GROW Super launches own superannuation platform

Citi/

4 July 2019
| By Laura Dew |
image
image
expand image

GROW Super has launched its own distributed ledger superannuation platform TINA, as well as raising $17 million in a Series C funding round.

GROW Super, a start-up superannuation fund that launched in May 2017, said it had raised the money thanks to support from firms such as Citi, R3 and Greenstone Financial Services. Meanwhile, TINA was the firm’s blockchain enabled technology for superannuation funds and wealth platforms.

Chief executive, Josh Wilson, said the development of TINA would enable it to advance its operational structures and introduce cost and operational efficiencies.

“Consumers are the big winner here, TINA will introduce drastic cost and operational efficiencies as well as enabling industry to evolve its value propositions- delivering greater value and experience to consumers at a better price and greater speed.”

Co-founder, Mathew Keeley, said: “Technology enabled TINAs value proposition, giving superannuation funds greater control of how they deliver member outcomes.”

GROW Super said it was administering a closed cohort of members on TINA in its new master fund which it recently acquired.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

2 months 3 weeks ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

2 months 3 weeks ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

4 months 3 weeks ago

ASIC has suspended the Australian Financial Services Licence of a Melbourne-based financial advice firm....

1 week 3 days ago

The corporate regulator has issued infringement notices to three AFSLs whose financial advisers provided personal advice to a retail client while unregistered....

2 weeks 1 day ago

ASIC has released the results of its first adviser exam to be held in 2025, with 241 candidates attempting the test....

2 weeks 6 days ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND