News
Stone & Chalk unveils first residents for new Scaleup Hub at Tech Central
Stone & Chalk announced the initial companies joining its NSW Government-backed Scaleup Hub in Sydney, aiming to support technology growth and innovation.
Startup · $2.5m raised
OpenSparkz
Sydney, NSW
Funding history
-
Seed : $1,500,000
-
Seed : $1,000,000
Investors
Every investor coverage indicates participated in a round OpenSparkz raised.
| Investor | Rounds | Invested |
|---|---|---|
| Terry McMullen | Seed | - |
| Nigel Lovell | Seed | - |
| Louise Daley | Seed | - |
| Louise Daley | Seed | - |
| Ian McKenzie | Seed | - |
| Debra Taylor | Seed | - |
| Andrew Lo | Seed | - |
| Andrew Lo | Seed | - |
What OpenSparkz bought
Companies OpenSparkz acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
People
| Name | Role | Sources |
|---|---|---|
| Andrew Lo | SmartCompany, Australian FinTech | |
| Deborah Taylor | COO | Startup Daily |
| Debra Taylor | COO · Founder | SmartCompany, Startup Daily, Stone & Chalk |
| Ian McKenzie | CTO · Founder | SmartCompany, Startup Daily |
| Louise Daley | SmartCompany, Australian FinTech | |
| Nigel Lovell | Advisor · Founder | SmartCompany, Startup Daily |
| Terry McMullen | Chief Executive · Founder | SmartCompany, Australian FinTech, Startup Daily |
Coverage
Stories naming OpenSparkz. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Unnamed stage
$1.5m
Funding announcement
The Sydney Startup Hub just turned 2 – here’s what it’s achieved
A two-year retrospective on the Sydney Startup Hub profiles resident ventures, including Cheq's seed raise, OpenSparkz's funding totals and Antler's early-stage investments.
Unnamed stage
$2.5m
Armed with $2.5m, OpenSparkz goes from startup to scale to help consumers in Asia earn and burn in one step
Australian loyalty fintech OpenSparkz has secured $2.5 million as it scales its earn-and-burn platform for Asian consumers. The profile traces Terry McMullen's career through American Express and Pinpoint, which Mastercard later acquired.
2 deals
OpenSparkz completes second capital raising, attracts local and Asian investors
Australian fintech OpenSparkz closed an oversubscribed AUD$1.5 million seed round with new and existing investors, while a recalled 2017 seed round and its Mastercard Start Path acceptance are also noted.
Seed
Sydney fintech OpenSparkz wants to fix loyalty programs and coupons
Profile of Sydney card-linked offers startup OpenSparkz, its founding team, its seed backing from EFT Solutions, its place in Mastercard's Start Path program, and Mastercard's earlier acquisition of Pinpoint.
Key hire
Stone & Chalk appoints new Chairman and Board
Stone & Chalk announces Leona Murphy as its incoming chairman and seven new board members drawn from fintechs and corporate partners, while two long-serving directors step down.