FinTech Australia managing director Rebecca Schot-Guppy appeared before the Senate Select Committee on Financial Technology and Regulatory Technology last week. The committee is investigating the potential and opportunities in FinTech and RegTech for Australian business and consumers and initiatives to promote startups in the sectors. The committee is due to hand down its final report in… Read more »
Overseas investors are playing an increasingly important role in Australia’s venture capital support for startups according to new data from the Australian Bureau of Statistics (ABS). While the latest figures, which date to the end of the 2019 financial year, show a 1% fall in the value of commitments – the capital pledged by investors… Read more »
Raising capital for most people is made to feel like there is a mysterious art to the process. The truth is, it is nothing more than a marketing and sales exercise. Marketing is the interest attraction, and sales is the conversion to an investor. The only difference, people are a lot more passionate about… Read more »
When founders are pitching for venture capital investment, the topic of exit strategies is often raised as founders are eager to provide reassurance that they have their sights on a liquidity event that will deliver a return to their investors. But VCs are much less interested in the end goal than founders might think.… Read more »
Ian Gardiner has been working with the Australian startup ecosystem for more than 15 years co-founder of Innovation Bay, helping entrepreneurs network, raise capital and collaborate. But even the startup veteran admits that despite the millions raised in seed funding and the thousands of entrepreneurs he’s met and worked with over that time, little was… Read more »
It’s rarely easy for angel investors to figure out which startups are worth the time and investment. Once you’ve built a reputation as an active and trusted investor, you may find yourself buried under a vast number of approaches, all which require you to do due diligence research or to spend an inordinate amount of… Read more »
Investment in Australia’s fintech sector in the first six months of 2019 was half the level of 12 months ago, but the second half of the year looks set for a dramatic improvement according to a new report from KPMG. Investors poured US$101.1 million into fintech in Australia in H1 2019, down from US$223m… Read more »
Bridges are said to be a monument to progress. For many start-ups, bridging rounds of capital are exactly this – a step towards success. They may not have been part of the original game plan, but they are often a necessity in the unpredictable world of entrepreneurialism. Reasons for a bridging round can be varied.… Read more »
Canva has bought two of the world’s biggest free stock content sites Pexels and Pixabay. It’s also launched Photos Unlimited, a “Netflix-style” stock photography subscription service The Sydney startup is reportedly raising more cash that could more than double the company’s value to $2.5 billion Graphic design and publishing startup Canva has spent some… Read more »
Australia is spending a fraction of its GDP on artificial intelligence and machine learning, compared to its international rivals, and will lose jobs without increased investment in the technology, experts says. Analysis by the University of Adelaide’s Australian Institute for Machine Learning (AIML), which is pushing to establish a National Centre of Excellence in Machine… Read more »
Melbourne-founded fintech Airwallex is the latest Australian startup to hit unicorn status following the closing of a US$100 million ($141 million) Series C round led by DST Global.
CRM software company Salesforce has launched a US$50 million ($70.5 million) Australia Trailblazer Fund to invest in local startups.
Artesian Venture Partners has partnered with the Grains Research and Development Corporation to launch GrainInnovate, a $50 million agtech fund.
GOFAR has created a device that, plugged into a vehicle’s diagnostic port, can track a driver’s performance, monitor the car’s health, and easily log mileage expenses via a connected app.