HY20 revenue of $75.6 million up 12% on the prior year (HY19: $67.7 million), in line with November downgrade. Customer numbers up 45% on corresponding period to 26,900 in HY20 HY20 loan originations of $306.8 million, up 37% on the prior corresponding period Co-CEO Beau Bertoli moving to role of Chief Revenue Officer Small business… Read more »
G’day and welcome to Thursday. We’re hoping markets start to recover today. Or would the last CEO to leave please turn out the lights. 1. CEOs head for the exits It’s a big week for US corporate hi-flyers keen to spend more time with their families. First up, Uber Eats boss Jason Droege, who launched the… Read more »
Fintech investment in Australia had a massive 2019, with nearly AU$3 billion being ploughed into the sector according to the latest analysis by consultancy giant KPMG. The biannual Pulse of Fintech report for the second half of 2019 looks at global and regional fintech investment trends, and while global fintech investment fell to US$135.7… Read more »
The Seabin Project, a tech and education startup reducing the amount of waste in the world’s oceans, raised more than $1 million over the weekend as retail investors got behind an equity crowdfunding campaign for the social good venture. Seabin launched a month-long Series A Birchal campaign last Thursday, seeking up to $3 million at… Read more »
1. Ozdaq dacked The ASX’s new technology sector index, the S&P/ASX All Tech Index (ATI), an Australian version of the US Nasdaq composite index – which is why we’ve dubbed it the Ozdaq – had a less than auspicious start yesterday amid as concerns about coronavirus rattle markets globally. Around $51 billion in value was… Read more »
Happy Monday team. Here are some water cooler moments for you. 1. Uber faces US$1bn claim that it stole the idea A California jury has given the go ahead to an inventor’s plan to lodge a US$1 billion damages claim against Uber for allegedly stealing the idea from him. Kevin Halpern… Read more »
G’day. It’s been my absolute privilege to edit Startup Daily since July last year and I hope you’re enjoying it too. Personally, I can’t think of anything more exciting to write about in Australian business and society right now than the startup and tech sectors, from MCB’s battles and initiatives in climate policy to… Read more »
A new index featuring ASX-listed companies in the fast-growing technology sector launches on the Australian stock exchange on Monday. The S&P/ASX All Technology Index (All Tech Index), a partnership between the ASX and S&P Dow Jones Indices using the S&PDJI methodology, will go live on February 24, with an Australian version of the US… Read more »
First mover Uber has managed to capture 90% of Australia’s ridesharing market, a Roy Morgan study has revealed, but competition is expected to heat up as Chinese rival DiDi enters the Sydney market next month. When Uber first arrived in 2013, the service was illegal, but managed to establish its dominance before ridesharing was… Read more »
Fire-ravaged Australian communities struggling for power will have an solar energy solution thanks so Atlassian co-founder Mike Cannon-Brookes and his wife Annie. The duo are investing up to $12 million in a venture called Resilient Energy Collective (REC), designed to rapidly deploy solar panels and Tesla batteries in communities that have lost power in natural… Read more »
When former Shark Tank investor Andrew Banks went hunting for cash for Plastiq.it, the cashback retail rewards startup he founded just over a year ago, the serial entrepreneur took a novel approach, turning to equity crowdfunding seeking $400,000. The idea has paid off in spades, with the offer closing after hitting its target 25… Read more »
The Sydney Startup Hub in York Street, above Wynyard train station, marked two years of operation this month. The idea for an innnovation hub in the CBD was born in 2017 and kicked off in Feb 2018. It’s home to accelerators and co-working spaces such as Fishburners, Stone & Chalk, Tank Stream Labs, The Studio and Antler… Read more »
Happy humpday. We hope you’re being paid the right wage. 1. WiseTech shares smashed (again) as it blames coronavirus for revenue downgrade Shares in Sydney-based logistics company WiseTech (ASX: WTC) are being smashed today after the company downgraded its revenue and earnings forecasts for the second half of FY2020, blaming coronavirus. The company… Read more »
St George Bank’s $100,000 Kick Start program is offering up to $40,000 in grants to help a startup or small business venture launch or boost its early-stage growth. Applications are open now for the grants here. The plan is to choose 12 finalists for a pitch competition at TEDxSydney on May 22, with two $40,000… Read more »
Hello and happy Tuesday. For Jeff Bezos, it’s just another Day One on earth. 1. Holden out Tesla’s share price shot through the US$800 barrier last week and on Friday Elon Musk’s company announced it was selling 2.65 million secondary common stock offering at $767, a 4.6% discount from the closing price, to raise… Read more »
OZDAQ: The ASX’s new tech index goes live on Monday with 46 companies worth $100 billion
POWERING UP: Mike & Annie Cannon-Brookes are spending $12 million to bring a little sunshine to 100 bushfire-hit communities
Mark Twain, money and the math show why business should focus on diversity over merit
Equity crowdfunding dabble by Shark Tank investor Andrew Banks strikes gold
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