What is it that makes it possible for certain founders to build global companies like Atlassian, Canva and Airwallex, when so many fail? It’s the multi-billion dollar question facing every startup sector across the world. It’s not just about having a viable idea, because many evolve considerably from their conception to when they go… 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 »
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 »
Prospa co-founders Beau Bertoli and Greg Moshal – an Australian fintech success story. Photo: supplied Global advisory firm KPMG is on the hunt for the best fintech startups in the world to compile its annual Fintech100. Nominations close on July 31, with the final list for the 2019 KPMG & H2 Ventures Fintech100 being… Read more »
Melbourne lawtech startup Plexus, has closed the largest venture capital raise in Australian legal history, $4.65 million in Series A funding, led by KPMG. The professional services company’s legal arm, KPMG Law has also formed a strategic alliance with Plexus. Aconex co-founders, Rob Philpot and Leigh Jasper, and Message Media co-founder Grant Rule also participated.… Read more »
According to KPMG, 62 percent of Australian startups don’t have any women on their boards.
Bookended by Canva’s $51 million unicorn-making round in January and Deputy’s $111 million Series B at the end of November, Australia saw venture capital investment in local startups reach $1.25 billion in 2018.
Digital transformation and trust among the biggest fears keeping Australian business leaders up at night
Digital transformation and innovation and disruption are the two big fears keeping Australian business leaders up at night, a survey has found.
Almost two thirds of Australian workers believe that their employer investing in mental health and wellbeing would improve productivity, a report has found, while 55 percent believe it would reduce sickness and absenteeism.
With startup founders working an average of 64 hours a week and the majority drawing a smaller salary than in their previous role, 96 percent report feeling stressed.
Almost $850 million (US$630 million) of venture capital was invested in Australian startups in the 2017-18 financial year, a new record for the local ecosystem.
Venture capital investment into Australian startups grew 1.4 percent in 2017 to hit US$555.63 million ($698 million), though the number of deals fell from 185 in 2016 to 135.
Smartpay is a payments company which offers its own open payments service API and physical EFTPOS devices to merchants and retailers.
The report from Committee for Sydney and KPMG found that the number of fintech companies in Australia has grown from fewer than 100 in 2014 to 579 today.
RMIT University has announced the launch of RMIT Activator City Hub, a new space to support the university members with innovative ideas and programs.