Almost 70 percent of Australian fintech startups are post-revenue and 19 percent are profitable, median revenue growth across the sector up 2.25x on 2017, a report has found.
An initiative of ygap, the funds collected through the Polished Man campaign are dedicated to trauma prevention and trauma recovery programs for children who are at risk of, or have suffered, violence.
Founded by husband and wife duo Celeste and Hui Ong, who sold restaurant directory and review site Eatability to Optus in 2012 for $6 million, Pair is “designed to bring safety, respect and honesty to dating”.
ASX-listed creative marketplace Redbubble is set to acquire US-based competitor TeePublic for $57.7 million to further expand its global footprint.
Bridge Hub, an agrifood tech innovation hub launched in Wagga Wagga by Blue River Group, has received a $500,000 grant from the government’s Incubator Support Initiative.
Leanne Kemp, founder of blockchain startup Everledger, has been appointed the new Queensland Chief Entrepreneur, taking over in the role from Steve Baxter.
Sydney startup ShoreTrade has raised $2 million in a seed funding round led by Investible to launch a trading platform for the seafood industry.
Chargefox, a startup building a network of ultra-rapid charging stations across Australia for electric vehicles, has raised $15 million to start construction.
RapidAIM, a company spun out of the CSIRO, has raised $1.25 million from Main Sequence Ventures to fund trials of its real-time fruit fly monitoring system.
Aiming to connect fans to their heroes in sports or entertainment for experiences that money can buy is Sydney-based startup Fan+
Marketing automation startup Autopilot has launched Annotate and Collaborate, a tool enabling marketing teams to collaborate in real-time.
Slyp, which allows merchants to send a customer’s receipt directly to their banking app, has raised $2 million in a seed funding round led by NAB Ventures.
Get, the Sydney-based university payments startup formerly known as Qnect, has raised $3.4 million in a funding round led by Vertex Ventures and Click Ventures.
WLTH aims to put into the hands of the average Australian tech tools that have traditionally only been available to finance professionals.
Australia’s transaction value through Alipay during China’s Golden Week holiday last week ranked 9th globally, with the number of transactions up 105 percent on 2017.
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