Techboard Startup Ranking #8
For the period ending 16 December 2015
Simply Wall Street tops our final ranking of 2015, capping off a great year for the now Sydney-based fintech startup. The company was a finalist at this year’s OzApp awards, as well as one of seven aussie startups (and the only one from WA) included in KPMG’s FinTech 100 report, a global review of innovators in fintech. (Commentary continued below).
Here is a taster of the top 100 in Techboard’s latest startup ranking for the fortnight ending 16 December 2015
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As if this wasn’t enough, Simply Wall Street co-founder Nick van den Berg told Techboard this morning he’d just heard they were one of four winners of the City Mobile Challenge Asia Pacific. Each finalist is set to receive a US$25k award plus the opportunity to explore a commercial relationship with Citi and other sponsors. This caps off a fantastic couple of weeks for Simply Wall Street, and Nick is obviously excited.
“2015 has been very good, 2016 should be even better. We plan to start monetising our platform in March, we’ve been testing a freemium model and have already started pre-registering users for this. We are also releasing a mobile app in January or February, and plan to do another fundraise which should probably close mid next year. This is likely to be in the $2m and up space.”
Earlier this year the fintech closed a $600k round with the Sydney Angels and their sidecar fund. While Nick says the original kernel of the idea came out of Perth Startup Weekend in March 2013, when the idea was still called Ninjavest, he and his co-founder Al Bentley (also from Perth) moved the business over east to take part in an AWI Ventures accelerator program.
“We definitely have our roots in Perth, but we don’t go around saying we’re based in Perth as most of the team is in Sydney now. We had to move across to Sydney to take part in the accelerator, and ultimately in order to pursue partnerships with banks, which are pretty much all based in Sydney and Melbourne.”
Leading health directory Health Engine rounds out our top three, having secured a $1m investment from Go Capital as part of its recent $5m in capital raise, bringing its total raised in the last five years to almost $20m. It also ranked 32nd in Deloitte’s Technology Fast 500 APAC.
The company also recently reached 2 million bookings through its engine, which according to co-founder Marcus Tan demonstrates an accelerating trend in the growth of booking numbers.
“Our first million bookings took 44 months, our 2nd million bookings took 5.5 months, we expect our 3rd million bookings to take 3-4 months.”
Headquartered in Northbridge, Health Engine recently opened a Sydney office, and Marcus hints they are planning a possible ASX listing in next 12-18 months.
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