“There is a lot of awesome tech being developed and Australia has a chance to emerge as a fin tech hub as well. All those ingredients point to a future where bitcoin is going to play an important part.”

1. Bitcoin

Sebastien Eckersley-Maslin, chief executive of Blue Chilli, says “it’s definitely early days” for bitcoin in Australia – however, Asia is an emerging market to watch.

“Hong Kong is a bitcoin mecca and there is a lot going on there,” he says.

“There is a lot of awesome tech being developed and Australia has a chance to emerge as a fin tech hub as well. All those ingredients point to a future where bitcoin is going to play an important part.”

Eckersley-Maslin says as bitcoin becomes more established, we can expect to see people use the “bitcoin structure” to improve things in creative ways.

2. Internet-connected devices

Google is reportedly trying to lead the race when it comes to internet-connected devices in the home.

The tech giant bought Nest earlier in the year, a thermostat that users can control from their smartphone.

Rick Baker, managing director of Blackbird Ventures, says we will see more connected devices in our homes “and an emerging need to control them in an intelligent way” in 2015.

3. Peer-to-peer lending networks

Peer-to-peer lending networks are also a space to watch, according to Eckersley-Maslin.

“I like anything that disrupts an organisation that gets in the way of a transaction,” he says.

“SocietyOne in Australia is having some big wins and successes, which is going to drive a lot of interest in that space.”

Earlier this month the Sydney-based peer-to-peer lender closed a new funding round of more than $10 million, led by Consolidated Press Holdings, News Corp Australia and Australian Capital Equity.

Peer-to-peer lending allows investors to lend a fraction of a loan directly to a borrower without the need for a middle-man such as a traditional bank or financial institution.

“Peer-to-peer networks around financial services, real estate, car transactions – wherever… that’s going to be disrupted.”

4. US venture capitalists investing in Australia

Quite a number of Australian startups have scored investments from American venture capital firms this year.

In January, Technology Crossover Ventures invested $US30 million in online hotel distribution company SiteMinder. And in April, a Sydney startup secured $US250 million from Insight Venture Partners.

Baker says he thinks we will see this trend continue in 2015.

“Many of the top US firms are scouting in Australia for breakout businesses,” he says.

 

 

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