David Koch is launching a new live stream Australian business service

ausbiz will be the first continuous live streaming service dedicated to business and finance information, filling the gap left following the closure of the Sky News/Nine JV, Your Money, earlier this year.

Koch is chairman and owner of the Pinstripe Media Group, publishers of Startup Daily and Kochie’s Business Builders.

Live for eight hours each weekday, ausbiz will cover breaking companies and markets news throughout the ASX trading session, alongside in-depth interviews and commentary.

And, for the first time, the private capital market will be the subject of dedicated live and on demand programming, including Startup Daily each weekday afternoon.

An extensive product roadmap will also see the ausbiz app deliver personalised video content and give users direct access to investment opportunities.

ausbiz founder Kylie Merritt is a business journalist with extensive experience in media and management.

“Australian financial markets and the broader business community want and deserve a dedicated service and streaming technology now enables this to be delivered on a cost effective and sustainable platform,” she said.

A seed round capital raising, led by Koch, is in the final stages of completion with a Series A funding round due to close in late November.

“When Kylie approached me I was attracted by the fact that ausbiz uses compelling live content to build an audience, who will then be given access to suitable investment opportunities and products,” he said.

“It will sit at the intersection of media and fintech, using content as the cornerstone for transactions.”

Merritt says the response from investors and commercial partners has been encouraging.

“ausbiz is not mass reach proposition,” she said.

“However the audience is highly valuable, influential and engaged. With smart ways of delivering content that’s measurable we believe the commercial model has huge potential.”

ausbiz will stream live from its studios at International Towers in Sydney’s Barangaroo.

The service will be available free via the ausbiz app, with market open coverage and Startup Daily streamed live on partner platform, Twitter @ausbiztv.

Investment product news and information will also be shared with Australia’s largest database of financial advisers through a partnership with groundbreaking platform Adviser Ratings.

“Our purpose of making financial information accessible to all Australians aligns perfectly with the strategy of ausbiz,” said Adviser Ratings founder and Managing Director, Angus Woods.

Real time data will be provided via a partnership with Iress.