A lot has happened over the past year, so you can be forgiven for not having a clear memory of what some of the major concerns were at the beginning of the pandemic. However, if you think back to the beginning of the pandemic, one of the major concerns was the role that surfaces played… Read more »
One of Australia’s original fintechs, SocietyOne, the peer-to-peer lending marketplace, has joined Afterpay on Westpac’s new digital banking services platform, 10X. Westpac’s digital banking services will be available to SocietyOne customers in the second half of 2021, and the bank has been backing the fintech since 2014 through its VC fund, Reinventure. In October last… Read more »
Thrive, a Melbourne-based fintech using artificial intelligence to automate banking, accounting, tax and lending for small-to-medium enterprises (SMEs), has closed its crowdfunding campaign after just 3 days, having raised a record $3 million. Thrive’s campaign launched on Birchal on broke multiple records when it went live last week, hitting $1 million towards the $3m target… Read more »
Medicine delivery service Swoop Aero has come home after proving the success of its idea in Africa and Pacific to begin delivering medicine by drone in outback Queensland Former air force pilot Eric Peck and mechatronics engineer Josh Tepper founded the Melbourne-based startup in 2017 to deliver on-demand healthcare by autonomous air vehicles in challenging… Read more »
Elon Musk’s satellite internet service, Starlink, will roll out in Sydney later this year.Startup Daily received an email from Starlink on Friday offering us the chance to sign up for the beta phase of the broadband roll out “on a first-come, first-served basis” in 2021. “Starlink is now available for order to a limited number… Read more »
Revenue up 51.1% to $112.6 million Underlying EBITDA (adjusted for IPO and conversion of preference share costs) up 502.3% to $8m 4.2 million orders shipped FY21 revenue forecast increased to $217.6million with EBITDA of $12.9 million. $19.78m loss due to $4m in IPO costs and share conversion Record growth from newly listed online book… Read more »
In case you haven’t heard, Australia is proposing a new law that will force Facebook and Google to pay news orgs for linking to their content. In response, Facebook has stopped allowing the sharing of links to Australian news sites. As one would imagine, the response has been shock and horror at the power and… Read more »
The University of Adelaide is sending pills to the International Space Station (ISS) to determine if it will be possible to produce medicine in space to enable longer-term space missions. Scheduled to launch from NASA’s Wallops Flight Facility in Virginia on Sunday 21 February, the pills will contain Ibuprofen and vitamin C as active ingredients,… Read more »
Information is everywhere, right? Well, here in Australia, we now have one less source of news information at our fingertips. Yesterday, Facebook banned Australian users from posting news links, and sharing or viewing Australian and international news content. This will have a far-reaching impact on many organisations and groups. For the public – people of… Read more »
In denying news content to its Australian users, Facebook is arguably overplaying its hand, behaving as a big company that thinks it can intimidate governments. If it keeps doing this, it will ultimately lose customers, and that’s the last thing Facebook wants. Perhaps you’re already considering breaking up with Facebook, whether in reaction to the… Read more »
Facebook decided today that it became necessary to destroy the town to save it. Australians woke to news – but not on Facebook – that the trillion-dollar social media giant had banned the posting and sharing of news stories in their country. And it was worse than that when the algorithm the company deployed to… Read more »
Executives from Google and Facebook recently told a Senate committee they are prepared to take drastic action if Australia’s news media bargaining code, which would force the internet giants to pay news publishers for linking to their sites, comes into force. Google would have “no real choice” but to cut Australian users off entirely from… Read more »
If you’re reading this story, then you probably didn’t see it on Facebook. The social media giant announced overnight that it would ban Australian news media from its site, following through on a threat in response to the Australian government’s plans to force Google and Facebook to pay media companies for news featured on the… Read more »
SME challenger bank Judo Bank is an even bigger unicorn after scooping up $284 million in a round 4 capital raise. The raise values the bank, founded in 2016, at $1.6 billion, an increase of 60% on its valuation following a previous raise seven months ago. Judo co-founder and co-CEO, David Hornery, said more than… Read more »
Premier Daniel Andrews has announced Victoria’s five-day lockdown will end as planned at 11:59pm tonight, February 17. Andrews says the snap lockdown, which was instigated as a “circuit breaker” to prevent a potential third wave of the virus has worked. The news comes as the state records no new local transmissions and zero new cases… Read more »
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