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Small business lender Lumi launches following $31.5 million Series A round
The Australian alternative lending space has a new player in its midst, with new offering Lumi launching following the raise of a $31.5 million Series A round.
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Prospa delays ASX listing to respond to ASIC queries on loan terms
Small business lending startup Prospa has delayed its ASX listing as it seeks to clarify questions raised by ASIC yesterday around its loan terms.
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ASIC to take action against ‘misleading’ or ‘deceptive’ conduct in initial coin offerings
ASIC stated that initial coin offerings can “involve significant risks for investors that are often not disclosed or well understood”.
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Bane Hunter to take over as GetSwift CEO as Joel MacDonald steps down
Joel MacDonald has stepped down as GetSwift CEO and chairman Bane Hunter has taken on the role as “part of [GetSwift’s] ongoing program to continually develop its governance practices as it grows”.
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ASIC grants first intermediaries licenses to open up equity crowdfunding to retail investors
After years of lobbying from the startup sector, retail – or mum and dad – investors now have access to equity crowdfunding opportunities through the seven intermediaries this week granted licenses by ASIC.
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ASIC signs information sharing agreement with Chinese counterpart to spur fintech development
ASIC has announced a deal with the China Securities Regulatory Commission to promote innovation in financial services in their respective markets.
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Federal government introduces reforms allowing private companies to access equity crowdfunding
The Federal Government has today revealed a new legislative package that will allow private companies to access equity crowdfunding.
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ASIC opens applications to licence new equity crowdfunding platforms
ASIC has announced it will be opening applications for CSF licences, allowing eligible public companies to sell shares through a licensed intermediary.
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ASIC signs agreement with UAE regulator to support fintech expansion opportunities
ASIC has signed an agreement with the United Arab Emirates’ ADGM FSRA, which outlines how both nations will collaborate to support fintech startups.
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ASIC signs cooperation agreement with Hong Kong regulator to help fintechs explore expansion
The agreement will allow the SFC and ASIC to refer fintechs to each other for advice and support via ASIC’s Innovation Hub and the SFC’s Fintech Contact Point.
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Aussie fintech startups to travel to the UK to explore expansion opportunities
The UK DIT is partnering with the ACC to send five Aussie fintech startups to the UK to participate in the inaugural British Australian Fintech Forum.
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ASIC launches regulatory sandbox allowing fintechs to test new products and services
First announced by Scott Morrison in May, ASIC has launched its ‘regulatory sandbox’ for fintechs looking to test new financial products and services.
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ASX and ASIC launch cyber health check for 100 largest Australian companies
This week ASX and ASIC have launched a new cyber health check for Australia’s top 100 listed companies. The voluntary survey, an initiative promised in the government’s $230 million cyber security strategy, aims to improve the cyber security defences of Australia’s largest companies.
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ASIC signs agreement with Ontario Securities Commission to help fintechs launch in Canada
ASIC has signed an agreement with the Ontario Securities Commission in Canada that will allow fintech companies greater support when looking to enter and operate in the other’s market.
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EY Sweeney and FinTech Australia reveal results of 2016 Census on fintech landscape
EY Sweeney and FinTech Australia have today revealed the results of its 2016 Census report on the Australian fintech landscape. The report is the most detailed and comprehensive analysis of Australia’s fintech ecosystem to date and reveals important recommendations to be considered by startups, community and government on how to take advantage of Australia’s unique global position to further grow the sector.
