Thursday, August 18, 2022

Birchal enters the $100m club, and kicks off raise on its own platform

0
The platform behind 75% of Australia’s equity crowd sourced funding (CSF) activity, Birchal, announced today it has reached a major milestone for the industry - the first platform to reach $100m in total funds raised. To mark the occasion Birchal announced it will legitimise SMEs and Startups by building Australia’s first equity crowdfunding ecosystem. This move will establish these entities as a mainstream asset class and will facilitate secondary trading and best in class stakeholder engagement, features that will attract even more retail and sophisticated investors to Australia’s exciting startup landscape. 

Banjo Loans secures $100m debt funding facility to offer SMEs loans

0
Banjo Loans, an online SME lender, announced it secured an initial $100m debt funding facility from an Aussie financial institution to expand its reach into the more advanced SME sector. This debt funding means Banjo is now able to leverage its growth and offer the SME market unsecured loans of between $20K and $1 million, via securitised warehouse. 

ASX tech platform Automic Group acquires investor relations company

0
Automic Group, one of Australia’s largest share registry businesses, and Market Eye, Australia’s investor relations advisory firm, are pleased to announce Automic Group’s acquisition of Market Eye.

Survey points to improved gender diversity in funds management but progress stalls for senior...

0
The overall improvement is encouraging, given the historic under-representation of women in the funds management industry

Millennials move beyond meme stocks, demand more choices

0
DriveWealth, LLC, a fintech investment rail and pioneer in fractional investing, released its DriveTrends study, “The Year of The Millennial Trader: Trading Remained Trendy Despite Market Uncertainty,” a look at how the bear market many investors have faced impacted trading behaviors of millions across APAC, EMEA, LATAM, and U.S. in the first half of 2022.

EY releases its analysis of Australian major banks’ 2022 half year results

0
Robust asset growth and quality, capital returns and careful expense management have all contributed to a solid performance from Aussie’s major banks in their 2022 half year results, although margins continue to constrain earnings according to analysis from Ernst & Young, Australia. The EY Australia report shows the big four banks delivered combined cash earnings of $14.4bn for the 2022 half year, an increase of 5.1% from the same time last year.

Women taking bolder steps in the new age of female investor power

0
For too long the investment space has been dominated by male investors, but I believe the next decade will define a new age of female investor power. This has partly been driven in the US by investment democratization through the crowdfunding boom and growth in the private securities market, and by a post-pandemic re-appraisal of household finances.

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

0
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. 

Digitalisation helps values-based banks to address financial exclusion

0
According to a recent survey by the Global Alliance for Banking on Values (GABV) among its member banks' Chief Executive Officers, values-based banks are moving from basic digital services to more sophisticated digital offerings, in part due to the pandemic. The main drivers are customer convenience, ability to scale up and operational efficiency. The survey was held among the CEOs of the 66 banks, with 52 responses.

Tricentis reveals trends in how the world’s top financial organisations move fast without breaking...

0
Tricentis, the world’s number one platform for modern cloud and enterprise applications, announced the latest edition of its report, “How the World’s Top Organizations Test”, analysing how financial industry leaders test the software their businesses rely on.