News & Analysis

New digital banks 86 400 and Xinja are the first to launch app-based retail accounts

- September 10, 2019 3 MIN READ

Neobank Xinja has been granted a full banking license by Australian Prudential Regulation Authority (APRA), and will launch transaction accounts as the battle to carve out a digital slice of the $13 billion banking system’s revenue stream heats up.  APRA has now granted four authorised deposit-taking institution (ADI) licences to challenger banks, having recently approved… Read more »

News & Analysis

Shoes of Prey co-founder Michael Fox returns with a plant-based ‘meat’ startup backed by Mars

- September 6, 2019 3 MIN READ

  When  Mars Australia announced recently that it was backing six local food-focused startups with a $40,000 grant as part of the food giant’s Seeds of Change accelerator, a familiar name popped up among the successful applicants: Michael Fox. Fox co-founded Shoes of Prey, the customised online shoe startup that collapsed in March, costing investors… Read more »

News & Analysis

Here’s a first look at who’s speaking at Adelaide tech festival _southstart

- September 5, 2019 2 MIN READ

Chester Osborn, chief winemaker & viticulturist at d’Arenberg The first round of speakers for the two-day _southstart technology conference in Adelaide, November 20-21, have been revealed and include senior executives from Google, DFAT and Atlassian.  The issues discussed range from space to artificial intelligence, social enterprise, creative industries, blockchain and other technologies potentially redefining the future.… Read more »

News & Analysis

Reinventure makes two of its ‘lifers’ partners in the VC fund

- September 5, 2019 1 MIN READ

Reinventure Group has made Rohen Sood and Lauren Capelin, the first two people the fintech-focused venture capital fund employed when it launched five years ago, partners. Investment Manager Rohen Sood has been made General Partner. He was the company’s first employee following its inaugural investment into peer-to-peer lender SocietyOne in 2014. Sood has most recently… Read more »

News & Analysis

Australian space startup Fleet raises $11 million for its IoT plans

- September 5, 2019 2 MIN READ

One of these things is not a nanosatellite. South Australian startup Fleet Space Technologies  has raised US$7.35 million (AU$10.8m) to fund internet of things (IoT) connectivity to remote industries using nanosatellites. Global funds Momenta Ventures and Horizons Ventures – the private investment arm of Hong Kong billionaire Li Ka-shing- led the raise, with local funds Blackbird… Read more »

News & Analysis

Cannabis startup Greenfield MC moves into New Zealand ahead of legalisation vote

- September 4, 2019 2 MIN READ

Greenfield MC is the first Australian-owned company to cultivate medicinal cannabis for research purposes in New Zealand as part of a joint venture with a US-listed commercial producer Research into using medicinal cannabis to treatment of health conditions affecting Maori people is a focus NZ goes to the polls in 2020 with a non-binding referendum… Read more »

News & Analysis

7 charts on the state of VC investment in Australia

- September 3, 2019 3 MIN READ

Ian Gardiner has been working with the Australian startup ecosystem for more than 15 years co-founder of Innovation Bay, helping entrepreneurs network, raise capital and collaborate. But even the startup veteran admits that despite the millions raised in seed funding and the thousands of entrepreneurs he’s met and worked with over that time, little was… Read more »