When Finder shed around 60 roles last month – 17% of its workforce – turns out one of them was the comparison site’s Australia CEO, Chris Ellis. SmartCompany’s Tegan Jones revealed Ellis was among the company’s cost savings, pointing out he’s disappeared from Finder’s leadership page and will leave the business at the end of… Read more »
Finder’s crypto product, Earn, complied with the financial law, the Federal Court has found, dismissing legal action launched by the corporate regular against the fintech. It was a comprehensive win against the Australian Securities and Investments Commission (ASIC) for Finder, with Justice Brigitte Markovic also awarding costs against the regulator. ASIC sued Finder Wallet for… Read more »
Financial comparison site Finder has cut its workforce by 17% in a fresh round of redundancies, the third major staffing reduction in the past 12 months. Around 60 people have lost their jobs globally in the latest cuts. It may be the fourth time HR handed out redundancy notices in the past year, with SmartCompany… Read more »
Corporate regulator the Australian Securities & Investment Commission (ASIC) has launched ASIC has launched Federal Court action against a subsidiary of comparison website Finder over its recently closed crypto production, Finder Earn. ASIC alleges that Finder Wallet Pty Ltd provided unlicensed financial services, breached product disclosure requirements and failed to comply with design and distribution… Read more »
Fred Schebesta, the cofounder of comparison website Finder, and one of the country’s leading cryptocurrency advocates, is stepping down from his role as co-CEO and will no longer be the company’s colourful public face. SmartCompany’s Tegan Jones reports that Schebesta will leave his cofounder Frank Restuccia to run the global business on his own, as… Read more »
Comparison site Finder has killed off its cryptocurrency product Earn, which offered customers a flat rate return for investing in stablecoins, arguing it “no longer” served customers amid rising interest rates. In a blog post strangely titled “Finder Earn is being sunset” just two days before the shutdown, the company said “As interest rates have… Read more »
Finder conducts a quarterly survey of 53 crypto experts They predict bitcoin will end 2022 at US$25,473 10% say its time to sell out, 50% buy 70% think ‘winter’ will continue until at least 2023 Interest rates and the Terra collapse are to blame. Australian cryptocurrency experts have cut their predictions on the value of… Read more »
Comparison site Finder has raised $30 million in the first raise in its 15-year history as it pivots to fintech business with a focus on digital assets. A single investor, Microsoft-backed Sydney fund Future Now Capital, wrote the cheque for an equity stake in the Sydney-headquartered company, on a $650 million pre-money valuation. Finder plans… Read more »
Comparison website Finder has appointed its first Chief Product Officer, with product executive Damon Pezaro signing on from online lender, Prospa. Pezaro has been tasked with scaling Finder’s product vision and strategy internationally. His more than 20 years of experience includes being CPO at Domain Group. Finder co-founder and chief operating officer, Jeremy Cabral, said… Read more »
Finder finally has a new local leader following an 18-month hunt by the comparison site’s co-founders and global co-CEOs Fred Schebesta and Frank Restuccia, with ViacomCBS exec Chris Ellis taking on the newly created role of CEO of Finder Australia. English-born Ellis departed ViacomCBS, owners of the Ten TV network, as VP of Commercial… Read more »
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