Global trading platform eToro is getting into the Australian superannuation business after acquiring the controversy-plagued investment app Spaceship Capital in a deal worth up to $80 million. The price is a blow to investors such as Airtree, which previously valued the fintech at more than $100 million. Investment in Spaceship has been opaque, but may… Read more »
* EDITOR’S NOTE: On 20 December, 2022, the Administrative Appeals Tribunal set aside the ban on Paul Dortkamp. Deputy President Rayment concluded that, based on the evidence at the AAT hearing, he was not satisfied that Mr Dortkamp failed to act, did not understand the financial services which his company was providing, or is incompetent,… Read more »
The former CEO of fintech startup Spaceship has been banned from acting in the financial services sector for six years by the corporate regulator, ASIC. Paul Kevin Bennetts, of Elanora Heights on Sydney’s Northern Beaches, was found to have dishonestly obtained his Australian Institute of Company Directors (AICD) qualification following an investigation by the company… Read more »
New startup Spaceship is set to launch its mobile-only superannuation fund after receiving $1.6 million in funding led by Atlassian cofounder Mike Cannon-Brookes. The startup has a particular focus on enabling people to invest their super into technology-driven startups and companies.
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