If you’ve ever wondered what it would be like to work for an Australia tech unicorn such as design site Canva and fintech leader Afterpay, your chance to ask the person in charge comes up next Wednesday, October 23, at Career Hack: Australia’s Tech Recruitment Fair, in Sydney. The expo will feature dozens of leading… Read more »
Friday already? Here’s the latest in tech news. 1. Atlassian had a good quarter and went shopping The Sydney-based global tech giant released its quarterly earnings today, revealing an 36% jump in revenue from 12 months earlier to US$363.4 million – 28 cents earnings per share (EPS). The result beat Wall Street expectations of $351… Read more »
• First quarter fiscal year results for the Nasdaq-listed tech giant were filed with the US Securities and Exchange Commission today • Net income was US$69.3 million for the first quarter FY2020 • Total revenue was US$363.4 million for Q1 FY20, up 36% from the same period a year ago • Operating loss was… Read more »
Canva co-founders Cameron Adams, Cliff Obrecht and Melanie Perkins. Photo: supplied Privately-owned online design startup Canva says its market value is now US$3.2 billion (AU$4.7bn) after a US$85 million (AU$125m) raise revealed on Thursday. Those lining up to support Canva’s 7th raise – taking the total investment to AU$333 million in five years – with… Read more »
Hello Thursday! Here’s the tech news. 1. UBS says sell Afterpay Shares in buy now, pay later fintechs are copping a beating today. A research note by investment bank UBS placing a sell rating on Afterpay and rival Zip, appeared to spark an investor stampede for the exits. Two days after hitting a record high of… Read more »
The 2019 EY FinTech Australia Census reveals the Hayne Financial Services Royal Commission was good for the local fintech sector 42% of fintechs say relationships with existing financial institutions improved over the past year 77% of fintechs are now post-revenue and median revenue has grown 80% from 2018 Nearly half report a stronger uptake of… Read more »
Shares in ASX-listed buy now, pay later (BNPL) fintech companies have plummeted in the last 24 hours after investment bank UBS placing a sell rating on market darling Afterpay and rival Zip. Afterpay’s share price hit a record high of $37.30 on Tuesday, up more than 200% on its $12 start to 2019. But… Read more »
Properlytics, a new proptech platform for property owners to keep track of the value of their investments has been released by Brisbane fintech developer Brodie Haupt. Designed so investors can manage and track the performance of their real estate portfolio and keep all the information at their fingertips, Properlytics saves hours in record-keeping and staying… Read more »
The most recent trends in fintech investment in Australia will be debated by some of the investors at the forefront of the sector a special Techboard Roundtable in Melbourne this Friday, October 18. Presented in association with Fintech Australia and the Intersekt Festival, the Techboard roundtable discussion will focus on the future of funding for… Read more »
Welcome to Wednesday. Here’s today’s tech news. 1. Global fintechs are preparing to hit Australia UK software startup TrueLayer is heading to Australia in 2020, The SMH reports, paving the way for a bunch of fintechs to take advantage of the country’s open banking policy when it kicks off in February. TrueLayer’s software is an… Read more »
Up co-founder Dom Pym and TransferWise head of banks Murali Akella. App-based neobank Up is partnering with fellow fintech TransferWise to offer international payments in 52 currencies. More than 130,000 Up users will be able to make overseas payments from their transaction account under the deal. Up co-founder Dom Pym said the integration with TransferWise… Read more »
July co-founders Athan Didaskalou and Richard Li, with Strandbags MD Felicity McGahan (centre). Melbourne luggage brand July, already set to book more than $5 million revenue in its first year, has raised A$10.5 million in a Series A, led by veteran accessories retailer Strandbags and a private investor. Strandbags is owned by Michael Lewis, chairman… Read more »
Happy Monday everyone. Here’s the latest tech world news from around the globe. 1. WeWork needs to find a major financial backer or it’s the end within weeks. WeWork’s financial woes are so severe that the business could run out of cash by the end of November, some analysts believe. Will SoftBank, having already… Read more »
If you’ve just lodged your FY2019 tax return and left off income from renting out a room for a few nights on Airbnb, you’d better let the Australian Tax Office (ATO) you need to make some amendments quickly. The global online accommodation site has given the ATO the rental income data – and much more… Read more »
Omar and Zane Sabre, co-founders of Maison de Sabre When Zane and Omar Sabre’s father was diagnosed with leukemia the brothers were faced with a dire situation – how could they come up with the money to pay for treatments, and ensure Zane could continue his university education? When their father’s diagnosis was made, Zane… Read more »
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