A year-old online car financing marketplace has raised a $3 million seed round led by Carthona Capital. Driva, which launched in early 2020, hopes to take on comparison sites such as Finder and Canstar, offering car buyers lending options from more than 30 auto financers. The fresh round of investors includes Stephen Das, founder of… Read more »
The Proptech Association Australia announced the winners of the inaugural Proptech Awards this week at a Sydney ceremony before 150 people. Others tuned into the livestream via satellite events in Brisbane and Perth (regrettably Melbourne’s event was cancelled due to the covid lockdown), as the winners of 15 category trophies, three Best of the Best… Read more »
In 2007 Malcolm Turnbull turned off an industry’s life support without blinking. The industry made light bulbs, of the traditional kind; so energy-inefficient they lost most of it as heat. “A normal light bulb is too hot to hold — that heat is wasted, and globally represents millions of tonnes of carbon dioxide that needn’t… Read more »
The Envato Foundation has ramped up its charity work adding two new organisations to its ongoing support program. The Foundation is the charitable arm of creative marketplace Envato, which donates 1% of the company’s annual pre-tax profits to fund its work. Its new partners have a children’s education focus: online tutoring and education services support… Read more »
On May 7, a pipeline system carrying almost half the fuel used on the east coast of the United States was crippled by a major cyber attack. The five-day shutdown of the Colonial Pipeline resulted in widespread fuel shortages and panic-buying as Virginia, North Carolina and Florida declared a state of emergency. The attack highlights… Read more »
Restaurant tech venture Dragontail Systems (ASX:DTS) is being acquired by the US parent company behind KFC and Pizza Hut, Yum Brands, in a deal worth $93.5 million. Domino’s has been Dragontail’s leading customer in recent years. Its machine learning cameras monitor pizza quality and is the technology behind Domino’s Pizza Checker, as well as the… Read more »
Fintech Australia has been forced to postpone The Finnies less than a fortnight before the awards were due to be held on June 9 as Victoria goes into a week-long snap lockdown after 34 active Covid-19 cases emerged in the last three days. With surrounding states also imposing restrictions on anyway who’s been in Victoria… Read more »
The Victorian government has announced a snap lockdown following local health authorities reporting 11 new community cases of COVID-19 overnight. Acting Premier James Merlino announced the state will enter a snap seven-day circuit breaker lockdown in an effort to curb further transmission as the outbreak reaches 34 active cases. “In the last day, we have… Read more »
UPDATE: Watch Dr Cathy Foley’s’ How Science is Transforming Our World online panel here. Physicist Dr Cathy Foley became Australia’s Chief Scientist in 2021. Her distinguished 35-year career in science with the CSIRO has been focused on exploring magnetics and superconductors. Her experience spans pure research to commercialisation and revolutionised the way mining companies detect… Read more »
The Commonwealth Bank has made a second major investment in a digital startup, investing $20 million in a series B round for electricity retailer Amber. The deal follows a $30 million investment by CBA for a 23% stake in e-commerce retail platform Little Birdie. The Amber investment gives CBA a 25% stake in the business.… Read more »
Banks, investment firms and other financial services and insurance (FSI) companies suffered from a massive boost in cybercriminals’ attention during 2020, according to a new analysis that identified 3.4 billion credential-stuffing attacks targeted at FSI firms alone. That included a 45 per cent year-on-year jump in credential stuffing – in which cybercriminals use stolen login credentials to… Read more »
Queenie Tan is full of financial advice. Whether it is cheap date ideas, buying furniture, saving your first $100,000, doing your tax return or investing in Dogecoin, there is seemingly no topic the 24-year-old Sydney woman can’t confidently tackle. Her posts and videos have gained her 15,000 followers on Instagram and 42,000 followers on TikTok.… Read more »
Startup founders set out to change the world, and a new generation of entrepreneurs are adding the phrase “for the better”. Some of Australia’s most successful founders and investors are not only addressing their carbon footprint, and social justice and equity issues, they’re also building businesses that look beyond their core focus to leave the… Read more »
The massive digital platform market has until recently been dominated by a handful of US-based companies such as Facebook and Google. However, as foreign governments and competing platforms try to erode this domination, platforms are becoming a new sphere of geopolitical manoeuvring. The European Union wants to gain more control over international tech companies and… Read more »
Teenage entrepreneurs looking for their first big break into startups have the chance to impress Sir Richard Branson with the business smarts with global fintech Wise bringing its Eurovision-style pitching competition, Wise’s 20 Under 20, to Australia for the first time, up against contestants from the UK and EU. Now in its 4th year, Wise’s… Read more »
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