Earlypay CEO James Beeson
Other

ASX-listed Earlypay to acquire Melbourne fintech Timelio for $3 million – a quarter of the $12.5m investors poured into it

- November 7, 2023 2 MIN READ

ASX-listed Earlypay is acquiring invoice financing fintech Timelio in a deal that delivers a major haircut for the startup’s investors. The Melbourne fintech provides invoice and trade financing to Australian SMEs, but appears to have been on a downward trajectory for more than 12 months. Cofounders Charlotte and Andrew Petris left Timelio in mid-2022. Charlotte… Read more »

Naomi Simson
ASX

RedBalloon founder Naomi Simson joins Weebit Nano’s all-blokes board

- August 24, 2023 2 MIN READ

ASX-listed semiconductor business Weebit Nano is adding entrepreneur Naomi Simson to its board as a non-executive director (NED). Simson, who founded online experiences marketplace RedBalloon in 2001, is already busy as a company director, sitting on several boards, including Big Red Group, RedBalloon’s parent company, as well as Australian Payments Plus, Colonial First State, University of… Read more »

Ruslan Kogan and David Shafer.
ASX

She’s Apples: Ruslan Kogan wants his ASX-listed retail business valued like a software company after $25 million loss

- August 22, 2023 4 MIN READ

Shares in online retailer Kogan.com fell nearly 14% in early trade on Tuesday after the company revealed sales had fallen 28%, revenue dropped 32% and the business posted a 26% fall in gross profit for the 2023 financial year. The statutory net profit after tax (NPAT) loss was $25.9 million an improvement on FY22’s $36.2… Read more »

Rosterfy cofounders, Shannan Gove, Bennett Merriman and Chris Grant
Venture Capital

ASX-listed VC Bailador Technologies results reveal a mixed bag for investors

- August 16, 2023 2 MIN READ

While the failure of online retailer Brosa was a $4.5 million hit to the bottom line of ASX-listed venture capital firm Bailador Technologies Investments (ASX: BTI), the sale of healthtech startup InstantScripts was a massive win for investors in a difficult 12 months revealed in the company’s annual results today. Ironically, it was another ASX-listed… Read more »

Cass O'Connor
People

Veteran tech director Cass O’Connor to chair Airtasker as investor James Spenceley steps down to focus on humanitarian work

- June 2, 2023 2 MIN READ

ASX-listed jobs marketplace Airtasker will have its first female board leader with Cass O’Connor stepping into the chair role next month as James Spenceley departs after eight years. Spenceley, the founder of telco Vocus, is a prolific VC investor and North Sydney councillor and more recently founded humanitarian organisation Aus Ukraine Aid, was a seed… Read more »

R&D, science, man looking in microscope
ASX

Andrew Forrest doubles down on therapeutic ecstasy biotech Emyria

- May 1, 2023 2 MIN READ

ASX-listed biotech Emyria(ASX: EMD), which is developing psychotherapy treatments using MDMA (aka ecstacy) and psilocybin (aka magic mushrooms), has raised $2.5 million in share placement backed by existing investor Andrew Forrest through the healthtech fund Tenmile, part of his private investment group, Tattarang. The $2.5 million placement was jointly led by Perth’s Sixty Two Capital… Read more »

Airtasker CEO Tim Fung
ASX

Jobs marketplace Airtasker cuts staffing by 20%, shedding 45 jobs in push to turn cashflow around

- April 28, 2023 2 MIN READ

ASX-listed jobs marketplace Airtasker is the latest tech company to swing the scythe through its workforce, cutting 45 jobs – around 20% of its overall headcount – as part of a drive to become cashflow positive in the 2024 financial year. The redundancies are primarily in non-revenue generating functions the company (ASX: ART) said, releasing… Read more »

ASX

ASX-listed fintech IOUpay handed to administrators after its former CFO allegedly stole millions

- April 27, 2023 3 MIN READ

The board of ASX small cap IOUpay handed control to PricewaterhouseCoopers as voluntary administrators on Wednesday after a major fraud that siphoned off millions of dollars left the fintech unable to pay its bills. Shares in the Malaysia-focused fintech (ASX:IOU) have been suspended at $0.04 cents since the fraud was first uncovered in mid March.… Read more »

Afterpay, Nick Molnar, Anthony Eisen
Fintech

Apple Pay is about to mow down Afterpay to become Australia’s leading BNPL

- April 13, 2023 2 MIN READ

The first mover advantage that turned Block-owned Afterpay enjoyed since its launch nine years ago is about to end, with the world’s most valuable tech company, Apple, set to become Australia’s leading buy-now-play-later (BNPL). The Roy Morgan Digital Payments Report reveals it’s taken just 7 years for Apple Pay to build its local market penetration,… Read more »

Monty Python, flesh wound
ASX

Shares in Afterpay’s parent company are getting slaughtered after a short seller accused Block of ‘facilitating criminal activity’

- March 24, 2023 3 MIN READ

Shares in dual-listed Block (ASX:SQ2) fell more than 18% on the ASX on Friday after a US short seller, Hindenburg Research, published a lengthy report accusing the parent company of local fintech Afterpay of inflating its user metrics and fraud facilitation after it used Block’s Cash App to order a cash card under the name… Read more »

Kogan.com
ASX

Kogan.com, Dubber, Redbubble among 7 ASX companies dropped from the All Tech Index

- March 20, 2023 2 MIN READ

Online retailer Kogan.com, along with six other ASX-listed companies, have been dropped from the S&P/ASX All Technology Index, as part of a quarterly rebalancing of indices. The change takes effect from today, March 20. Alongside Kogan.com (ASX: KGN), Dubber (ASX: DUB), RedBubble (ASX: RBL), Temple and Webster Group (ASX: TPW), Cettire (ASX: CTT), Frontier Digital… Read more »