“Shortly after our consumer launch, the reality that everything was going to be infinitely harder than we had anticipated started to sink in.”
Today financial services group FlexiGroup has announced a $2 million investment into Perth fintech startup Kikka Capital. FlexiGroup has agreed to acquire a minority equity interest in Kikka with an option to increase investment in the future.
Looking to further support and boost local businesses working in the B2C sector is Sydney startup InPin.biz. The startup is creating an online ecosystem for small businesses and diverse professionals to digitally market themselves.
Data-driven VC fund, Follow[the]Seed is investing $50 million into Australian startups that are seeking to raise between $500,000 to $2 million in post-seed funding. The Sydney-headquartered fund, which also operates across San Francisco, Tel Aviv and Beijing, will be using its proprietary algorithm RavingFans to identify key investment opportunities.