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 »
At a time when small businesses across the nation are struggling, PayPal Australia has launched a new online marketplace in collaboration with Buy From The Bush to provide a permanent eCommerce platform for rural small businesses to expand their reach.
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 »
Antler Sydney is on a hot streak. In just 16 months, the Australian arm of the global early-stage VC has raised a $46 million fund, invested in 41 companies, and grown its local operations team to a headcount of 24. Now, it has announced the 16 startups recently built with and invested in by Antler.… Read more »
In recent years, artificial intelligence (AI) has shifted from being something in a science fiction novel to reality. Every day, AI-powered tools are playing an increasing role in our lives and undertaking tasks once the exclusive domain of humans. The pace of AI development is also increasing. Led by large technology firms such as Google,… Read more »
Victoria recorded one new case of COVID-19 on Monday, another fantastic result that suggests the coronavirus outbreak there is now being well controlled. Premier Daniel Andrews said on Tuesday the state was “well placed this weekend to be able to make very significant announcements about a further step to opening”. Yesterday there were 3 new… 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 »
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 »
Apple has released its new smartphone, the iPhone 12, without an accompanying charger or earbuds. Users have harshly criticised the company for this move and will have to purchase these accessories separately, if needed. While some see it as cost-cutting, or a way for Apple to profit further by forcing customers to buy the products… 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 »
Antler Sydney just invested more than $2 million in its largest-ever cohort of new startups
Victoria is easing lockdown restrictions – amid hopes to open up more ahead of November 1
Afterpay shares crashed through the $100 barrier after announcing a savings account deal with Westpac
How Australia can become an artificial intelligence powerhouse
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