Katy Barfield, CEO of tech-based social enterprise Yume. Hello and happy Wednesday. Here’s what’s going down. 1. Softbank bails out WeWork, giving its founder a $1.7bn golden parachute to go away Remember Michael Douglas as Gordon Gekko in Wall Street? Who’ll play Adam Neumann in the movie about the WeWork clusterf*&%? After investing more… Read more »
WiseTech is a Sydney-based logistics company that’s pushed hard into tech in recent years The company’s share price was up more than 1000% since its IPO in 2016 A China-based short-selling research firm has accused the company of inflating revenues and hiding performance WiseTech denies the allegations but its shares have fallen more than 20%… Read more »
One of the most challenging parts of an already nerve-wracking interview is thinking of your own questions. It’s a crucial part of any interview and often, candidates are so prepared to nail the rest that they’ve completely forget or ask questions with minimal relevance. “We’ve noticed that many people often have little to ask of… Read more »
Michael Watts, Cloud Conformity CEO & co-founder and Kevin Simzer, Chief Operating Officer, Trend Micro. Tokyo Stock Exchange-listed cybersecurity firm Trend Micro has bought three-year-old Australian software startup Cloud Conformity for US$70 million (AU$102m). Cloud Conformity, launched in Sydney in 2016 and US-headquartered, offers infrastructure security, compliance and optimisation on public cloud through Microsoft Azure… Read more »
AirTree Partners Craig Blair, James Cameron, Helen Norton, Daniel Petre, and John Henderson. Photo: Ryan Stuart Venture capital firm AirTree has raised a new $275 million fund to invest in early stage startups in Australia and New Zealand. It’s AirTree’s third fund, following on from 2016’s $250 million fund – backing the likes of Canva,… Read more »
Hello Tuesday. It’s like the Matrix, but slower. 1. The great NBN speed wars Whose side were you on during the great NBN speed wars, Daddy? Well son, it all began when the government-owned $50 billion broadband project commissioned AlphaBeta to tell the world how good it was, and they declared Australia’s speed was… Read more »
The chance to meet senior recruiters at Australian tech unicorns, including Afterpay, is coming this Wednesday, October 23, at Career Hack: Australia’s Tech Careers Fair, in Sydney. The expo will feature dozens of leading Australian tech startups, and their recruiters, including for Canva, Airtasker, Safety Culture, Athena, Deputy, Employment Hero, Zip, Afterpay, Koala, Prospa, Morse Micro… Read more »
Fintech startup Athena has closed a $70 million Series C round as it looks to push into mortgage origination. The country’s largest industry fund, AustralianSuper, joined the raise alongside long-term backers Square Peg Capital, AirTree Ventures and Hostplus, as well as Salesforce Ventures and NAB Ventures. Square Peg’s Paul Bassat joined the Athena board… Read more »
The Airwallex team. Investments in Australian startups have nearly doubled in the past 12 months to nearly $7 billion, with Victoria leading the way, according to data analytics firm Techboard. The Techboard Australian Startup and Young Technology Company Annual Funding Report 2018/19, released at Intersekt on Friday. Techboard co-founder and CEO Peter van Bruchem said… Read more »
If you’ve ever wondered what it would be like to work for an Australia tech unicorn such as design site Canva and fintech leader Afterpay, your chance to ask the person in charge comes up next Wednesday, October 23, at Career Hack: Australia’s Tech Recruitment Fair, in Sydney. The expo will feature dozens of leading… Read more »
Friday already? Here’s the latest in tech news. 1. Atlassian had a good quarter and went shopping The Sydney-based global tech giant released its quarterly earnings today, revealing an 36% jump in revenue from 12 months earlier to US$363.4 million – 28 cents earnings per share (EPS). The result beat Wall Street expectations of $351… Read more »
• First quarter fiscal year results for the Nasdaq-listed tech giant were filed with the US Securities and Exchange Commission today • Net income was US$69.3 million for the first quarter FY2020 • Total revenue was US$363.4 million for Q1 FY20, up 36% from the same period a year ago • Operating loss was… Read more »
Canva co-founders Cameron Adams, Cliff Obrecht and Melanie Perkins. Photo: supplied Privately-owned online design startup Canva says its market value is now US$3.2 billion (AU$4.7bn) after a US$85 million (AU$125m) raise revealed on Thursday. Those lining up to support Canva’s 7th raise – taking the total investment to AU$333 million in five years – with… Read more »
Hello Thursday! Here’s the tech news. 1. UBS says sell Afterpay Shares in buy now, pay later fintechs are copping a beating today. A research note by investment bank UBS placing a sell rating on Afterpay and rival Zip, appeared to spark an investor stampede for the exits. Two days after hitting a record high of… Read more »
The 2019 EY FinTech Australia Census reveals the Hayne Financial Services Royal Commission was good for the local fintech sector 42% of fintechs say relationships with existing financial institutions improved over the past year 77% of fintechs are now post-revenue and median revenue has grown 80% from 2018 Nearly half report a stronger uptake of… Read more »
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