Shares in ASX-listed buy now, pay later (BNPL) fintech companies have plummeted in the last 24 hours after investment bank UBS placing a sell rating on market darling Afterpay and rival Zip. Afterpay’s share price hit a record high of $37.30 on Tuesday, up more than 200% on its $12 start to 2019. But… Read more »
Properlytics, a new proptech platform for property owners to keep track of the value of their investments has been released by Brisbane fintech developer Brodie Haupt. Designed so investors can manage and track the performance of their real estate portfolio and keep all the information at their fingertips, Properlytics saves hours in record-keeping and staying… Read more »
The most recent trends in fintech investment in Australia will be debated by some of the investors at the forefront of the sector a special Techboard Roundtable in Melbourne this Friday, October 18. Presented in association with Fintech Australia and the Intersekt Festival, the Techboard roundtable discussion will focus on the future of funding for… Read more »
Welcome to Wednesday. Here’s today’s tech news. 1. Global fintechs are preparing to hit Australia UK software startup TrueLayer is heading to Australia in 2020, The SMH reports, paving the way for a bunch of fintechs to take advantage of the country’s open banking policy when it kicks off in February. TrueLayer’s software is an… Read more »
Up co-founder Dom Pym and TransferWise head of banks Murali Akella. App-based neobank Up is partnering with fellow fintech TransferWise to offer international payments in 52 currencies. More than 130,000 Up users will be able to make overseas payments from their transaction account under the deal. Up co-founder Dom Pym said the integration with TransferWise… Read more »
July co-founders Athan Didaskalou and Richard Li, with Strandbags MD Felicity McGahan (centre). Melbourne luggage brand July, already set to book more than $5 million revenue in its first year, has raised A$10.5 million in a Series A, led by veteran accessories retailer Strandbags and a private investor. Strandbags is owned by Michael Lewis, chairman… Read more »
Happy Monday everyone. Here’s the latest tech world news from around the globe. 1. WeWork needs to find a major financial backer or it’s the end within weeks. WeWork’s financial woes are so severe that the business could run out of cash by the end of November, some analysts believe. Will SoftBank, having already… Read more »
If you’ve just lodged your FY2019 tax return and left off income from renting out a room for a few nights on Airbnb, you’d better let the Australian Tax Office (ATO) you need to make some amendments quickly. The global online accommodation site has given the ATO the rental income data – and much more… Read more »
Welcome to Friday. Enjoy the weekend. 1. US retail giant Walmart employs 50,000 software engineers Stop knocking on Atlassian’s door and try David Jones if you’re looking for a tech job. Business Insider reveals that Walmart, the world’s biggest retailer with more than 11,000 stores globally and 2.2 million employees, is also pushing… Read more »
David Burt, executive manager and co-founder of the CSIRO’s ON program. Photo: supplied The CSIRO is shutting down its ON startup accelerator program as funding for the program established as part of former Prime Minister’s Malcolm Turnbull’s “innovation nation” dries up. ON launched in 2015 as part of CSIRO’s Innovation Catalyst strategy, the program landed… Read more »
A cloud-based New Zealand fintech for home loan brokers to protect customer data has raised NZ$1 million, led by the Flying Kiwi Angels. FileInvite, a cloud-based platform that streamlines how mortgage brokers and other financial advisers request, receive and store documents in loan applications has now raised NZ$2 million in 18 months as laws around… Read more »
Happy Thursday everyone. Here’s your daily dose of tech news. 1. The OECD wants to change the way tech multinationals are taxed globally. The Organisation for Economic Co-operation and Development (OECD) is proposing an international tax system across 134 countries, targeting the likes of Facebook, Amazon and Google so they pay more corporate… Read more »
Hello and welcome to Wednesday. Here’s what’s happening in tech. 1. The ACCC chastises NBN Co for playing favourites with providers. The competition watchdog issued a formal warning to the government-owned broadband rollout company for discriminating between retail service providers (RSPs) for the supply of upgraded NBN infrastructure to business customers. The also scored… Read more »
As WeWork began its ill-fated IPO attempt a few months ago, NYU Stern School of Business Professor Scott Galloway delivered several devastating assessments of the business, which many of his predictions coming to pass. In the wake of WeWork’s plumment, Prof Galloway has turned his attention to the fintech startup darlings offering buy now pay… Read more »
Hello and welcome to Tuesday. Here’s what’s going down. 1. Cybercon-troversy The Australian Information Security Association (AISA)’s 12th annual national cyber-security conference, Cybercon2019, got underway in Melbourne and word of the day is “incongruent” after two experts were suddenly disinvited from appearing at the last minute. Thomas Drake, a former US National Security Agency… Read more »
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