Scaleup Mediafund, a fund providing media ad inventory for equity, has announced food ordering and payments platform Hey You as its latest investment.
Ten months after merging, Australian startups Beat the Q and Posse have announced the closure of an oversubscribed Series A $5 million funding round led by Westpac’s $50 million venture fund Reinventure and 12-year-old venture capital firm Exto Partners. The new investment will be used to fund product development – specifically, to improve the payment process for customers when dining out or buying coffee and to introduce new features – as well as marketing and scaling merchant acquisition.
There’s nothing like a Jack Johnson concert to jump-start your career as an entrepreneur. Well … there is, but that’s where Adam Theobald and Scott Player came up with the idea for an app that eliminates the need for waiting in line. Beat the Q is a mobile and web-based application for time-poor and chronically impatient café-goers, who can make orders and payments in just 10 seconds through the app and pick up their cappuccinos and croissants when ready.
The lessons from Uber, Ola and rideshare’s disruption is that in the end, the consumer still pays 
Here are the finalists in Fintech Australia’s 2024 Finnies awards 
Atlassian cofounder Scott Farquhar steps down as co-CEO 
Unicorn dehorned: Nasdaq-listed Brisbane EV charging venture Tritium collapses into receivership 
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