ASX-listed Amaysim Australia Ltd is offloading another part of its business, hoping to sell its mobile venture to long-term wholesale partner, Optus Mobile for $250 million in cash. The deal follows the sale last month of its power provider, Click Energy, to AGL for A$115 million, and would bring an end to business just a… Read more »
MYOB has led a $22 million Series C round into workplace software startup Flare, with the accounting platform also announcing a new partnership with the five-year-old venture. Existing investors Point72 Ventures, Acorn Capital and David Fite joined the round with Malcolm Turnbull signing on as a new investor. Turnbull and Fite will become special advisors… Read more »
A household products company hoping to reduce the plastic waste by reusing containers for everyday products such as shampoo, liquid soaps and laundry wash has raised $2 million in seed funding, led by Skip Capital, the family VC run by Kim Jackson, wife of Atlassian co-founder Scott Farquhar. Zero Co has already attracted a series… Read more »
Shares in ASX-listed MedAdvisor have been placed in a trading halt today with the health-tech venture announcing plans to acquire US-based medication adherence company Adheris for US$34.5 million (AU$49m), while also raising AU$45 million to fund the acquisition. The company’s seeking a minimum of AU$35m in funds through an institutional placement at $0.45 per share,… Read more »
Startmate’s popular Office Hours program, matching 500-plus entrepreneurs for a free 30-minute 1-on-1 sessions with the best mentors, investors and startup founders kicks off again next month, but you only have until this Sunday, November 1, to apply to be a part of it. The program gives people access to some of the best minds… Read more »
A tennis app utilising artificial intelligence is set to revolutionise player analysis and coaching interaction. Developed former professional tennis player Dr David To in Adelaide, South Australia, the subscription-based Tennis AI app launched last week and is available globally. The AUD$10 a month subscription allows players to upload videos of their games and training sessions… Read more »
• Total originations of $80 million in 1Q21, up 265% on 4Q20 • Originations, excluding loans originated under the Government’s Guarantee Scheme, up 107% on previous quarter • Annual portfolio yield of 31.5% maintained • Significantly reduced loan deferrals with 1,681 accounts in ANZ on full or partial deferral Fintech Prospa (ASX: PGL) has seen… Read more »
Quarterly revenue of US$459.5 million, up 26% YoY Q1 IFRS operating margin of 3% and non-IFRS operating margin of 23% Q1 net loss of US$21.6m, compared to q1 FY20’s net income of $69.3m Australian software giant Atlassian has seen revenues jump 26% on 12 months ago in quarterly results for Q1 FY2021 that beat Wall… Read more »
Airwallex took out four major awards at the 2020 Finnies, including the top prize, Fintech Organisation of the Year and the People’s Choice Award. The company also received the Excellence in Payments award, while the Melbourne-based global unicorn’s co-founder and president, Lucy Liu, was named Emerging Fintech Leader of the Year. Airwallex and Athena Home… Read more »
Green is more than a corporate colour at Bunnings with the Wesfarmers-owned hardware chain announcing today that it will power its 260-plus stores Australia-wide with 100% renewable electricity by 2025. The move is part of a pledge to achieve net zero Scope 1 (direct) and 2 (indirect) emissions by 2030. Grocery retailer ALDI recently announced… Read more »
Paul Fletcher, the federal communications minister in charge of the $55.5 billion national broadband rollout, has evoked tractor production under the Soviets to defend the Coalition government’s seven-year handling of the NBN roll-out. In a speech to the CommsDay Summit yesterday, Fletcher evoked the spectre of “those apocryphal Japanese soldiers found in remote jungles in… Read more »
The 11 startups the UNSW Founders invested in as part of its 2020 10x accelerator program make their public debut over the coming week as part of two Demo Nights. The first, the 10x Demo Night, is this afternoon, October 28. The 2020 cohort ranges from a robotic gripper that mimics human dexterity, to a… Read more »
The $5 million COVIDsafe app downloaded by 7 million Australians has been able to find 17 unique cases on top of the infections already picked up by existing contact tracing in the six months since it was released. With advertising promoting the app as one of the cornerstones of contact tracing, alongside hygiene and social… Read more »
Flinders University in South Australia has teamed up with a company that made its name developing a popular fitness app to create an app that can track and trace biological threats. The Torrens Resilience Institute (TRI) at Flinders University in Adelaide, South Australia worked with web and mobile app developer PixelForce to develop the smartphone… Read more »
Workplace checklist app developer SafetyCulture says it has “raised” another $48.6 million just since six months after a $60.5 million round as early investors and staff cash in on the increasing worth of the company, now valued at more than $1.3 billion. Less than a third of the funds, $14 million, were invested as new… Read more »
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