Saturday, December 3, 2022
Minister for Small Business Development, Khumbudzo Ntshavheni

South Africa announces debt relief fund to help small businesses weather the COVID-19 crisis

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The South African government has implemented various measures in order to slow the spread of COVID-19, also known as Coronavirus, many of which could negatively impact small businesses in the country.

Fintech Trovio opens regional office to establish foothold in Singapore

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Trovio’s vision is to improve the efficiency and transparency of the global commodities market enabling its partners to access new markets, develop new distribution channels such as blockchain, and offer investment products that meet the ESG needs of the modern investor.

Volopay announces partnership with global real estate tech giant WeWork

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The partnership demonstrates Volopay’s continued progress in the fintech space with its sophisticated financial control platform for modern businesses.

TOMORROW Super to launch first digital managed account platform

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With a $5m pre-IPO funding round, TOMORROW will deliver a low cost, hassle free, transparent and financial advisor friendly solution to customers looking to take control of their wealth.

Should you set up a self-managed super fund with your friends in 2022?

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According to Yannick Ieko, founder and CEO of NDIS Loan Experts and SMSF Loan Experts, the festive season is usually the time when most people review their financial circumstances and look to the new year to put in place new goals and exciting new projects.

in3 secures $11.1m Series A from Finch Capital; partners with Worldline

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 in3, a leading Dutch Buy-Now-Pay-Later (BNPL) fintech business, has announced a $11.1 million Series A funding round from Finch Capital as growth soars. In addition to this, in3 are today launching free BNPL services for consumers, starting in the Netherlands, through an innovative partnership with global digital payments leader Worldline. 

Australia’s equity crowdfunding industry booms up 89% in first quarter

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Australia’s crowd sourced funding industry has launched into 2022 with unprecedented funding volumes for the 3 months to 31 March, traditionally the CSF industry’s quietest period. Total funding volumes exceeded $10m, an 89% rise on the same period last year. This performance sits in stark contrast to the sluggish start for the broader equity capital markets, which according to data published by Refinitiv and reported by the Annual Financial Review, experienced a 58% decline in funding volumes for the three months to 31 March 2022, compared to the same time last year. 

Bank payment solution GoCardless hires Paul Stoddart as its President

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GoCardless, a bank payment solutions, announced the hire of Paul Stoddart as President. Stoddart joins from Mastercard where he was President of its New Payment Platforms, Executive Chairman of Vocalink and Member of the Mastercard Management Committee. In his role at GoCardless he will have global responsibility for the go-to-market firm including the Strategy, Sales, Product, Marketing and Customer teams, with a view to accelerating growth and achieving the firm’s ambition to become the world’s bank payment network.

Software Combined builds portfolio, acquires four technology companies

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Software aggregator Software Combined has finalised its first four acquisitions to become Australia’s locally based company dedicated to investing in and supporting a portfolio of established software businesses. The acquired software businesses Streamtime, Scope Systems, Energy Inspection and MacroView operate in the creative, mining, energy and document management sectors and collectively generate EBITDA of over $11 million. 

New-age insurtech startup upcover raises 4.7 million in seed funding

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upcover announced it has secured $2.7 million equity and $2m debt in a $4.7m seed round. With backing from industry heavyweights, the trailblazing insurtech startup is simplifying, digitising and democratising a heavily regulated industry that has been stagnant for years.