Expectations that Victoria would begin to ease lockdown restrictions in Melbourne earlier than the planned have been put on hold by Premier Daniel Andrews as the state deals with a minor Covid-19 outbreak in the city’s Northern metro area. Andrews labelled it a “cautious pause”, but offered some hope that an announcement on easing could be… Read more »
39% of local fintechs have more than 500 paying customers, up from just 27% in 2019 72% of fintechs say the COVID-19 pandemic had a negative impact on their capital raising ability Payments, wallets and supply chain (30%) and lending (20%) are now the top two types of fintech services The Australian fintech sector… Read more »
Westpac Group has offloaded its 10.7% stake in fintech Zip Co Limited (ASX: Z1P) in a deal that should net the bank around $300 million in profit. The sale comes 24 hours after the bank announced a collaboration with Afterpay that will see the rival BNPL service offer a savings account and other cashflow management… Read more »
Digital travel industry veteran Hichame Assi has been chosen to replace Envato founder Collis Ta’eed as CEO of the Melbourne-based tech marketplace. The choice of the former HotelsCombined.com boss, who has a Masters in eCommerce from the University of London, follows a year-long global search. Ta’eed announced in August that he would step down… Read more »
Fintech Zip (ASX: Z1P) announced the launch of a new virtual tap and go buy-now-pay-later credit card that can be used with Apple Pay and Google Pay to purchase products as part of a new partnership with Visa today. Called “Tap & Zip”, the fintech says the product reimagines instore BNPL, which is currently offered… Read more »
Sydney fintech Zip Co Ltd (ASX: Z1P) will let customers use Apple Pay and Google Pay to purchase products as part of a new virtual tap and go buy-now-pay-later (BNPL) credit card in a partnership with Visa. Called “Tap & Zip”, the fintech says the product reimagines instore BNPL, which is currently offered by just… Read more »
Shares in Melbourne-based buy-now-pay-later fintech Afterpay are up more than 5% in the first hour of trade this morning to top $100 after the company announced it had signed a deal with Westpac to offer savings accounts and cash flow tools to its Australian customers. The partnership will allow Afterpay (ASX:APT) to provide Westpac (ASX:… Read more »
The founders of three prominent Byron Bay brands from the NSW far north coast holiday town have launched a new environmental initiative to produce carbon neutral products that are also designed to generate investment income for climate positive projects. ‘We, the many*’ has been founded by the Brook family—Pam, Martin and their sons Will and… Read more »
V2food, the fake meat joint venture between Hungry Jacks billionaire Jack Cowin and the CSIRO, has raised $77 million (US$55 million) in a series B round involving several Asian investors including Singapore’s state-owned Temasek Holdings as it looks to push into region with its plant-based burger mince. Investment companies ABC World Asia, Altitude Partners and… Read more »
Jaaims is Australia’s first fully automated trading app which does the hard work for investors when it comes to analysing stocks and making calculated trades. It connects to your broker account and uses an artificial intelligence (AI) trading algorithm analyse your chosen stocks and then automatically buy and sell. Jaaims works on on more than… Read more »
Melburnians will be able to roam up to 25km from their home from midnight tonight, with outdoor real estate auctions returning, as well as tennis courts, golf courses and skateparks reopening under a softening of Victoria’s lockdown restrictions announced by Premier Daniel Andrews on Sunday. The “third step” to reopen retail, hospitality, gyms, and personal… Read more »
The Morrison government and Big Four banks have committed $100 million each to the fund It will invest in around 30-50 high growth SMEs annually in return for a 10-40% equity stake The Business Growth Fund will have an independent management team selecting investments The fund will grow to $1 billion. The nation’s biggest banks… Read more »
Perth-based angel investor Greg Riebe has been named the Angel of the year for his contribution to and impact on angel investment in the startup community in the annual Techboard 2020 Australian Angel Investment Awards. Despite fears that it would be a lean year for angel investment, Techboard found that total funds deployed by… Read more »
Startmate’s first-ever fully remote cohort of 16 Australian and New Zealand startups to pitch at live-streamed Demo Day this afternoon, October from 4.30pm. The event comes as Startmate opens applications for its hugely popular Office Hours program, on again this November, which aims to support up to 1000 founders from Australia and New Zealand by… Read more »
IKEA Australia will install solar panels generating 1.2MW of electricity on the rooftop of its Adelaide store as it moves towards operating with 100% renewable energy by 2025. The project will create largest grid-connected commercial microgrid, connecting with the South Australian power network, and will be coupled with a 3.4MWh onsite battery – think around… Read more »
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