Fintech Hub Stone & Chalk Experience Overwhelming Demand

31 July 2015

As published in CK Momentum Issue 7 (Click here to download)

Stone & Chalk describes itself as “an independent, not for profit Fintech hub whose overarching objective is to help foster and accelerate the development of world leading Fintech startups”.

Before it has even launched, Sydney’s new Stone & Chalk has had to find alternative larger office premises to cope with the demand of receiving 350 applications from entrepreneurs for 150 places initially on offer.

“Disruption” is the language that everyone is talking on both sides, but according to CEO, Alex Scandurra, this is not just about big, established players protecting their patch by

keeping a closer eye on new developments.

“While we are partnering with large organisations,” Scandurra is reported as saying, “they do not in any way control what we do … or get guaranteed access to the teams. It is about the startups first”.

This bulletin is produced as general information in summary for clients and subscribers and should not be relied upon as a substitute for detailed legal advice or as a basis for formulating business or other decisions. ClarkeKann asserts copyright over the contents of this document. This bulletin is produced by ClarkeKann. It is intended to provide general information in summary form on legal topics, current at the time of publication. The contents do not constitute legal advice and should not be relied upon as such. Formal legal advice should be sought in particular matters. Liability limited by a scheme approved under professional standards legislation. Privacy Policy

Subscribe

…and we’ll email you valuable insights into issues affecting you and your business.

More Insights

30 November 2022 Deadline to apply for Director Identification Number is fast approaching

Nov 18, 2022

Company directors must be aware that you have less than two weeks left to apply for a Director Identification Number (DIN), or risk exposure to a substantial monetary penalty. The introduction of the DIN initiative seeks to promote good corporate governance and...

Penalties to increase under proposed amendments to Competition and Consumer Law

Sep 30, 2022

The Federal Government released exposure draft legislation aimed at increasing penalties for contraventions of Australia’s competition and consumer laws. In August 2022, the Federal Government released the Treasury Laws Amendment (Competition and Consumer Reforms No....

Is a personal guarantee always binding?

Jul 29, 2022

In the current environment with rising inflation and interest rates, there is more pressure on business owners and individuals to ensure financial obligations are met. This is particularly so when these obligations have been guaranteed by business owners, directors,...