Daily Bulletin


  • Written by News Company

The fintech ecosystem in Australia is increasingly gaining global relevance. Local fintech startups are showing global ambitions with their ability to attract customers and funding from beyond Australia’s shores. Below are 7 fintech startups ranked among the best by industry group FinTech Australia and featured in KPMG 2018 Fintech 100. Each one of them won at least one award at the 2018 Finnie Awards for standing strong as real alternatives to traditional financial institutions and providing customers with innovative fintech solutions

AfterPay Touch – 2018 Fintech Organisation of the Year

AfterPay Touch is a buy-now-pay-later business. It offers shoppers a simple payment process for buying products today and paying them off in 4 equal instalments after every two weeks. It was named the FinTech Organisation of the Year by FinTech Australia. AfterPay Touch also shot up 18 places from 2017 (from position 44 to 26) in the KPMG Fintech100 2018 list.

This leading Fintech startup now represents over 8 percent all online sale of Australian domestic apparel. More major domestic apparel brands are actively adopting the AfterPay Touch solution.


BRICKX – property investing platform

House prices in Australia continue to increase and investing in property is becoming more challenging for many investors. BRICKX is offering a unique solution for property investing that involves making fractional investments. This solution is effectively eliminating the biggest obstacle that individuals face when investing in property - massive up-front costs.

Founded in 2014, BRICKX is the only regulated Australian retail investor platform that gives investors easier access to the residential property market in Australia.

Cover Genius – insurtech startup

Cover Genius is one of the world’s fastest growing Insurtech startups. It was founded by Angus McDonald and Chris Bayley in 2014. The company distributes insurance products designed for online businesses and has managed to develop patents that resolve many friction points generated by the insurance industry and which hinder the industry’s growth and innovation.

What’s outstanding about Cover Genius is its technology-first approach to provision of insurance. It uses Big Data technology to optimize the purchase process for business insurance customers. Cover Genius uses the technology-first approach across the insurance value chain – pricing, reporting, claims handling, customer communication, business intelligence and analytics, payment, and after sale support.

MoneyPlace – P2P lending platform

Since when Comprehensive Credit Reporting (CCR) was introduced, Australians have become more concerned about credit scores. Getting creditworthy borrowers has become a challenge for lenders. MoneyPlace provides a peer-to-peer lending platform that connects investors with borrowers who are creditworthy and in need of 3 to 5-year personal loans ranging from $5000 to $45,000. A user applies online for a credit estimate then the company matches the user with suitable personal loan lenders (investors).

According to Liberty, which bought MoneyPlace in February 2018, the fintech has significantly accelerated the growth of the personal loan market.

Prospa – online business loans lender

Prospa is an online small business loans lender established in 2011. It provides a smart platform for users to borrow funds for business in a simple online application process. The loans range from $5,000 to $250,000 available within 24 hours.

Prospa understands that businesses are faced with unexpected growth opportunities (and challenges as well) that require urgent funding. Since its formation, Prospa has supported over 12,000 SMEs in Australia with small business loans valued at over $500.

SocietyOne – P2P lending

SocietyOne is another trendsetting peer-to-peer lending platform that connects savvy investors with creditworthy borrowers. It allows individuals to access low rate personal loans from other individuals, thus enabling peers to invest in each other without the intermediation of a financial institution. Borrowers can get up to $30,000 in unsecured loans repayable over three years. The personalized rates are determined by the borrower’s unique credit history. SocietyOne was named the 2018 Lending Innovator of the Year by Financial Review.

Stockspot – digital investment adviser

Founded in 2013, Stockspot is the first digital investment adviser in Australia. It is an intelligent and budget-preserving platform for investors who need expert advice on investment and portfolio management. With it, users can avoid the high fees, endless paperwork, confusing advice, and lack of transparency that characterize traditional wealth management practice. As the fastest growing investment robo-adviser in Australia, Stockspot has won numerous fintech innovation awards year after year since 2014.

As reported by Admiral Markets Australia, the company has made major steps in investing in fintech. The latest development is the investment the company made in crowdfunding platform Fundwise in October 2018. The business world is evolving thanks to technology advancement. Today, finance and technology are arguably the biggest industries. Fintech combines the two and thus represents an exciting investment opportunity to investors who are looking for ways to diverse their portfolios.

Writers Wanted

Queensland's LNP wants a curfew for kids, but evidence suggests this won't reduce crime


We can no longer ignore the threats facing the Pacific — we need to support more migration to Australia


The Conversation


Prime Minister Interview with Kieran Gilbert, Sky News

KIERAN GILBERT: Kieran Gilbert here with you and the Prime Minister joins me. Prime Minister, thanks so much for your time.  PRIME MINISTER: G'day Kieran.  GILBERT: An assumption a vaccine is ...

Daily Bulletin - avatar Daily Bulletin

Did BLM Really Change the US Police Work?

The Black Lives Matter (BLM) movement has proven that the power of the state rests in the hands of the people it governs. Following the death of 46-year-old black American George Floyd in a case of ...

a Guest Writer - avatar a Guest Writer

Scott Morrison: the right man at the right time

Australia is not at war with another nation or ideology in August 2020 but the nation is in conflict. There are serious threats from China and there are many challenges flowing from the pandemic tha...

Greg Rogers - avatar Greg Rogers

Business News

What Few People Know About Painters

What do you look for when renting a house? Most potential tenants look for the general appearance of a house. If the house is poorly decorated, they are likely to turn you off. A painter Adelaide ...

News Co - avatar News Co

Important Instagram marketing tips

Instagram marketing is one of the most important approaches for digital advertisers. If you want to promote products online, then Instagram along with Facebook is the perfect option. After Faceboo...

News Co - avatar News Co

Top 3 Accident Law Firms of Riverside County, CA

Do you live in Riverside County and faced an accident and now looking for a trusted Law firm to present your case? If yes, then you have come to the right place. The purpose of the article is to...

News Co - avatar News Co

News Co Media Group

Content & Technology Connecting Global Audiences

More Information - Less Opinion