finder fintech roundup: Supersized hubs, the sharing economy and P2P

Elizabeth Barry 17 February 2017 NEWS

reading about fintech

What you need to catch up on in fintech to round out your week.

This week traditional thinking was turned on its head when a survey from MYOB revealed small businesses love the sharing economy. The government reignited its focus on the startup sector with the announcement of a new supersized hub and Auswide Bank has increased its stake in the peer-to-peer (P2P) market.

Sorry taxi drivers, but not every business hates the sharing economy

A new survey from MYOB has revealed the small- and medium-sized businesses may rely on the sharing economy as much as consumers. We chat to MYOB chief technical advisor Simon Raik-Allen to find out why.

What is a supersized startup hub and why is Sydney getting one?

State government-backed program Jobs for NSW has announced this week a new "supersized" startup hub. The hub will be open to applications from business accelerators, startup partnering services and incubators that want to be involved.

Auswide increases its equity stake in P2P lender MoneyPlace

Auswide Bank is increasing its equity stake in P2P lender MoneyPlace, bringing it a controlling hold of at least 51% in MoneyPlace. There is also a prospect of increasing this to 75%, but this depends on whether other shareholders take up a capital raising initiative.

The finder fintech roundup is a summary of the news in fintech from the past week. Check back every Friday to catch up.

Picture: Shutterstock

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