Over the summer break, Startup daily is republishing some of its most read and favourite stories from 2025. Today it’s about Canva’s profitabilty, published in September. It’s just shy of 20 years since US political satirist Stephen Colbert coined the term ‘truthiness’. He described it as “something that seems like truth – the truth we… Read more »
It’s just shy of 20 years since US political satirist Stephen Colbert coined the term ‘truthiness’. He described it as “something that seems like truth – the truth we want to exist”. In corporate circles, there’s a fiscal truthiness where everyone’s wealthy and successful right up until the moment they lodge tax filings with the… Read more »
Embedded finance platform Shaype has teamed up with UK fintech ANNA Money to launch Australia’s first AI-powered finance “super app” for startups and small business. The app will act as a single financial co-pilot, consolidating everything from business banking to tax, expenses, company formation and cards. The collaboration also launches ANNA (Absolutely No Nonsense Admin)… Read more »
There is a prevailing belief that the 2025-2026 Federal Budget was a non-event for the majority of us in the Australian tech sector. But besides being a missed opportunity to move the dial for Australian founders, are there any risks to watch out for in the Budget? Well yes, actually. In our view, one particular… Read more »
(Note: the following are general observations only and do not constitute tax advice) News this week of Macquarie Bank writing off its $46 million investment into software company Plutora has once again brought to light the devastating impact that denied R&D tax incentive claims can have on a startup. Whilst the exact circumstances of Plutora’s… Read more »
A brand you kinda want to be buds with, the aptly named telco MATE is only six years old and has already clocked up $100 million in revenue, employed 83 staff (including 19 cousins), and cemented hundreds of thousands of quantifiably happy customers. Built off the promise to be a telco “Aussies can trust”, the fully… Read more »
Accounting software giant Xero Ltd is moving into lending to small business through invoice financing, announcing plans to acquire Sydney startup Waddle for up to $80 million. Xero (ASX: XRO) said the acquisition of the cloud-based lending platform aligns with its strategy to grow the small business platform and to address critical small business financial needs. “Waddle’s… Read more »
Square has integrated its services with MYOB’s accounting solutions, completing its plan to integrate with all major accounting solutions in Australia.
Accounting software company Xero has acquired Canadian startup Hubdoc for an initial fee of US$60 million ($80.87 million) that consists of 35 percent cash and 65 percent in Xero stock.
Rod Drury has stepped down as CEO of Xero, with the company’s board announcing Steve Vamos will be taking on the role on April 1.
National Australia Bank has led a US$24 (AU$32) million Series D round for Toronto-based cloud accounting startup Wave through its VC fund, NAB Ventures.
Practice Ignition has announced the close of a $5 million Series A round, with the funds to help fuel the startup’s international growth.
Donation Manager allows a charity to quickly generate donation receipts for donors, a process which most small to medium charities are doing manually.
Accounting software company MYOB has announced its intent to acquire Paycorp, a payment processing provider, for $48 million.
MYOB has launched Advanced People, a new cloud payroll solution designed to help mid-market businesses manage their payments.
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