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|Venture capital investment in Australian fintechs has grown despite concerns about the pandemic which has seen private equity and mergers and acquisitions activity fall, a new study from KPMG shows.|
|Sydney-based law firm JPB Liberty has filed a class action against Facebook and Google for the losses suffered by Australian cryptocurrency providers after their bans on cryptocurrency advertising.|
|HUB24 revealed it signed 105 new licensee agreements during the last financial year, as it reports an underlying NPAT of $10.1 million, up 49% on FY19.|
|Accounting software provider Xero has acquired an invoice financing business, set to help small businesses access capital.|
|Global custodian Northern Trust announced it has redeveloped its environmental, social and governance analytics capabilities to now include key environmental data categories.|
|The financial services software provider reported a 14% decrease in net profit after tax at $26.3 million at from the previous corresponding period.|
|EQT's mandate wins in last financial year swelled its total revenue by 3.2% to $95.4 million, while net profit before tax was down 3.3% to $31.3 million.|
|Digital dealtech company thedocyard has entered into a heads of agreement to acquire 100% of tech company Ansarada and has announced a $45 million capital raise to help fund the transaction.|
|IFM Investors and Regal backed Spitfire has appointed administrators, as it looks to restructure the group after a shareholder reneged on promised funding.|
|Class announced that it has executed an agreement to buy 100% of Assuriti (Smartcorp) for $4.2 million as it reported a 15% increase in FY19 operating revenue.|
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After four months of due diligence, the two super funds have confirmed they will merge before the end of the year.
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The $179 billion sovereign wealth fund has promoted internally to appoint a deputy chief investment officer for portfolio strategy.
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The alarming rate that financial advice is increasingly becoming unaffordable for everyday Australians further cements the position of the rich and powerful, an inquiry heard this morning.
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The Sydney multi-boutique has appointed a Queensland-based distribution director, hiring from GSFM.
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