How Aussiecommerce got $210M turnover & raised $3M. Followed by a Fintech panel discussion

How Aussiecommerce got $210M turnover & raised $3M. Followed by a Fintech panel discussion

Adam Schwab, Aris Allegos, Charlotte Petris

Our first speaker for 2016 will be Adam Schwab from AussieCommerceAris Allegos from Moula and Charlotte Petris from Timelio

Beginning with one employee in June 2010, AussieCommerce has expanded and innovated at a rapid pace. Today, the company has more than 400 employees globally and 15 e-retailers (LuxuryEscapes, brandsExclusive, TheHome, Cudo, Living Social, DEALS, PinchMe and more) under its umbrella claims an audience of more than 8 million people. AussieCommerce Group has grown to become one largest pure-play ecommerce groups in Australia in less than six years. The company currently has major offices in Sydney, Melbourne and Auckland, a warehouse in Lidcombe (NSW) and staff working across the US, New Zealand, the UK, the Philippines and the Ukraine.

During FY2015 the Group turned over more than $210 million, more than 50 percent higher than FY2014 ($138 million). It has had an average year-on-year growth in revenue of 242 percentsince its launch in 2010. They have raised a total of $3 millionsince late 2014 and has customers in Australia and the US. The success of the business has led to Mr Schwab being listed on BRW's Young Rich list with a wealth of $33m.

This month we will have a special fintech panel to discuss all things fintech! On the panel we have Aris and Charlotte.

Aris Allegos - Moula

Aris is a co-founder and CEO of Moula; Aris co-founded Moula to provide an efficient, and responsible, way for capital to reach small businesses in Australia.  They faced many challenges such as major players including OnDeck and PayPal, large well-funded American competitors. Managed to turn this challenge into a benefit as according to Mr. Allegos, “it validates the space we’re in, utilising online data to do credit checks.” In June, the company raised $30 million in Series A funding in a bid to accelerate growth and improve its product offering.

Charlotte Petris - CEO and Co-Founder

Charlotte is co-founder and CEO of Timelio, a peer-to-peer finance platform directly connecting businesses to investors. Charlotte founded Timelio after experiencing first-hand how difficult it was for businesses to raise finance. Timelio was recently awarded “Game Changer of the Year” by Visa and raised $500,000 capital to support their rapid growth. In less than a year Timelio has funded $10m to businesses in every state across Australia by investors around the world. In 2015, Charlotte was selected to participate in the US founded Springboard Enterprises Program for female entrepreneurs building high growth technology companies

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    CQ Functions 113 Queen Street, Melbourne VIC 3000

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