Member Showcase May 2018

Here’s a list of member announcements during the month of May.

Wealthtech news

  • Retirement financial planning solutions provider Mafematica has partnered with Australia’s leading SMSF software company BGL Corporate Solutions, to introduce the ground-breaking Mafematica retirement solution to BGL clients
  • Spaceship, the super fund helping thousands of Australians invest, has launched two new investment products, which are ‘fee-free’ for low balances of $5,000 or less. Spaceship has also announced that more than 1,400 Australian millennials have, in the last month, put money into these investment products.
  • Raiz, a micro-investing platform,is launching its initial public offering looking to raise $15 million with an eye on expanding to Asia. Since its launch in Australia in February 2016, as Acorns Grow Australia, it has grown to $170 million of funds under management.

Insurtech news

Lending news

Payments news

Other fintechs

  • Westpac has committed a further $50 million to Reinventure as the venture capital group rolls out its third fund that will explore opportunities in the fast-growing Asian fintech market and blockchain technology.
  • A delegation of more than 60 Australian industry leaders in the areas of fintech and cyber security will head to London in July to exchange best practice ideas and pursue international opportunities. Fintech companies include Everproof, Trade Ledger, TRAction Fintech, Adviser Ratings, InDebted, CYDARM Technologies, HyperIntel, Airlock Digital, Aleron and Randtronics.
  • Fintech platform myprosperity has announced it will integrate with major industry player, Macquarie Wealth, to allow customers real-time access to the bank’s Macquarie Wrap investment platform and its cash management accounts.
  • Aussie trade financing deep technology start-up, Trade Ledger, has finished ahead of nine other VC-backed companies from across the world to be named the winner of the Barclays UK Ventures “Open Innovation Challenge 2018” in London recently.
  • Fintech hub Stone & Chalk has appointed Marie-Anne Lampotang as GM for Sydney. Ms Lampotang, who joins from BT Financial, will report directly to CEO Alex Scandurra.