Now might be exactly the right time in Australia to start a fintech, but what exactly the best investors are looking for can be a mystery for new founders.
VC firm Reinventure Group has closed its third $50 million fund, with Westpac once more backing the firm as it looks to expand its focus to Asia-Pacific.
Dunedin startup CodeLingo has raised NZ$540,000 ($494,000) in seed funding from Australian venture capital firms Right Click Capital and Reinventure.
Looking to further the development of the Victorian fintech sector, the state government has announced its plans to establish a fintech hub in Melbourne.
Reinventure has announced the appointment of Kara Frederick as General Partner, to strengthen its ability to help Aussie fintech’s expand into the US.
After a few months on the shelf, the Government has returned to the issue of equity crowdfunding, introducing a new bill into Parliament yesterday.