Category Archives: News

A Blockchain solution for Marketplace Lending, it’s from Sydney

Blockchain continues to generate a huge amount of interest and hype within the global capital markets, and now we see something tailored for marketplace and alternative lending coming from Sydney. The use of blockchain (distributed ledgers) provides a new approach for data management and transparency, which will become a solution to many of the inefficiencies

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Innovation Nation a discussion with Alex Scandurra the CEO of Stone and Chalk

Alex Scandurra the CEO of Stone and Chalk would like Australia to be globally recognised as the “Innovation Nation”. Stone and Chalk is Sydney’s soon to be opened non-profit, government and corporate backed fintech hub. To better understand the vision that Alex has for the hub, this week I sat down with him for a

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More Europeans arrive – Spotcap now open for business

As of Tuesday, more Europeans have entered the Australian SME Lending Market, this time with Spotcap now open for business. Last year we saw the launch of Ratesetter and ThinCats, with Ratesetter focused on  pure P2P consumers and ThinCats on secured business lending. So yesterday I sat down for a coffee with Lachlan Heussler the MD

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Stone and Chalk the new Sydney Fintech Hub established, the banks must be very pleased

Yesterday the NSW Premier Mike Baird, announced that a new Sydney Fintech Hub called Stone and Chalk will be opened in May. The new hub will be located on the 26th floor of a building in the Sydney Central Business District. The floor will be transformed into a space, with the hope that a new future for financial

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Do Australian Banks get the Fintech revolution, Hartzer at Westpac does.

Do the Australian banks get the Fintech revolution, well Brian Hartzer does. After working for Westpac in Sydney as their Global Head of Credit Trading for over 4.5 years. I have been watching closely the handover of the CEO reins from the much admired Gail Kelly to now Brian Hartzer. As of today, Hartzer has

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Now targeting SME’s, welcome ThinCats to Australia

With their intention to target Australian small and medium enterprises (SME’s), the UK marketplace lender ThinCats opened its website for business. The online lending platform enables sophisticated and wholesale investors to lend directly to these SME’s. The Australian arm is run by Sunil Aranha, a banking veteran, who has had a distinguished career with Citi,

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FinTech in Australia a good start but much to do

FinTech in Australia is gaining momentum fast, but we really have much hard work to do. Last week I attended a really interesting Conference at the ASX in Sydney called the Self Directed Investor – FinTech Expo. The event was run by AWI Ventures, who describe themselves as a digital financial services accelerator. They effectively hold

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P2P for everyone – Ratesetter Australia opens its doors for business

A few days ago Ratesetter Australia https://www.ratesetter.com.au officially launched its new P2P Lending Business and opened its doors for business. They now become the first P2P lender licensed to offer P2P lending to all Australians. RateSetter Australia CEO, Daniel Foggo, said, “RateSetter is the first and only P2P lender operating in the Australian market licenced to offer all

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Off-Shore Funds target NZ’s P2P Harmoney

Harmony, the NZ P2P lender, opened its doors in early September see http://www.ozp2plending.com/harmoney-nz-launches/. At that time it made international headlines with the announcement that it had opened with institutional investor support of over $100m.  ‎The question that followed was who were these investors, were they local funds or off-shore players? Well earlier this week, it came to

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Harmoney NZ Launches

The NZ P2P lender Harmoney launched last week and they announced today that they have raised some NZ$100m in funds to lend. Neil Roberts who heads up Harmoney, said that the money raised had been from four large investors including the domestic bank Heartland. It really is an impressive launch of a P2P business to

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