Australia: Stockspot raises $2.2m Series B; InDebted secures $1m seed round

Waterfront view of Sydney, Australia

Australian startups Stockspot and InDebted have raised funding in the form of a Series B and seed round respectively.

Stockspot raises $2.2m Series B

Sydney-based robo-adviser and fund management firm Stockspot has secured a $2.2 million Series A round led by Graham Tuckwell, founder of international asset management company ETF Securities, and Australian investment manager and fund Alium Capital.

Australian entrepreneur and Young Rich List member, Danny Bhandari, and existing investors joined in the round.

This brings Stockspot’s total equity funding to $3.7 million, having raised $1.25 million in June 2015

Founder and CEO Chris Brycki said, “Our new shareholders have deep knowledge across exchange-traded funds, wealth management, and fintech. Globally, robo-advice is the fastest growing category of wealth management, it is expected by 2020 total global assets under management will grow to $2.2 trillion.”

InDebted raises $1m seed from Reinventure Group

Westpac Banking Corp’s venture capital fund, Reinventure Group, has backed a $1 million seed round in Sydney-based debt collection platform InDebted. This marks its 15th transaction since inception in early 2014.

InDebted claims to be revenue-generating with over 1,000 customers.  InDebted has plans to expand its platform to service banks and other companies with large numbers of debtors.

Currently, the firm competes against the likes of ASX-listed Credit Corp and Collection House. The industry is highly fragmented, with processes for collecting debts often paper-based and lacking data analytics.

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Stockspot looks to Asia for growth: Brycki, CEO

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.