Stone & Chalk launches in Adelaide
Stone & Chalk is partnering with the SA Government to establish a start-up hub at Lot Fourteen, the largest innovation precinct in the Southern Hemisphere.
Is it time Australian investors bought into the fintech story?
By George Lucas, MD/CEO, Raiz Invest Tell Australian investors that a hole in the ground could prove to be the next El Dorado and they will fall over themselves to push a one-cent share into the stratosphere. But tell them about an exciting high-tech venture that is disrupting the market and you can hear the audible yawns. Raiz Invest’s former parent company, the privately-owned US company Acorns, recently raised $US105 million ($A145million) to continue to fund its operation. The Wall Street Journal reports this gives Acorns a $US860 million ($A1.186 billion) valuation. CNBC reports that Acorns US has more than 4.5 million sign-ups, 2.1 million investment accounts and circa $US1.2 […]
Cryptocurrency is radical but who does the radicalism benefit?
“Free speech” is one of the battle cries of far-right activists who target democratic consensus and seek to divide the public. Alt-right agitators and trolls embrace the cry of “freedom” even as they take actions that fundamentally corrode Western unity, credibility and morale. Claiming “freedom” in fact makes it hard for defenders of the rules-based nations to identify the threat to public order posed by partisans on private-sector digital platforms. So it is somewhat alarming to see a similar dynamic – the cry of “freedom” – play out in another sphere, that of currency and payments. Right now, terminology being embraced in the world of cryptocurrency places the technology in […]
Lakeba achieves $20M startup sales record for Paid By Coins
Australian technology innovator Lakeba, who has launched over ten new ventures in the Australian market since 2016, today announced the $20M sale of their Paid by Coins venture to Mobecom (ASX:MOB) only seven months after launching the platform in early 2018. “Lakeba built, deployed and exited the Paid By Coins business in less than seven months, achieving what few startups have before them. This accelerated acquisition timeline demonstrates the rigour and depth of Australian innovation and sets a new benchmark for the rapid commercialisation and sale of market-relevant, high demand emerging technology solutions,” said Giuseppe Porcelli, CEO and Founder of Lakeba. Paid by Coins is a secure payment solution for consumers, enabling […]
Everything you missed at the Jacaranda Finance Drought Row-lief
Jacaranda Finance held their first ever charity fundraiser last Saturday the 8th of September. The Drought Row-lief row-a-thon was held at Science Fitness in South Brisbane and F45 Training Centre in Paddington. Each gym had a show of rowing machines going for 90 minutes and Founder and CEO of Jacaranda, Daniel Wessels, is now donating $40 for every kilometre that was rowed. With 10 rowing machines going on the day and a crowd of enthusiastic rowers, both gyms clocked 221 kilometres collectively. Originally Wessels was planning to donate $20 per kilometre. However, coming off a big win at the previous nights 2018 Young Entrepreneur Awards where we won the Professional […]
Pull together for the Aussie Drought Row-lief
The entire state of NSW has been declared in drought after a drier than ever June and July. As a result, the state’s farmers are experiencing one of the toughest winters they have seen. With failing crops, water shortages and a diminishing supply of fodder to sustain stock, farmers are struggling just to keep their stock alive, let alone make ends meet. Companies nationwide have been doing their part to help out, donating money to help the families living on the land with necessities, or donating hay bails to help keep their herds alive. As a small business with a big heart, Brisbane-based lender, Jacaranda Finance has decided to jump […]
Grant Thornton support of Lakeba’s Future Hub consortium to help accelerate Blockchain Growth
Australian technology innovator Lakeba Group, and leading global independent assurance, tax and advisory firm Grant Thornton, have announced a new alignment that will see Grant Thornton’s technology industry team, support Lakeba’s Future Hub. Recognised for being one of the first technology companies in Australia to have live commercial blockchain implementations across a range of sectors, the vision of Lakeba’s Future Hub is to provide a one stop shop solution for Australian businesses looking to adopt blockchain solutions from conception, to development all the way through to tax, legal and regulatory compliance. “With the support of Grant Thornton’s technology industry team, the Future Hub will be greatly strengthened with the proven […]
UK fintech ‘unicorn’ Ebury heads to Australia
British fintech firm Ebury has set up shop in Sydney, having identified the Australian market as a good foothold for southern hemisphere expansion.
