Afterpay Touch boss David Hancock received the Finnies award for FinTech Organisation of the Year last week. The buy now pay later fintech startup is seeking $300 million from the sale of 13.8m new shares at a 10% discount. A share placement plan with existing shareholder could raise up to $30m after that. Founders Anthony… Read more »
Prospa co-founders Beau Bertoli and Greg Moshal Fintech startup Prospa (ASX: PGL) has turned into a nice little earner for its key investors, AustralianSuper and Airtree Ventures, with shares in the online small business lender soaring 18% on debut on the ASX at noon today. The jump added $110 million to Prospa’s market cap after… Read more »
Booktopia CEO and co-founder Tony Nash Online bookseller Booktopia wanted to raise $10 million from an equity crowdfund Despite having nearly 2 million customers, just 850 people invested, raising less than 9% of the target The Sydney-based retailer is now talking to private investors Leading Australian book retailer Booktopia has walked away from its… Read more »
Moovosity, a tech startup focused on physical education and movement software for children, is hoping to launch in schools across Australia after scoring $300,000 in seed funding from CMO Software founder James Cotton’s VC fund Uluwatu Capital. Cotton is a co-founder in the Brisbane-based, Moovosity, alongside Scott Jenson and Mal Mizen. The trio set up… Read more »
Are you a woman in business? Do you have a startup idea that needs a funding injection? Then get set to enter the Be MPowered 2019 Pitch Competition. The Be MPowered Pitch Comp is the brainchild of Mums & Co. founder, Carrie Kwan, who knows first-hand what it’s like to try to attract funding… Read more »
Co-working and tech space Tank Stream Labs has forged a partnership with machine learning startup Verge Labs to launch Sydney’s first AI hub. Verge Labs is focused on turning research into customised software applications for business. It was co-founded by Anthony Tockar, who said the startup works with companies to develop user-friendly, customised AI… Read more »
Afterpay Touch boss David Hancock received the Finnies award for FinTech Organisation of the Year this week. Australian global fintech Afterpay has been “in dialogue” with the federal government’s financial crimes body, AUSTRAC, over concerns about potential money-laundering concerns, the company has revealed. In a statement to the ASX on Thursday, where the company revealed… Read more »
Fintech Australia board members at The Finnies (l-r), Lauren Caplin of Reinventure, Simone Joyce of Paypa Plane, chairman Alan Tsen, GM of Stone & Chalk Melbourne, Carla Harris of Longevity, Melissa Mack of MoneyPlace, GM Rebecca Schot-Guppy, and Tim Dean of Credi.com. Up Bank, Airwallex and Afterpay are among the major winners of the 2019… Read more »
The NSW government has some cash to splash at startups looking to develop their idea to Minimum Viable Product (MVP) status, but you need to hustle because applications for next financial year close on June 14. The Jobs for NSW MVP grant is for startups looking to get from proof of concept/prototype stage to… Read more »
Innovation hub BlueChilli has revealed the 10 startups it has selected for its latest SheStarts accelerator program for women. The female-led startups were chosen from 400 applications and 50 startups who took part in a two-week bootcamp. SheStarts3 is a six-month venture building program exploring issues such as sustainable agriculture and mental health. It’s backed… Read more »
The private sector is stepping in to back Aboriginal entrepreneurs with a new $500 investment infrastructure fund. Chris Croker, a Luritja man from Central Australia, and MD of Impact Investment Group launched the Indigenous Infrastructure Investment Fund last week to mark National Reconciliation Week. The fund hopes to invest $500 million over five years… Read more »
Australia’s official cash rate now sits at 1.25% following a 25 basis points cut Three of the big 4 banks are reducing home loan rates, with CBA and NAB passing on the full 0.25% The RBA remains concerned about unemployment rising, stagnant wages growth and inflation under its target band. The cut should help… Read more »
Leading private investment platform Wholesale Investor has launched a capital raising admin platform that’s mobile friendly CRIISP lets founders raise capital, access investors, manage and track investor interest. The platform offers access to Wholesale Investor’s network of 21,500+ investors Investment platform Wholesale Investor has launched a new SaaS capital raising admin platform, dubbed CRIISP, which… Read more »
The incoming CEO of Cicada Innovations, Sally-Ann Williams Sydney-based deep tech incubator Cicada Innovations has recruited senior Google executive Sally-Ann Williams to lead the organisation as CEO. Chairman Andrew Rothery said Williams was the ideal person for the task and chosen for her vast experience in technology-driven businesses and Australia’s start-up ecosystem. “The experience she has… Read more »
Notiv cofounders Chris Raethke and Dr Iain McCowan. Source: supplied When it comes to solving problems, there’s a big one nearly everyone in business can agree on: meetings. It starts with who’s going to take notes. A new venture, Notiv, from tech industry veterans Chris Raethke and Dr Iain McCowan is hoping to solve that… Read more »
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