Westpac has partnered with Melbourne fintech company Assembly Payments to launch Presto, a payments solution for small businesses, to its business customers. The solution will allow for the sharing of transaction information between point of sale systems (POS) and merchant terminals, removing the need for staff to re-key card transactions – that is, that step… Read more »
Australian VC firm Blackbird Ventures has announced the closing of its third fund, raising $225 million from the likes of Hostplus and the Future Fund.
Brisbane Internet of Things (IoT) startup Movus has raised $4.8 million in a Series A round led by Blackbird Ventures, with participation from Telstra Ventures and Scott Farquhar’s Skip Capital. Founded by Brad Parsons and Michel Lamarre in 2015, Movus has developed FitMachine, a combined sensor and software solution that helps organisations monitor and maintain… Read more »
It’s been another big month for the local rideshare market: Indian player Olgoa launched down under, homegrown offering GoCatch raised $1 million and announced it’s gearing up for an IPO later this year, and Uber has today revealed it will be launching its UberPool service in Sydney from April 3. Essentially a carpooling service that… Read more »
With a day to go until its offer closes, digital-only bank Xinja has raised $2 million through equity crowdfunding platform Equitise.
Local artificial intelligence-focused startup Daisee has announced the raising of $8.8 million in a Series A round led by Alium Capital.
Though the growth of corporates opening their own innovation labs and/or flocking to platforms like Coventured to more easily connect with startups often makes it seem that more and more organisations are getting wise to the threat of disruption, a report has found almost 50 percent of Australian businesses believe either their industry or products… Read more »
Adelaide’s Myriota has raised a US$15 million eries A round led Blue Sky VC and the CSIRO’s Main Sequence Ventures, with participation from Boeing HorizonX.
Three years in the making, Judo Capital is launching into the market today with a focus on building real relationships with its SME customers.
Sydney human resources startup Employment Hero has raised $8 million in a Series B round co-led by Seek and OneVentures, with participation from existing backers AirTree Ventures and AMP.
Hobart video startup Biteable, which allows users to create simple marketing videos online, has raised $2.8 million in a Series A round led by existing backer Tank Stream Ventures and Microequities Venture Capital Fund.
LaunchVic, the Victorian Government’s independent startup funding body, has opened applications for its next round of grant funding, which will focus on improving access and participation in the startup community for Indigenous Australians. Dr Kate Cornick, CEO of LaunchVic, said, “This a great chance to strengthen entrepreneurial culture among Aboriginal Victorians and foster a startup… Read more »
The Australian National University (ANU) has become the latest local university to open a space for students and staff to work on entrepreneurial projects, this week launching coworking hub Square One at its Canberra campus. With meeting rooms, event space, set desks and hot desking available, access to the space is free for members associated… Read more »
Australian company Ansarada, whose platform providers virtual data rooms for deal makers, has raised $24 million in a Series A round led by Ellerston Capital, with participation from Tempus Partners, Belay Capital, and Australian Ethical Investments. Founded by Rachel and Sam Riley, Andrew Slavin, and Daphne Chang in 2005, Ansarada has helped the likes of… Read more »
Hostplus Super, an industry super fund for the hospitality sector, has invested $27.5 million into Oxford Nanopore Technologies, joining investors including Singapore’s and China Construction Bank International in the £100M ($182 million) round. Headquartered in the UK, the company has developed a portable, real-time DNA sequencer, the MinION. A low-cost device, it is being used… Read more »
The lessons from Uber, Ola and rideshare’s disruption is that in the end, the consumer still pays 
Unicorn dehorned: Nasdaq-listed Brisbane EV charging venture Tritium collapses into receivership 
Here are the finalists in Fintech Australia’s 2024 Finnies awards 
Atlassian cofounder Scott Farquhar steps down as co-CEO 
Daily startup news and insights, delivered to your inbox.
