AllFin plans to match companies, projects and investment managers seeking funding with relevant investors.
BMYG is establishing two iterations of the tool, in Chinese and English, with different functionalities being launched in stages.
In December, the portal will launch with a property valuation tool, a portfolio management system and features to list investment opportunities and promote research.
By the end of next year, AllFin plans to have professional service providers, a roboadvice tool, smart investment/products matching, AI, blockchain and machine learning capabilities
BMY Group CEO Eric Gao said the platform is the natural evolution of BMYG’s business model, which has thrived on connecting Australian opportunities with Chinese investors.
“In the last eight years, we have been working with high-net-worth and professional investors, to match them with opportunities, products and professional services in Australia,” Mr Gao said.
“We’ve hit a point where it’s impossible for us to surface and vet every deal that crosses our desk. So we’ve created a platform that will connect opportunities with investors and allow both parties to leverage a fintech platform efficiently and effectively.”
It says it will also serve as a platform for thought leadership, professional service providers and research in investment.
“We’re aiming for AllFin to be Australia’s first trusted online ecosystem for deal making,” Julius Wei, co-founder and head of investment at BMYG, said.
“It builds on BMYG’s mission to bring new forms of funding to the Australian marketplace, and help Australian opportunities to truly connect with Chinese market.”
Sarah Simpkins
Sarah Simpkins is a journalist at Momentum Media, reporting primarily on banking, financial services and wealth.
Prior to joining the team in 2018, Sarah worked in trade media and produced stories for a current affairs program on community radio.
You can contact her on [email protected].
