75 per cent of Australian SMB owners said they can’t be sure they’ll be able to pay their own bills on time due to unpaid invoices.
Part of the reason why SMB owners are choosing to forgo a business loan is the amount of documentation required, with 80 percent stating it was onerous.
SMEs have access to a burgeoning surplus of tech products and services designed to improve productivity today. So much so that it feels easier to draw up a long list of favourites than it does whittle that down to a short one.
A survey of small business owners across Australia has found small business owners are sacrificing their work-life balance in order to achieve business success. The survey of 921 SMEs conducted by CGU Insurance revealed whilst small business owners cited the freedom of making their own decisions as a strong indicator of success, many of these… Read more »
Tyro has announced Robbie Cooke, the former managing director and CEO of Tatts Group, will take on the role of CEO at the end of March.
Government awards first commercialisation grants to researchers and SMEs through Global Connections Fund
A researcher at Charles Sturt University working to create environmentally sustainable solutions for the Murray-Darling Basin is among the first recipients of a commercialisation grant from the government’s Global Connections Fund.
Tyro Payments, the Sydney-based fintech company looking to become the next big Australian bank, has announced the appointment of Gerd Schenkel as its new CEO. Current CEO Jost Stollmann will move to the position of full-time executive director.
The NSW Government has today announced a $12 million Boost Program to develop a statewide innovation network. The program aims to connect startups to the resources and qualified professionals they need to help build their businesses.
As it gears up to open its Melbourne office, Chinese ecommerce giant Alibaba has announced the signing of an agreement with the Australian Trade and Investment Commission, Austrade, that will look to strengthen trade opportunities across Australia and China.
Australian small business lending marketplace Bigstone has secured $3 million in a seed funding round led by CVC Limited, Lighthouse Venture Partners and Australian private investors. The funds will be used to fuel expansion and extend the reach of the fintech’s small business loan market capabilities.
Lending startup Moula, which provides small businesses with up to $250,000 in loans based on their data, has today announced the addition of Chris Ridd, former managing director of Xero, to its board as it gears up for growth.
NAB Labs along with The University of Melbourne have partnered to better understand what drives Australian businesses to innovate. Together they have launched The Innovation Index to measures innovation across all business sizes and sectors.
MYOB launches PayDirect Online card reader and payment processing system to help SMBs get paid faster
Accounting software company MYOB has announced the launch of PayDirect Online, a new card reader and online payment processing solution to help sole traders and small businesses get paid on the go.
Sydney fintech startup CurrencyVue has created a SaaS platform to streamline the whole process to help SMEs more easily identify FX risk. Founder of CurrencyVue Matthew Tyrrell said the platform aims to address the knowledge gap to help businesses make more informed hedging decisions and react quickly to market movements.
The South Australian Government has announced its investment of $7.5 million into the University of South Australia’s (UniSA) manufacturing and engineering research institute. The funding package will support a range of initiatives to help create the State’s future industries.