Shareholder engagement platform InvestorHub topped up last year’s Series A with an extra $4 million. The new round was led by existing backer EVP, with follow-on investment from Archangel Ventures and Flying Fox Ventures too. It takes the total value of the Series A to $9 million after an initial $4 million in May 2023,… Read more »
Three years ago amid the BNPL goldrush, fintech Limepay was hoping to list on the ASX. It wasn’t to be for the white label buy-now-pay-later platform, founded in 2016, which billed itself as Australia’s first enterprise payments fintech. But Limepay, which rebranded in 2022 as April Solutions, will become a listed company after being swallowed… Read more »
Shares in ASX-listed tech scaleup DroneShield have plunged for a second day in a row, falling another 20% to $1.61 by Wednesday lunchtime, following a 22% plummet on Tuesday amid a halt in trade. DroneShield (ASX: DRO) shares have been on tear over the last seven months, climbing from $0.31 cents in mid-December 2023, to… Read more »
Digital asset funds management firm DigitalX has received Australian Securities Exchange (ASX) approval for the listing of its DigitalX Bitcoin ETF. The company (ASX:DCC) will now offer one of the first listed spot Bitcoin ETFs, providing direct exposure to digital assets on the exchange. CEO Lisa Wade said the DigitalX Bitcoin ETF (ASX:BTXX) will provide… Read more »
Expect to hear a lot more about Airtasker on the Kyle & Jackie O show in 2025 after the casual jobs marketplace inked a $5 million investment deal with radio company ARN Media (ASX: A1N). It’s the second such investment by a media brand in the last fortnight, with Airtasker (ASX: ART) signing a similar… Read more »
Online retailer Booktopia has been placed in voluntary administration less than four years after listing on the ASX. Shares in the Booktopia Group (ASX:BKG) had been suspended since mid-June after admitting the business had liquidity issues and sought funding for redundancies and working capital. McGrathNicol restructuring partners Keith Crawford, Matthew Caddy, and Damien Pasfield were… Read more »
ASX-listed venture capital firm Bailador Technology Investments has backed telehealth startup Updoc with a $20 million investment. Founded in 2021 by co-CEOs Dylan Coyne and Clifton Hodgkinson, Updoc (think the old Bugs Bunny line) offers online GP consultations to deal with a range of healthcare issues including advice, online prescriptions, specialist referrals, pathology referrals and… Read more »
Online share trading platform Superhero has cut its brokerage fee on ASX trades up to $20,000 from $5 to just $2. The 60% reduction in the digital trading platform’s brokerage fee undercuts rival Stake, which charges $3 for ASX trades up to $30,000. Superhero charges a 0.01% fee for trades over $20,000. The Superhero-branded app… Read more »
The board of ASX-listed Dubber has fired cofounder Steve McGovern as CEO over $26.6 million in missing company funds. In a statement to the ASX late on Tuesday night, the company said they terminated McGovern’s employment yesterday after investigations over the last five weeks into the missing cash alleged that “McGovern and the trustee were… Read more »
The Australian Securities and Investments Commission has stepped in to prevent ASX-listed Dubber’s CEO and cofounder, Steve McGovern, and lawyer Mark Madafferi, principal of North Melbourne law firm, Christopher William Legal, from leaving the country as investigations continue into $26.6 million missing from the business. The corporate regulator applied to the Federal Court on March… Read more »
ASX-listed voice data company Dubber is borrowing $5 million in bridging finance from existing investor Alex Waislitz to solve a cash flow crisis after more than $26 million of the company’s funds went missing. Tiga Trading, a company associated with the Melbourne billionaire’s Thorney Investment Group, is stumping up the cash as a loan secured… Read more »
Kogan.com chief financial officer and chief operating officer David Shafer has sold two million shares in the online retailer he cofounded with Ruslan Kogan. Shafer sold at $8 a share on March 7, worth $16 million, taking his stake through Shafer Corporation to below the 5% threshold of being a substantial shareholder in the ASX-listed company.… Read more »
Touch Ventures, the ASX-listed VC fund initially backed by BNPL fintech Afterpay, is breaking up with its CEO, Hein Vogel, after 4.5 years. In a statement to the market on Monday, the company said the board and CEO “have reached a consensus on his departure” with Vogel handing back his swipe card on March 29… Read more »
ASX-listed voice data company Dubber is on the hunt for more than $26 million in missing funds, with the company’s CEO and cofounder, Steve McGovern, suspended, along with its shares (ASX: DUB) as investigations get underway. The issue came to light as part of the audit review for its half-year accounts to December 2023. Dubber… Read more »
Expanding internet service provider Aussie Broadband is weighing its options after fibre infrastructure operator Superloop rejected as “opportunistic” a proposed acquisition that Aussie said would have created a serious market rival to “incumbents” Telstra and Optus. A merger of the companies – which would have created a “scale player” providing a wider product offering to… Read more »
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