Investing

Oct
27

Peer-to-peer lenders attract investors with double-digit returns

Savers are earning almost 10 per cent a year by lending online through banking’s answer to eBay. Peer to peer or P2P lenders, to use their cyber-savvy name, are auction sites for potential lenders and borrowers who bid an amount and an interest rate. The biggest are RateSetter​, aimed at ordinary investors, and SocietyOne​, which […]

By Cameron Dart | Banking . Borrowing . FinTech . Investing . Peer-to-Peer
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Oct
27

Banks back focus on technology skills, start-up investor tax incentives

A federal Liberal MP says the government is considering effectively abolishing capital gains tax for investments in very-early-stage companies. Federal Liberal MP David Coleman, a former technology entrepreneur and venture capital investor, says the government’s innovation statement is considering changes to the tax system to encourage investment in start-up companies and seek to lift technology […]

By Cameron Dart | Banking . FinTech . Investing . Venture Capital
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Oct
21

Turnbull promises national digital identity, fintech committee

The federal government has adopted the majority of recommendations made in last year’s financial systems inquiry report, promising to deliver a national federated digital identity framework and a public-private sector innovation committee for the financial sector. In its long-awaited response to the December 2014 report, tabled today, the federal government also said it would ask […]

By Cameron Dart | FinTech . Investing
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Stone & Chalk rides the fintech disruption wave

The launch for fintech hub Stone & Chalk was oversubscribed. By 7pm, 500 people had descended on the party, donning coloured T-shirts to signal where they belonged. Red T-shirts designated institutional sponsors, green was for resident start-ups, charcoal for friends, blue for government and pink for media (funny). The happiest people wore green. The 120 […]

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Oct
15

First State Super to expand VC platform

First State Super chief investment officer Richard Brandweiner spoke about his fund’s continuing investment in venture capital at the H2 Ventures Fintech Expo in Sydney yesterday. The $52 billion super fund announced a $110 million investment in technology venture capital firm Blackbird Ventures in September 2015 alongside Hostplus, which made a smaller contribution. Mr Brandweiner […]

By Cameron Dart | FinTech . Investing . Venture Capital
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Oct
14

Lend2Fund lured to London by friendly fintech regulation

One of the10 fintech start-ups that joined a UK Trade & Investment delegation to London last month has decided to relocate there, suggesting governments and regulators need to lift their game to keep entrepreneurial talent in Australia. Lend2Fund, a marketplace lender for commercial property deals, says Britain’s financial regulator, the Financial Conduct Authority, is more […]

By Cameron Dart | Borrowing . FinTech . Investing
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Oct
14

Melbourne fintechs rival Sydney, but help needed

Melbourne peer-to-peer lender MoneyPlace has identified a rash of new fintechs that have started up in the city in the past five years, but argues they in danger of being lured offshore without government help. The first survey of Melbourne’s fintech scene by the lender’s founder Stuart Stoyan has uncovered more than 500 people being […]

By Cameron Dart | FinTech . Investing . Peer-to-Peer . Sydney FinTech
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Oct
12

Fintech firm GetCapital ties up with China’s Alibaba | The Australian

In its last financial year, Chinese e-commerce giant Alibaba generated $US394 billion ($537bn) of transactions on its platforms as businesses around the world sourced and sold a bewildering range of goods. It is the sort of number that has not been missed by the swarm of new fintech (financial technology) companies scouring for partners to […]

By Cameron Dart | Borrowing . FinTech . Investing
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