Western Australia’s Quantify Technology, an ASX-listed company working to create hardware and software products in the Internet of Things sphere, has completed an institutional placement to raise $5 million from existing investors. The funding for the company, which debuted on the ASX through a backdoor listing in March, will go towards further development of Quantify’s… Read more »
Australian small and medium sized businesses (SMBs) were awarded more than 75 percent of the Federal Government’s $50 million in technology contracts since the launch of its Digital Marketplace in August 2016. Assistant Minister for Digital Transformation Angus Taylor said 487 SMEs are currently registered as sellers on the government’s Digital Marketplace. It comes after… Read more »
Sydney-founded, San Francisco-based fintech startup Douugh has closed a $2.5 million seed funding round and landed a partnership with US bank, Choice Financial. With Choice Financial also investing in the startup, the “open banking” partnership will see Douugh authorised to take deposits through the bank, creating its own integrated bank account and debit card. Andy… Read more »
Blue Sky Venture Capital has upped its stake in Thailand-based aCommerce, a company helping brands set up ecommerce platforms in Southeast Asia, participating in the company’s US$65 million Series B round. The round, led by Emerald Media with participation from MDI Ventures, the VC arm of Telkom Indonesia, and Swiss market expansion services group DKSH,… Read more »
The full-time gender pay gap may be “trending down”, but men still take home an average of $26,527 more than women each year, according to the latest gender equality scorecard from the Workplace Gender Equality Agency (WGEA). Covering four million employees across more than 11,000 employers, WGEA data from 2016-17 found women earn, on average,… Read more »
Sydney can go head to head with any international city when it comes to lifestyle, culture, education, and a whole host of other features, given it’s regularly ranked in the top 10 of the World’s Most Liveable Cities index. Of course, it’s also home to a couple of globally recognised icons that also do their… Read more »
Sydney can go head to head with any international city when it comes to lifestyle, culture, education, and a whole host of other features, given it’s regularly ranked in the top 10 of the World’s Most Liveable Cities index. Of course, it’s also home to a couple of globally recognised icons that also do their… Read more »
With a survey of its small business (SMB) customers finding 61 percent feel isolated in running their business, Optus has launched Yes Business, an online platform to connect SMB owners to each other for support and advice, as well as tips from experts. The survey of 82 customers found 35 percent have paid more than… Read more »
Peter: “I’ve got a billion dollar idea. Let’s build an app.” Me: “What sort of app?” Peter: “That’s where you come in.” This conversation with a friend took place about three years ago. Unfortunately, it’s not the only approach we’ve had like this. A lot of people are in the boat of “I have this… Read more »
Cloud accounting software provider MYOB is set to acquire the Accountants Practice Management division of competitor Reckon for $180 million in cash. The division provides practice software solutions to over 3,000 accounting practices across Australia and New Zealand through three product lines, Reckon APS, Reckon Elite, and Reckon Docs. As part of the deal, MYOB… Read more »
Victorian startups have raised a combined total of $790 million in funding over the last five years, according to a database compiled by the Victorian Government’s independent startup body, LaunchVic. The database is the result of a review conducted by dandolpartners, which examined 510 unique capital raises for 385 Victorian startups across the seed, angel,… Read more »
Business transformation services firm Trimantium GrowthOps plans to list on the ASX through a $70 million IPO, which will put the company’s value between $142 million and $166 million. According to its prospectus, the company is offering between 60 million and 70 million shares, priced between $1.00 and $1.17 per share. The IPO will assist… Read more »
Australia’s Clean Energy Finance Corporation (CEFC) has committed $150 million in debt funding to Nexif Energy Australia for the building of stage one the Lincoln Gap wind farm in Port Augusta, South Australia. Once complete, the Lincoln Gap project will produce 212 megawatts (MW) through 59 wind turbines, or enough electricity to power around 155,000… Read more »
Apple has released its latest diversity and inclusion report, revealing that though the percentage of women in the company has not changed over the last year, it has upped the representation of groups historically underrepresented in tech in its new US hires. The report, the first since Apple appointed Denise Young Smith as its vice… Read more »
Having revealed last week a renewed focus on and investment into its digital transformation, National Australia Bank (NAB) has today announced it is set to hire 600 tech specialists across the areas of software engineering, data, architecture, and security. The shift to digital, CEO Andrew Thorburn announced last week, will see the bank cut 6,000… Read more »
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