An upcoming challenger superannuation brand, Tomorrow Super, is on the hunt for $5 million in pre-IPO funding. Founder and CEO Wes Hall says he wants to create a digital-first “game-changing” low cost, hassle free SMSF-type model for a ESG-conscious generation. “There are three undeniable trends when it comes to investing in Australia: economic activism through… Read more »
Helping make women more financially secure is a massive challenge: here’s how the fintech sector is tackling it
It’s no secret that when it comes to superannuation, Australian women continue to suffer undue and persistent disadvantage. A series of structural inadequacies and varied dynamics over the course of a woman’s life can, and in many cases do, lead to superannuation poverty. The concept of compulsory superannuation was designed with a full-time worker in… Read more »
How do we think about goals and dreams for the future when it feels like everything is falling apart? I’ve spent the past 10 years of my life coaching women on exactly that. But 2020 is a year that I have had to turn my own pain about the world into a positive… Read more »
AirTree Partners Craig Blair, James Cameron, Helen Norton, Daniel Petre, and John Henderson. Photo: Ryan Stuart Venture capital firm AirTree has raised a new $275 million fund to invest in early stage startups in Australia and New Zealand. It’s AirTree’s third fund, following on from 2016’s $250 million fund – backing the likes of Canva,… Read more »
Verve is a women-only fund focused on closing the gap between men and women’s super: women currently retire with an average of 47 percent less super than men.
Fintech startup Athena has raised a $15 million Series A round, with funding coming from Macquarie Bank, Square Peg Capital, Apex Capital, and Rice Warner.
Targeted at “lower net worth individuals”, the Ilumony platform is primarily focused around providing advice on KiwiSaver account.
Stockspot has announced the closing of a $3 million Series B round which will be used to help build out its digital product and expand its user base.
MYOB has launched Advanced People, a new cloud payroll solution designed to help mid-market businesses manage their payments.
SavvyKiwi looks to help match savers to the right fund. It then keeps monitoring the fund to keep savers abreast of any issues or changes that they should be aware of and, if they choose to switch, helps them easily transfer to another fund.
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.
Perth fintech startup Future Penny announces partnership with employee benefits company Super-Advice
Perth fintech startup Future Penny has today announced its first partnership with leading Australian and New Zealand employee benefits company Super-Advice. The newly formed relationship will help improve financial literacy for people in the ANZ region.
For many years, paying our employees’ superannuation was a complete nightmare. We spent several hours paying several different super funds with different logins and navigating different web forms only to come out the other side with less money in the bank and hours of our lives we will never get back. Not much fun and – quite frankly – a painful exercise all round.
Melbourne FinTech startup Clover, an automated investment advice platform, has announced the raising of a seed funding round by a number of investors including superannuation fund Equipsuper. Though the startup wasn’t willing to reveal the exact amount, Startup Daily was able to confirm that Clover raised over $1 million.
Brandon Capital launches $200M venture fund for life science startups, backed by Australian super funds
With support from AustralianSuper, StatewideSuper, HESTA and Hostplus Industry Super Funds, Brandon Capital has raised a total of AU$200 million, making the firm’s third Medical Research Commercialisation Fund (MRCF3) the largest ever life science venture fund in Australia.