Venture Capital

Mar
29

Reinventure backs Flare HR to disrupt default super

Westpac Banking Corp’s venture capital fund Reinventure Group has taken a stake in Flare HR, a start-up that has built software that promises to enhance company engagement with employees and disrupt the $9 billion default superannuation market. Reinventure Group has invested more than $1 million in a recent seed fundraising round by Flare, which has […]

By Cameron Dart | FinTech . Insurance . Venture Capital
DETAIL
Mar
21

Scott Morrison scraps GST on Bitcoin, cuts fintech red tape

Treasurer Scott Morrison said digital currencies such as Bitcoin will be exempt from GST and restrictions on crowdfunding eased, under changes to boost the fintech sector. The government will also reduce tax barriers for venture capital investing in fintech companies and is working with the corporate regulator on a “regulatory sandbox” for start-ups that will […]

By Cameron Dart | Bitcoin . FinTech . Peer-to-Peer . Venture Capital
DETAIL
Mar
07

Signal Ventures hunts Australian early stage tech startups with $10m fund

Early stage Australian tech startups will soon have a fresh option for seeking funding with the formation of a new $10 million venture capital fund backed by US and Australian investors. The fund is to be run by Signal Ventures, which has been founded by Melbourne-based startup industry backer Atlanta Daniel and experienced US-based tech […]

By Cameron Dart | FinTech . Venture Capital
DETAIL
Mar
02

Investec buys into H2 Ventures

This is great news for Ben and Toby Heap, the brains behind H2 Ventures, with Investec Australian taking a stake in their businesses. This is also great news for the Australian FinTech industry. Investec Australia has taken a stake in the fintech accelerator H2 Ventures, a move the specialist lender believes will put it in […]

By Cameron Dart | FinTech . Investing . Venture Capital
DETAIL
Jan
28

Fintech funds are drying up, but some local players welcome the drought

Aris Allegos, the founder of online small business lender Moula, was an entrepreneur in the dotcom era and an investment banker during the global financial crisis, so he has seen first hand the havoc a speculative frenzy can create. But as the torrent of capital from US funds backing start-ups in the burgeoning fintech industry […]

By Cameron Dart | FinTech . Investing . Venture Capital
DETAIL
Dec
17

Australia is fast becoming a top source of fintech funding

Despite opportunities lost and having a relatively smaller fintech market than that of the US and the UK, Australia remains a top source of funding for financial technology companies. Last week, Australia’s biggest finance firm Atlassian debuted on Nasdaq, causing somewhat of a heartbreak to the local fintech market as its road to becoming a […]

By Cameron Dart | FinTech . Investing . Venture Capital
DETAIL
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
DETAIL
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
DETAIL