The Invoice Market appoints Head of National Sales and Referral Partnerships
Peer-to-peer alternative financier The Invoice Market (tim) has strengthened its senior executive team with the strategic appointment of Bernie Kelly as Head of National Sales and Referral Partnerships. Kelly comes to tim with an impressive track record of establishing financial services businesses and designing financial product solutions around the globe. Most recently he was Managing Director, International Operations for PolicyLink. In this position, Kelly grew the business, captured significant market share, and successfully negotiated exclusive strategic alliances with international asset managers, investment banks and global life companies. In commenting on the appointment, tim CEO, Angus Sedgwick said “I’ve known and worked with Bernie over the past 25 years. […]
Aussie FinTech Octet goes global with new partner in China
Octet, a global financial technology company, has welcomed Asiafactor (CN) Limited as the latest licensee of the Octet platform. A successful Chinese supply chain finance organisation, Asiafactor will leverage Octet’s revolutionary supply chain management and financing platform to enable its customers to manage and pay international suppliers, saving time and freeing up their cashflow. Asiafactor will offer the Octet-enabled platform to serve both existing domestic small to medium enterprises, as well as to a vast range of prospective exporters throughout China. Customers leveraging the platform will be able to use their existing credit cards or other financing facilities to pay global suppliers at competitive exchange rates, removing the need for […]
Cuscal takes c11% stake in software development company Moroku
Cuscal and Moroku, a Sydney-based developer of mobile banking and payments software, have agreed terms which see Cuscal take a circa 11% stake in Moroku and a seat on its Board. Cuscal’s investment is part of a broader capital raising by Moroku. Moroku was founded in 2012 by Colin Weir and Dave Durbin. Its main business is creating immersive digital experiences to help banks connect better with customers, so increasing their competitiveness and ability to acquire more customers. In the financial services area Moroku has already developed two innovative products: Game System – a platform for next generation financial services applications that employs motivational theory and gamification to build financial […]
Fintech ChimpChange has $15m IPO
It’s the latest fintech outfit looking to list on the local bourse, but ChimpChange’s founder and chief Ash Shilkin reckons he has the right mix of executive talent and runs on the board to ensure a smooth landing on the stock exchange. The company, founded in 2012, lets users transfer money instantly between accounts using mobile phone numbers and the MasterCard network. It boasts former Westpac chief operating officer Peter Clare as chairman and is focused on the US market where local banks charge high fees for transferring money electronically. With a $15 million IPO in the offing, ChimpChange’s immediate focus is on spreading the message as far and wide […]
DigitalX announces deal with global telco Telefónica
ASX ANNOUNCEMENT: DigitalX Limited (ASX:DCC and “the Company”) is pleased to announce that Telefónica Internacional S.A.U. (“Telefónica”) is the Company’s first strategic partner in Latin America following the successful integration of the DigitalX AirPocket App into Telefónica’s network. The mobile phone giant signed a marketing, distribution and sales agreement with DigitalX, which was announced to the market via the ASX on 17 February 2016, that will give Telefónica’s Latin American customers access to DigitalX’s unique value transfer and remittance application, AirPocket. Telefónica, which has nearly 232 million telecommunication access points in Latin America, is one of the largest telcos in the region and is among the top five biggest telecommunications […]
OFX celebrates a momentous $100bn transfers internationally milestone
MEDIA RELEASE: OFX, Australia’s leading international payments provider and Fintech leader, have today announced a significant milestone in their transaction history, reaching $100bn in international transfers since launching nearly 18 years ago. The announcement follows CEO Richard Kimber’s first financial year results, revealing the company exceeded $100m in profit for FY16. In the process of notching up their billion-dollar century, OFX have helped customers with more than 5 million bank-to-bank transfers. An estimated 31,000 properties have been bought or funded, over 10 thousand students supported and countless other weird and wonderful things financed. Whether it’s blocks of Italian marble for a sculptor’s next masterpiece, containers of pig’s ears […]
Need to Know: Practical Bitcoin basics
Unless you’ve been living under a rock, you’ve probably heard the phrase Bitcoin uttered around tech circles, or maybe even on mainstream news outlets. Maybe you’ve seen Bitcoin as a payment option on stores like Steam and Microsoft’s. But what is Bitcoin, why should you care and is it worth bothering with? As to what Bitcoin is, simply put, it’s way of transferring money around. Some people think it’s a challenge to government reserve banks (probably not) or a whole new system of finance technology akin to the credit card (quite likely), but for us plebs, right now, it’s main utility is cheaply and quickly sending money from A to […]
Birch Finance presents at TechCrunch Disrupt 2016 in New York
MEDIA RELEASE: Sydney based fintech startup Birch Finance, has been inundated with traffic off the back of their TechCrunch disrupt launch in New York last week. Alexander Cohen and Alexander Whiteside of Birch Finance were selected from hundreds of startups to pitch at TechCrunch Disrupt in New York, in the startup battlefield on Wednesday the 11th of May. Last week, Birch Finance, a startup in the current cohort of the H2 Ventures fintech accelerator, competed at TechCrunch’s Startup Battlefield. The Battlefield included 22 leading early stage startups pitching to top judges in front of a live audience. Birch are following in the footsteps of successful companies like Betterment, […]
