Investing

Dec
16

Ellerston Capital plans VC fund to target disruptive technologies

The Ashok Jacob-chaired Ellerston Capital plans to raise tens of millions of dollars early next year for a new venture capital fund, to be known as Ellerston Ventures, which will invest in ­disruptive technologies. Ellerston — which has more than $4 billion under management and runs eight funds ­including a new Asian listed investment company […]

By Cameron Dart | FinTech . Investing . Venture Capital
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Dec
15

More Aussie funds available for fintech start-ups

Australian fintechs say despite Atlassian choosing Nasdaq to make its $8 billion raising, Australia is becoming one of the biggest sources of funding for them with Prime Minister Malcolm Turnbull an important catalyst. “This is our fourth year. Four years ago we talked to a number of Australian investment groups and there was very limited […]

By Cameron Dart | FinTech . Investing . Venture Capital
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First State Super commits $250m to fintech

Speaking at Sydney fintech hub Stone & Chalk yesterday, Prime Minister Turnbull said the $250 million partnership between First State Super and H2 Ventures “recognises there has been an insufficient appetite to date for this type of risk in Australia”. “But that is changing. There is $2 trillion in superannuation assets. As we start to […]

By Cameron Dart | FinTech . Investing . Venture Capital
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Dec
08

Fintech raises over $500,000 as it gears up for advice service expansion

Australian fintech and wealth manager, BigFuture, has completed a $520,000 capital raising as it looks to build its service capabilities. Co-founded by Michael Clancy, chief executive of Qantas Super, BigFuture’s cloud-based application allows users to view a “one page snapshot” of their financial position, improve their financial literacy and plan for their financial future. The […]

By Cameron Dart | FinTech . Investing
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Nov
16

Rakuten creates $US 100 million global fintech venture fund

Rakuten, a Japanese internet giant, has announced the creation of a $140 million fund to invest in financial technology companies around the world. Australians may know Rakuten best through Viber, which it acquired for $US 900 million last year. The company has already made several investments in the fintech space – like Currency Cloud, WePay […]

By Cameron Dart | FinTech . Investing
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Nov
10

Mutuals looking to fintech: KPMG

Australian mutuals are embracing innovation and fintech start-ups at an elevated pace, with 62 per cent indicating a willingness to invest in new technologies to improve their business, says KPMG. A recent KPMG survey, Mutuals Industry Review 2015: Time to take off, found that 62 per cent of Australia’s credit unions, building societies and mutual […]

By Cameron Dart | FinTech . Investing
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Oct
30

Bitcoin lures as investors fret over uncertain markets

Investors appear to be increasingly turning towards bitcoins, rather than gold, as the best way to protect themselves against unpredictable financial markets. Worries that the US Federal Reserve could make good on its threat to raise interest rates before the end of the year pushed gold to a three-week low overnight, with the price of […]

By Cameron Dart | Bitcoin . FinTech . Investing
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Oct
29

Has fintech dropped the brand awareness ball?

Has fintech dropped the ball when it comes to brand building? Have we spent too much time developing great products and not enough time spruiking them? If recent research by East & Partners is anything to go by, then yes, yes we have. The study found 39 per cent of micro and SME businesses couldn’t […]

By Cameron Dart | Banking . FinTech . Investing
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