News & Analysis

Fires Near Me, the bushfires app used by millions, is up for grabs as tech co Arq struggles to balance its books

- January 15, 2020 2 MIN READ

When bushfires ripped through communities over summer, the New South Wales Rural Fire Service smartphone app, Fires Near Me, became a crucial warning system for many holidaymakers and residents. It quickly became of Australia’s most downloaded apps, with more than two million users – and around 1.6 million downloads in the two months leading up… Read more »

News & Analysis

Openpay is the latest buy now pay later fintech to list on the ASX – and its shares slumped

- December 16, 2019 2 MIN READ

Melbourne buy now, pay later (BNPL) fintech Openpay (ASX: OPY) became the last major startup listing for 2019, although initial trading wasn’t as auspicious as MoneyMe’s debut last week and Tyro in early December. Openpay raised $50 million issue at $1.60 per share for a market capitalisation of $150 million. Demand for the IPO exceeding… Read more »

News & Analysis

Aerial mapping tech veteran Aerometrex’s IPO is a massive hit with investors

- December 2, 2019 2 MIN READ

Aerometrex is expected to have a market capitalisation of approximately AUD$95 million when listed on the Australian Securities Exchange in early December. But demand for its 25 million IPO shares valued at $1.00 each has seen the initial offer close many times oversubscribed. Aerometrex Managing Director Mark Deuter said the explosive market interest stems from… Read more »

News & Analysis

Zip Co. goes on a $60 million hunt for more cash

- November 29, 2019 2 MIN READ

  Buy-now-pay-later service Zip Co. (ASX: Z1P) is looking to raise $60 million from a share issue to fund its UK expansion and move into small business lending. The fintech announced the capital raise to the market this morning. $50 million will come from a non-underwritten placement to professional and sophisticated investors, with $10 million… Read more »

News & Analysis

Prospa’s share price woes drag on following 2019 forecast downgrade

- November 21, 2019 2 MIN READ

SME lender Prospa’s week from hell for its investors continues after the fintech announced on Monday that it would understood its prospectus forecasts for 2019. Here’s the chart, courtesy of CommSec, that tells the story. Prospa (ASX: PGL) shares are down another 6.38% in lunchtime trade on Thursday to $2.20.  The Sydney fintech’s shares plunged… Read more »

News & Analysis

Artists e-commerce startup Redbubble’s shares have soared as it posts another profit

- October 24, 2019 2 MIN READ

Redbubble CEO Barry Newstead. Photo: supplied ASX-listed online marketplace Redbubble, which sells t-shirts, mugs and art by independent artists, has seen its revenue jump 37% to AU$70 million in the first quarter of FY2020, posting a massive turnaround in its profitability on 12 months ago. Shares in the business (ASX: RBL) have doubled in value… Read more »

News & Analysis

Medtech implant startup Osteopore listed today and its shares soared

- September 23, 2019 2 MIN READ

  Investors who backed medical technology company, Osteopore Ltd (ASX: OSX), which listed today, watched the company’s value go through the roof as the shares jumped by 300% in value and nearly a quarter of the 26.25 million shares issued changed hands. Osteopore 3-D prints “bioresorbable” implants for surgery that dissolve as the bone heals. … Read more »