News & Analysis

36 things in the budget you need to know about, according to CommSec’s economist

- May 11, 2021 2 MIN READ

Treasurer Josh Frydenberg unveiled the full picture of the Morrison government’s 2021 budget tonight, following a series of headline announcements over recent weeks. Among the key details of a Coalition government that previously sought to hammer the Labor opposition over its deficit budgets during the GFC a decade earlier was the fact that the budget… Read more »

News & Analysis

Your 90-second guide to the day in tech

- May 11, 2021 2 MIN READ

Welcome to Budget Day! Here’s what we’ve spotted in tech from around the world. Pedalling backwards Covid craze bike business Peloton dropped its Q3 earnings late last week, and the numbers are impressive, with Q3 total revenue up 141% to US$1.2 billion, digital subscriptions rising 404% to around 891,000 for the quarter and total members… Read more »

Tyro
Fintech

Payments platform Tyro buys medical fintech startup Medipass

- May 11, 2021 2 MIN READ

ASX-listed payments platform Tryo (ASX: TYR) is spending $22.5 million to acquire NAB-backed digital health payment startup Medipass Solutions The deal gives an exit for the four-year-old Melbourne-based startup’s key investor, NAB Ventures. Founder Peter Williams and CEO Jonathan Davey will also sell their stakes, in the 100% acquisition by Tyro, but will remain with… Read more »

Funding

Fintech lender Athena banks $90 million series D

- May 11, 2021 < 1 MIN READ

Fintech Athena Home Loans has raised $90 million in its latest funding round. A range of previous investors returned for the series D, led by Square Peg Capital, including AirTree Ventures, Macquarie Bank, superannuation funds AustralianSuper, Hostplus, and Sunsuper, plus Salesforce Ventures, and Apex Capital. Athena previously raised $70 million in a series C in… Read more »

News & Analysis

Your 90-second guide to the day in tech

- May 10, 2021 3 MIN READ

Happy Monday! And welcome to a special Elon-gated edition of the guide. Musk unmasks Tesla boss Elon Musk chose legendary US comedy show Saturday Night Live to reveal he has the high-functioning autism spectrum disorder Asperger’s syndrome, saying he was the first person with the developmental disability to host the show. “Look, I know I… Read more »

Global tech

The ACCC is trying to insert itself into the App Store fight between Apple and Epic Games

- May 10, 2021 2 MIN READ

Competition regulator the Australian Consumer and Competition Commission (ACCC) is applying to the Federal Court to appear as part of a local legal battle between Fortnite maker Epic Games and Apple over control of the App Store. Epic has filed an anti-competition complaints against Apple in the European Union, UK, US and Australia over App… Read more »

Covid-19

Canva is leading some of the biggest names in Australian tech to help get medical supplies to India

- May 8, 2021 2 MIN READ

As the number of coronavirus in India surpassed 20 million this week, resulting in more than 220,000 deaths, a group of leading Australian tech and investment companies, led by Canva, have stepped in to launch a fundraising campaign to get much-needed medical supplies to the nation. Canva, in collaboration with SafetyCulture, Airtasker, Blackbird Ventures and… Read more »

News & Analysis

The startup sector responds to the Australian government’s $1.2bn digital economy plan

- May 7, 2021 8 MIN READ

The federal government revealed some of its budget plans this week with prime minister Scott Morrison and treasurer Josh Frydenberg announcing a $1.2 billion Digital Economy Strategy. The headline figure is not as impressive as it initially sounds, with that figure spread out over six years rather than the usual budget stretch of four. And… Read more »

Data Republic
News & Analysis

Sydney data exchange startup Data Republic has been placed in voluntary administration

- May 7, 2021 2 MIN READ

Data exchange startup Data Republic has been placed in voluntary administration after seven years and raising more than $30 million from prominent investors including ANZ, Westpac’s Reinventure, NAB Ventures, Singtel Innov8, Qantas Loyalty and Singapore Airlines. Founded in Sydney by Paul McCarney and Danny Gilligan in 2014, the business had expanded to have offices in… Read more »

Startup Daily on Ausbiz

Startup Daily TV: Rabobank’s agtech accelerator, FootBytes, is looking for startups to launch globally

- May 7, 2021 2 MIN READ

Innovative Australian food and agri startups have the chance to showcase their businesses on the world stage through the international FoodBytes! Pitch program, which is currently open for applications.  FoodBytes! is global agribusiness bank Rabobank’s food and agriculture innovation platform – designed to drive collaboration between startups, corporate leaders, investors and farmers as part of… Read more »