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iTWire - Part 4: Federal Budget 2022-23 response from tech leaders in Australia

Australia's 2022-23 Federal Budget has certainly garnered a lot of commentary and opinions, with this fourth article showcasing the thoughts of mo...

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Election 2020: 'Perfect storm:' Tech sector urges immigration policy changes

Labor’s pledge to install 1.2 million Australians in tech jobs by 2030 is a “good start” but more skilled migration is necessary, fintech companies say.

Australia , Brisbane , Queensland , New-zealand , Canberra , Australian-capital-territory , Australian , Jonathan-barouch , Sam-pratt , Lachlan-feeney , Brodie-haupt , Labor-party

Finder's RBA survey: 73% of experts say rental prices will increase significantly

In another blow for Australian renters, rental prices are set to increase dramatically as the nation's borders reopen, according to experts.

Corinna , Tasmania , Australia , Monash , South-australia , Melbourne , Victoria , Sydney , New-south-wales , Bendigo , Australian , Mark-crosby

WLTH launches capital raise ahead of merger

Non-bank lender WLTH has officially launched a $15 million funding round as it looks to close a corporate merger deal with a payments platform.

Australia , Brisbane , Queensland , Australian , Annie-kane , Brodie-haupt , Drew-haupt , Elite-broker , Adviser-live , Wlth , Aunches

Macroprudential controls 'just a cyclical response': AMP Capital

More fundamental policies by state and federal governments are required to address poor housing affordability in addition to macroprudential policies, an economist has argued. AMP Capital chief econ

Australia , Melbourne , Victoria , Sydney , New-south-wales , United-kingdom , Australian , Malavika-santhebennur , Josh-frydenberg , Shane-oliver , Brodie-haupt , Demographia-housing-affordability

WLTH to launch $15m raise, flags expansion

Mortgage Business
WLTH to launch $15m raise, flags expansion
By Sarah Simpkins
26 July 2021
Brisbane digital non-bank lender WLTH is set to open a $15-million capital raise, while signalling plans to drive its next scale-up phase and to support an ocean-cleaning initiative.
The new $15-million Series A raise has come off the back of WLTH closing a $3-million seed round, which the lender has said will drive expansion and green efforts.
The lender has plans to use the funding to grow of its proprietary platforms, ahead of the launches of a business payments platform and loyalty program, as well as senior hires.

Brisbane , Queensland , Australia , Sydney , New-south-wales , Sarah-simpkins , Brodie-haupt , Adviser-new-broker-academy , Lending-loop , New-broker-academy , Mortgage-business , பிரிஸ்பேன்

RBA reveals rate decision for June

The central bank has announced its official cash rate decision for June, and said that it would be monitoring trends in housing borrowing “carefully”.

Australia , Malavika-santhebennur , Harley-dale , Philip-lowe , Brodie-haupt , Jobtrainer-fund , Reserve-bank , Family-home-guarantee , Medium-enterprise , Recovery-loan-scheme , Boosting-apprenticeship-commencement , Better-business-summit

Non-bank launches $5m capital raise

Non-bank launches $5m capital raise
mortgagebusiness.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mortgagebusiness.com.au Daily Mail and Mail on Sunday newspapers.

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Seven money changes Australians must watch now

Trends in finance and technology accelerated rapidly in 2020 and the fast pace of change is tipped to continue this year and impact the way Australians earn, spend, save and invest.
Our personal finances will be affected by the economy, financial markets and the vaccine rollout, according to money specialists, who say some trends are here to stay.
Here are seven to keep an eye on.
1 LOWER INCOMES
People management platform Employment Hero's head of financial wellness, Ray Jaramis, said Australians would earn less than they did last year.
"We saw a new record low for wage growth in 2020, which tells us employers simply do not have the same resources or cash available to pay staff the same pay rises and bonuses of previous years," he said.

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Neolender CEO reveals broker plans

Neolender CEO reveals broker plans
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The co-founder and CEO of new mortgage lender WLTH has revealed his plans for distribution, which include the broker channel.
The Brisbane-based digital lending and payments provider, WLTH, launched into market earlier this month, announcing its intention to issue $1.23 billion worth of residential and commercial loans by the end of the 2022 financial year (FY22).
The fintech is the brainchild of Brodie Haupt, Drew Haupt, Darren Hodgkin and John Kerr, and builds on the entrepreneurs’ growing group of businesses covering wealth management, property management and mortgage broking.
The new lending offering will cover a range of owner-occupier and commercial loans, funded through a mortgage warehouse. WLTH is also expecting to open a capital raise on 30 January for seed funding.

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