Sydney fintech Zip Co Ltd (ASX: Z1P) will let customers use Apple Pay and Google Pay to purchase products as part of a new virtual tap and go buy-now-pay-later (BNPL) credit card in a partnership with Visa. Called “Tap & Zip”, the fintech says the product reimagines instore BNPL, which is currently offered by just… Read more »
Shares in Melbourne-based buy-now-pay-later fintech Afterpay are up more than 5% in the first hour of trade this morning to top $100 after the company announced it had signed a deal with Westpac to offer savings accounts and cash flow tools to its Australian customers. The partnership will allow Afterpay (ASX:APT) to provide Westpac (ASX:… Read more »
V2food, the fake meat joint venture between Hungry Jacks billionaire Jack Cowin and the CSIRO, has raised $77 million (US$55 million) in a series B round involving several Asian investors including Singapore’s state-owned Temasek Holdings as it looks to push into region with its plant-based burger mince. Investment companies ABC World Asia, Altitude Partners and… Read more »
Apple has released its new smartphone, the iPhone 12, without an accompanying charger or earbuds. Users have harshly criticised the company for this move and will have to purchase these accessories separately, if needed. While some see it as cost-cutting, or a way for Apple to profit further by forcing customers to buy the products… Read more »
The Morrison government and Big Four banks have committed $100 million each to the fund It will invest in around 30-50 high growth SMEs annually in return for a 10-40% equity stake The Business Growth Fund will have an independent management team selecting investments The fund will grow to $1 billion. The nation’s biggest banks… Read more »
Perth-based angel investor Greg Riebe has been named the Angel of the year for his contribution to and impact on angel investment in the startup community in the annual Techboard 2020 Australian Angel Investment Awards. Despite fears that it would be a lean year for angel investment, Techboard found that total funds deployed by… Read more »
Startmate’s first-ever fully remote cohort of 16 Australian and New Zealand startups to pitch at live-streamed Demo Day this afternoon, October from 4.30pm. The event comes as Startmate opens applications for its hugely popular Office Hours program, on again this November, which aims to support up to 1000 founders from Australia and New Zealand by… Read more »
The age of the driverless taxi has arrived – at least in parts of Phoenix, Arizona. Self-driving car company Waymo, owned by Google’s parent company Alphabet, announced its autonomous vehicles are now available to the general public (or at least paying customers). The service is only available in a limited area for now, both because… Read more »
IKEA Australia will install solar panels generating 1.2MW of electricity on the rooftop of its Adelaide store as it moves towards operating with 100% renewable energy by 2025. The project will create largest grid-connected commercial microgrid, connecting with the South Australian power network, and will be coupled with a 3.4MWh onsite battery – think around… Read more »
Use of the 3D presentation app by Melbourne augmented reality startup JigSpace is set to soar after the company’s product featured in this morning’s Apple announcement on the new iPhone 12. The phones, which come in four new models costing between $1,199 and a gobsmacking $2,369 for the top-of-line iPhone 12 Pro Max, will be… Read more »
Sydney software startup Pathzero, which launched in the middle of the Covid-19 lockdowns through the Antler Australia program, has raised $1 million in a seed round. Antler, Black Nova Group and senior business figures including former bank boss Brian Hartzer, climate campaigner, Simon Sheikh, and former Australian Ethical Investment CEO Phil Vernon, as well as two… Read more »
Neobank Xinja is once again cutting the interest rate on its Stash account from Wednesday, as well as slashing the amount of money you can earn interest on by $95,000. It’s the fourth interest rate cut in the nine months since Stash was launched in a blaze of publicity as “Australia’s best savings account”, paying… Read more »
When brothers Nathan and Trent Torkar went looking for affordable and reliable ways to protect their motorbikes from theft, they couldn’t find a solution. So they decided to invent one using a portable GPS tracker. The result is their security startup Solid GPS, which works on everything from bikes to cars, trailers and caravans, helping people… Read more »
This year marks the 20th anniversary of Australia’s first ever incubator, Cicada Innovations. To date, Cicada Innovations has incubated more than 100 startups, and helped more than 300 companies raise in excess of $450 million in venture capital and government grants, create hundreds of jobs, build local manufacturing capability, file more than 500 patents and trademarks,… Read more »
Australian agrifood tech venture capital firm, Tenacious Ventures has co-invested as part of a US$4 million (A$5.6m) round in carbon marketplace startup, Nori. The round was led by US VC firm Placeholder along with North Island Ventures. Nori, based in Seattle, USA, has developed a marketplace for carbon removal using blockchain technology. Nori’s first supported… Read more »
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