ASX

Shares in mining tech spinoff Orexplore Technologies tank on ASX debut

- January 21, 2022 < 1 MIN READ

A mining tech venture spun out of an ASX-listed mining services company has tanked on debut, falling 46%. Perth-based Orexplore Technologies (ASX:OXT) demerged from parent company Swick Mining Services (ASX:SWK) and made its debut today having raised $2.44 million at $0.25 per share. Orexplore shares closed at $0.135, down 46% amid a general hammering for small… Read more »

Fintech

The former boss of millennial super fund Spaceship handed 6-year ban

- January 21, 2022 2 MIN READ

The former CEO of fintech startup Spaceship has been banned from acting in the financial services sector for six years by the corporate regulator, ASIC. Paul Kevin Bennetts, of Elanora Heights on Sydney’s Northern Beaches, was found to have dishonestly obtained his Australian Institute of Company Directors (AICD) qualification following an investigation by the company… Read more »

Liquid Hydrogen ship
News & Analysis

Green hydrogen is coming – and Australia’s regions could thrive on a new export industry

- January 21, 2022 4 MIN READ

You might remember hearing a lot about green hydrogen last year, as global pressure mounted on Australia to take stronger action on climate change ahead of the COP26 Glasgow summit last November. The government predicts green hydrogen exports and domestic use could be worth up to A$50 billion within 30 years, helping the world achieve… Read more »

Dovetail
Funding

Research platform Dovetail nudges unicorn status with $87 million Series A

- January 20, 2022 2 MIN READ

Customer research platform Dovetail has raised US$63 million (A$87m) in a Series A for the software startup’s first major funding round. The raise was led by Accel, with participation from existing investors including Blackbird, Felicis Ventures, Grok Ventures, and CultureAmp CEO Didier Elzinga. New backers include Slack CEO Stewart Butterfield, Wedflow CEO Vlad Magdalin and… Read more »

will davies
Mergers & Acquisitions

Uber gobbles up Car Next Door

- January 20, 2022 2 MIN READ

Australian startup Car Next Door has sold to the US tech giant Uber after a decade in business. The price of the acquisition was not disclosed The peer-to-peer car rental platform first launched in Sydney in 2012 and now operates in all capital cities except Darwin, as well as the Gold Coast, Cairns,Launceston, and Newcastle.… Read more »

Mergers & Acquisitions

Canadian software company Marpost acquires Australian ecommerce platform Retail Express for $61 million

- January 19, 2022 2 MIN READ

The global expansion plans of Canadian ecommerce company Maropost continue with the acquisition of 15-year-old Australian retail platform Retail Express for CN$55 million (A$61m). Retail Express is the Australian & New Zealand leader in point-of-sale systems for mid-market and enterprise retail brands. Founder and CEO Aaron Blackman has bootstrapped the business since its launch in… Read more »

RBA
Cryptocurrency

The RBA’s digital currency project could create a ‘dystopian nightmare’

- January 18, 2022 3 MIN READ

Experts are warning the Reserve Bank of Australia (RBA) needs to be extremely carefully about how it pursues a Central Bank Digital Currency (CBDC) with fears it could destabilise the economy or create a dystopian nightmare. Central banks around the world are now exploring the evolution of fiat currency through CBDCs in response to the… Read more »

Covid-19

4 numbers to keep an eye on if you’re trying to predict when the Omicron Covid wave will end

- January 18, 2022 4 MIN READ

Before Australia’s recent changes to COVID testing, working out when we reached the peak of cases was, in principal, straightforward. We looked at the numbers of new daily cases, diagnosed via PCR. From there, we worked out a range of other key indicators related to COVID spread, testing and hospitalisation – each dependent on those… Read more »