People

Regional Queensland startup founder Julia Spicer named the state’s new Chief Entrepreneur

- November 24, 2022 2 MIN READ

Goondiwindi-based businesswoman Julia Spicer has been appointed Queensland’s new Chief Entrepreneur. She will step into the year-long voluntary role, taking over from Wayne Gerard, next month. The appointment by Premier Annastacia Palaszczuk comes as the state turns its attention to hosting the Olympic Games in 2032 and the opportunities it provides for innovation and business.… Read more »

Cyber security

Children’s charity The Smith Family is the latest victim of cyber hackers

- November 24, 2022 < 1 MIN READ

The Smith Family, which helps disadvantaged kids succeed through education, is the latest target of cyber hackers in the wake of attacks on Optus, MediBank and other Australian corporates. The national charity believes the primary motive of the attack was an attempt to steal funds, but the hackers were unsuccessful. However, the personal information of… Read more »

Funding

VC survey finds nearly every startup founder thinks the current funding climate is having an impact on their plans

- November 24, 2022 2 MIN READ

Australian startup founders remain upbeat about the future, despite challenging conditions, according to a new survey from law firm Herbert Smith Freehills (HSF), but an overwhelming 97% say the current fundraising environment is impacting their business strategy. Despite startup failures, withdrawals from the Australian market by some global companies and down rounds in capital raises,… Read more »

Funding

AI-based recruitment startup Sapia raises $17 million in Series A

- November 24, 2022 2 MIN READ

Recruitment and talent analysis startup Sapia.ai, formerly known as PredictiveHire, has raised $17 million in Series A. The round was led by Macquarie Capital and W23, the venture capital arm of Woolworths Group. The capital is earmarked for continued overseas expansion, including making the platform available in multiple languages. Sapia’s artificial intelligence-powered automation platform is… Read more »

Business

Metigy founder now bankrupt as liquidators find the adtech startup didn’t earn ‘any revenue’ in its 7-year life

- November 24, 2022 2 MIN READ

David Fairfull, founder of adtech startup Metigy, which collapsed into administration in July, just 20 months after raising $20 million in a Series B, has been declared bankrupt, amid regulator ASIC taking a closer look at potential insolvent trading in the company. AdNews reports that Fairfull went bankrupt this month – his second bankruptcy following… Read more »

People

Cicada Innovations boss Sally-Ann Williams to lead government review into improving STEM diversity

- November 24, 2022 2 MIN READ

The federal government has asked an independent review panel to find ways to improve diversity and increase the participation of women in Australia’s science, technology, engineering and mathematics (STEM) sectors. The Pathway to Diversity in STEM Review will be chaired by Cicada Innovations CEO Sally-Ann Williams. Industry and Science minister Ed Husic said the panel… Read more »

People

 FinTech Australia partners with talent platform Upplft to help companies and workers find the perfect match

- November 23, 2022 2 MIN READ

FinTech Australia and talent platform Upplft have launched a new tool to help fintechs find and retain talent. Called “The Big Match” it aims to connect fintech industry jobseekers with new roles, which the companies involved can use it to help fill roles faster with candidates who have prior experience working in an early stage… Read more »

Business

History repeats with Deliveroo’s collapse echoing Foodora’s 2018 exit at the expense of gig economy riders

- November 23, 2022 3 MIN READ

When food delivery platform Deliveroo announced it was shutting down Australian operations last week, it cited a tough business environment, but that tough part may actually be a looming court case challenging the company’s contract work model, according to UNSW Business School lecturer Dr Greig Taylor. His view aligns with the Transport Workers’ Union, with… Read more »

Funding

Consumer data right startup TrueLayer puts Australian operations on hold

- November 22, 2022 2 MIN READ

UK software startup TrueLayer has halted Australian operations just 18 months after its arrival. TrueLayer’s software is an intermediary for other startups looking to use the data available under the the Consumer Data Right (CDR) and open banking regime to develop new fintech products. While the British fintech unicorn’s API platform currently processes more than… Read more »

ASX
ASX

RBA and ASIC rip into the ASX after dumping its $250 million blockchain experiment

- November 22, 2022 3 MIN READ

The Australian Stock Exchange has pulled the pin on its much-vaunted blockchain project after seven years of work and at a loss of about $250 million. The ASX has been working with tech firm Digital Asset (DA) to develop a replacement for its Clearing House Electronic Subregister System (CHESS) based on distributed ledger technology since the… Read more »

Other tech

3 Gold Coast startups looking to change the world for the better

- November 22, 2022 4 MIN READ

From unscrambling overwhelming life admin to unearthing untapped talent to ease the chronic labour shortages, a new generation of Gold Coast tech start-ups is solving close-to-home commercial dilemmas to go global. Combining an international mindset with the post-pandemic priority of local lifestyle, the Gold Coast is fast becoming home to a rapidly developing roll call… Read more »

Social Media

4 important things we’d lose if Musk tanks Twitter

- November 22, 2022 4 MIN READ

What do a cybersecurity researcher building a system to generate alerts for detecting security threats and vulnerabilities, a wildfire watcher who tracks the spread of forest fires, and public health professionals trying to predict enrolment in health insurance exchanges have in common? They all rely on analysing data from Twitter. Twitter is a microblogging service,… Read more »

Fintech

Sustainable investing platform Ethic Adviser looks to raise $1m Seed round

- November 22, 2022 2 MIN READ

Ethic Adviser, a sustainable investing solution for financial advisers, investment brokers and accountants, is looking to raise $1 million in Seed funding to expand the globally. The fintech was developed by Tom Culver last year, before launching in March, to give advisers a SAAS solution offering specialist sustainable investing tools and information. “With the acceleration… Read more »