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 ago

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

2 months ago

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

4 months ago

Entireti has unveiled the new name for the AMP financial advice businesses that it acquired last year....

4 weeks 1 day ago

A Sydney financial adviser has been permanently banned from providing any financial services, with the regulator deriding his “lack of integrity, trustworthiness and prof...

3 weeks ago

Minister for Financial Services, Stephen Jones, has provided further information about the second tranche of the Delivering Better Financial Outcomes (DBFO) reforms....

1 week 6 days ago

TOP PERFORMING FUNDS