to American payment technology services giant Global Payments for $US50 million. Understandably, Mr Bullock feels a great sense of achievement from his brainchild that grew to doing 5.8 billion online purchases last year, or about a quarter of all internet transactions in Australia. “What this shows is that you can do anything in Canberra,” he said. “It is a beautiful place and there are a […]
Australia-Korea Business Council event with Senior Trade Commissioner Brett Cooper
Australia-Korea Business Council members and guests are invited to join us on Friday the 15th of April to hear from Brett Cooper, Senior Trade Commissioner Korea. Brett Cooper will provide an informal update on the Australia-Korea trade and investment relationship. Date: Friday 15 April 2016 Time: 7.30am – 8.30am Venue: Ernst &Young, Level 33, 680 George Street, Sydney Cost: Free A light breakfast will be provided. Limited places available. RSVP essential to [email protected] There are strong growth opportunities between Australia and Korea in the Fintech sector so this event is worthwhile attending. And for more information please click here.
Australians doing business in China
Trade Minister Steve Ciobo will lead one of the country’s largest business delegations ever assembled to Australia Week in China, this year held across several Chinese cities. The aim is to highlight commercial opportunities in various business sectors, ranging from agribusiness and finance to education and food. We asked four Australian executives doing business with and living in China five questions. They share the challenges and the opportunities of doing business in China, as well as the importance of “guanxi” — a concept largely credited to the Chinese and their approach to networking and relationships. What inspired you to do business in China? China is one of largest and most […]
