Allens, the global Australian law firm, has taken the digital transformation of the legal system by the tassels of its silks and is backing seven startups in a new accelerator program called Auctus (Latin for “enriched”.) The startups, based in four different countries, tackle issues such as document automation, smart contracts and AI-driven knowledge management,… Read more »
Brisbane fintech WLTH calls itself a digital “non-bank” providing financial services to the Australian market. The digital lender and payments provider launched just a few weeks ago after spending more than a year develop its tech stack amid ambitions to capture $1.23 billion worth of residential and commercial loans by the end of FY22. WLTH’s… Read more »
It’s Thursday and I’ve got Friday on my mind. The big news today is Facebook’s news ban, which we’ll be discussing further on the Startup Daily show on Ausbiz.com.au every weekday, 2-2.45pm. Watch online, download the ausbiz app or via 7Plus. Get Zucked Facebook, the $1 trillion giant, reminded everyone in Australia who’s in charge today by staging the… Read more »
If you’re reading this story, then you probably didn’t see it on Facebook. The social media giant announced overnight that it would ban Australian news media from its site, following through on a threat in response to the Australian government’s plans to force Google and Facebook to pay media companies for news featured on the… Read more »
SME challenger bank Judo Bank is an even bigger unicorn after scooping up $284 million in a round 4 capital raise. The raise values the bank, founded in 2016, at $1.6 billion, an increase of 60% on its valuation following a previous raise seven months ago. Judo co-founder and co-CEO, David Hornery, said more than… Read more »
It’s Wednesday, there’s lots happening and Victorians are free to dance once more. Here’s today’s news, and don’t forget to tune in for the Startup Daily show on Ausbiz.com.au every weekday, 2-2.45pm. Watch online, download the ausbiz app or via 7Plus. Facebook ban Morrison government backbencher Craig “try the bleach” Kelly has been sin-binned by Facebook for a week… Read more »
A group of shareholders with more than 20% of the issued capital in failed neobank Xinja are pushing the company to keep its banking license. Xinja announced in December that it was handing back its backing licence and has since returned more than $250 million in deposits to customers Investors have been presented with two… Read more »
Melbourne-based fintech Quest Payment Systems has developed a tap-to-phone payments solution, Airpay TAP, that recently received approval from payments regulator Australian Payments Network (AusPayNet) for use for businesses to take payments via their smartphone. The first-of-its-kind SoftPOS (as they’re known) allows merchants to accept contactless card payments on almost any modern Android smart phone via an… Read more »
FinTech Australia has added two new awards to the annual Finnies, which are now open for entries. The new Excellence in Open Data award will examine how companies are managing and controlling their data, a issue that’s come to the fore with the launch of the consumer data right and open banking in July last… Read more »
Welcome to Tuesday. Fingers crossed for good news for Victorians to emerge from lockdown some time today. Here’s today’s news, and don’t forget to tune in for the Startup Daily show on Ausbiz.com.au every weekday, 2-3pm. Watch online, download the ausbiz app or via 7Plus. Zucktime Facebook is reportedly building a smartwatch – not to be confused with Facebook Watch,… Read more »
Fintech startup Effi has raised $1.2 million in seed funding as part of its push to become Australia’s leading mortgage broker platform. The round was led by Australian seed investment group Investible, US-based Hustle Fund and several mortgage industry leaders and brokers. Mandeep Sodhi, founder and CEO of the AI-powered company said he’s now looking to… Read more »
Happy Monday all. Here’s today’s news, and don’t forget to tune in for the Startup Daily show on Ausbiz.com.au every weekday, 2-3pm. Our guests today include Ignition Lane’s Gavin Appel with his weekly wrap of all the big tech news. Watch online, download the ausbiz app or via 7Plus. Google & Facebook start talking A Senate inquiry into… Read more »
The Commonwealth Bank is launching a CommBank Green Loan for its home loan customers to purchase and install renewable technology, offering an interest rate of just 0.99%. CBA Group Executive Angus Sullivan said the move was part of the bank’s commitment to net zero emissions by 2050. “The CommBank Green Loan offers an historically low… Read more »
AustCyber will become a wholly-owned subsidiary of startup hub Stone & Chalk in a merger deal to ensure the future of the government-backed cyber-security group. Launched in 2017, as part of the federal government’s “innovation nation” program, AustCyber was funded through government grants that end in 2022. Among its key achievements during that time were… Read more »
Tech giant Amazon is setting up a new Adelaide office at the city’s innovation hub, Lot Fourteen, with a promise to create more than 50 jobs by 2024. The new office will include Amazon Web Services (AWS) and Amazon Sciences, a team carrying out world-leading artificial intelligence (AI) and machine learning (ML) research. State Premier… Read more »
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Here are the finalists in Fintech Australia’s 2024 Finnies awards 
Atlassian cofounder Scott Farquhar steps down as co-CEO 
Unicorn dehorned: Nasdaq-listed Brisbane EV charging venture Tritium collapses into receivership 
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