Afterpay Posts Loss Despite Mushrooming Sales
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August 25, 2021
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Buy-now, pay-later giant Afterpay has posted a net transaction loss of $132.6 million despite almost doubling sales over the past year. Afterpay,... Read More
SoftBank Dumps MS, Facebook, Alphabet And Netflix Shares
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August 12, 2021
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Japanese conglomerate SoftBank has offloaded shares of US tech giants, including Facebook, Microsoft, Alphabet and Netflix. SoftBank invests in publicly listed shares... Read More
Australian Investment In Start-Ups Hits Record High
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August 12, 2021
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KPMG has released a report on venture capital investment in Australia showing that companies hit a record $3.4 billion in Q1, up... Read More
ASX To Release Outage Report
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August 10, 2021
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The ASX will soon release a report into last year’s trading outage. The report which is being prepared by IBM in consultation... Read More
Investors Concerned Over China Tech Crackdown
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July 29, 2021
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China’s move to crackdown on tech stock IPOs is fuelling growing doubt among international investors according to analysts. Chinese tech stocks faced... Read More
Openpay Is Planning US Launch
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July 29, 2021
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Buy now pay later (BNPL) platform Openpay has revealed it is planning to launch in the crowded US market. The BNPL recorded... Read More
CIA Backs Aussie Start-Up
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July 27, 2021
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IQT International Australia, the Sydney-based arm of the CIA’s venture capital firm, has been identified as a backer of computer-vision start-up Visionary... Read More
New Beem It CEO Plans National Rewards Program
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July 27, 2021
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The new CEO of payments platform Beem It, Mark Britt has kicked off plans for national Aussie rewards program Eftpos, which purchased... Read More
Visa Backs CryptoSpend Card
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July 15, 2021
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Global credit card giant Visa has approved users of Australian start-up CryptoSpend to use its tap and go system to pay with... Read More
ASIC Warns About Taking Advice From Finfluencers
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July 14, 2021
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ASIC has raised concerns about so-called finfluencers who are using social media to attract young investors with questionable financial advice. ASIC’s Executive... Read More
IT Leasing Company Exposed
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July 12, 2021
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Investors in fintech Humm Group are shaking their heads after the company revealed it has up to $12 million in historical exposure... Read More
BREAKING NEWS: Commonwealth Bank Systems Down, Again
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July 6, 2021
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Commonwealth Bank, which has been plagued by technical issues recently, has suffered another outage with NetBank services and latest balances on the... Read More
Feds Seized Robinhood CEO’s Phone In GameStop Probe
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July 5, 2021
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Investigators have seized the phone of Robinhood CEO Vlad Tenev as they continued their probe into trading that led to a trading... Read More
ASIC Warns Of ‘Pump And Dump’ Finance Scams
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July 5, 2021
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The corporate regulator has warned the new generation of Millennial and Generation Z investors could be targeted by a scam. “We are... Read More
MYOB Acquires Two Partners
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July 5, 2021
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Enterprise solutions company MYOB has acquired two rival companies Sydney-based Axsys and Queenslander Exobiz. MYOB general manager for enterprise, Kim Clarke, said... Read More
Blockbuster IPO Day For New Tech Listings
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July 2, 2021
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Tech firms dominated a huge day for IPOs on Wall St with Didi Chuxing, CLEAR and SentinelOne all deputing on the iconic... Read More
Huge Stateside Expansion Boosts Afterpay
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June 24, 2021
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Afterpay shares have shot up this morning as the buy-now-pay-later giant brings its service to a lineup of popular US online retailers.... Read More
Early Stage Tech Start-Ups Get New $50 Million Fund
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June 16, 2021
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Early stage investment operator Investible has closed the first tranche of capital for a new $50 million fund after only three months... Read More
Four Million Aussies Likely To Buy Cryptocurrencies: Report
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June 10, 2021
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Nearly four million Australians are likely to purchase digital currencies in the next 12 months, according to a survey of 1027 Australians... Read More
Bitcoin Piggy Bank Warning
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June 2, 2021
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Online safety experts are warning parents of a bitcoin product available to children in Australia which they say has little educational value.... Read More
BirdDog In Market For $13m Pre-IPO Hunt
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May 31, 2021
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Video technology company BirdDog Australia is set to float while drumming up support for a $12.75 million pre-IPO round. PAC Partners is... Read More
Andreessen Horowitz Backs Aussie Communications Startup
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May 31, 2021
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Twitter and Airbnb investor Andreessen Horowitz has made its first investment in Australia, buying into employee communication tech start-up Pyn. Pyn, which... Read More
Swoop Back On ASX
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May 31, 2021
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Telecommunications company Swoop has relisted on the ASX following a 15-fold oversubscribed $20 million capital raise. The fixed wireless and wholesale network... Read More
ATO To Crack Down On Bogus Claims
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May 26, 2021
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The Australian Taxation Office is on the lookout for anyone trying to scam working-from-home expenses while also maintaining or increasing claims for... Read More
CBA Invests $30m To Help Little Birdie Fly
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May 26, 2021
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Commonwealth Bank has poured $30 million into a new online shopping start-up, Little Birdie, giving the company a $130 million valuation and... Read More
Xero Shares Slide Despite Strong Year
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May 13, 2021
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Xero shares have tumbled more than 10 per cent at ASX opening despite continued revenue and subscriber growth. The New Zealand-based fintech... Read More
Pandemic Boom Over, Online Shopping On The Rise, Say Woolworths’ Sales Figures
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April 29, 2021
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Just like its competitor Coles, Woolworths has noted its supermarket shoppers now returning to normal shopping behaviours and buying patterns after last... Read More
Inflation For March Quarter Lower Than Expected
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April 28, 2021
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Inflation is lower than economists expected for the March quarter, with the headline figure rising to 1.1 per cent annually – that’s... Read More
Card Chaos After Commonwealth Bank Outage
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April 26, 2021
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The Commonwealth Bank has been hit by an outage to NetBank and its app, which is also affecting credit and debit cards.... Read More
MYOB Moves Into Invoice Financing
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April 13, 2021
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Accounting software company MYOB is preparing to move into invoice financing, but says it is undeterred by the recent collapse of Anglo-Australian... Read More
Afterpay, Hartzer In Data Start-Up
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April 8, 2021
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Afterpay-backed AP Ventures has invested $10 million in data capture company Basiq, in a bid to strengthen Afterpay’s ability to offer budgeting... Read More
Visa Moves To Allow Use Of Cryptocurrency
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March 31, 2021
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Global credit card giant Visa will allow the use of the cryptocurrency USD Coin to settle transactions on its payment network. The... Read More
ASX Delays Airtasker Listing, Blaming ‘Human Error’
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March 22, 2021
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If you were looking to pump a few dollars, or maybe a few thousand, into ASX new listing Airtasker today, just hold... Read More
Oz Buy Now Pay Later Sector Implements World First Industry Standards
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March 1, 2021
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Australia’s finance sector has become the first in the world to impose a code of practice on the booming buy now, pay... Read More
NAB Snaps Up 86 400 For $220m
SYDNEY: National Australia Bank (NAB) has agreed to buy out mobile digital bank 86 400 for approximately AU$220 million, and roll it... Read More
Aust Trading Apps, Super Funds Hit In GameStop Fustercluck
SYDNEY/NEW YORK/SAN FRANCISCO: The GameStop Fustercluck is essentially a finance story, but it is the technology fuelling what has been called a... Read More
Afterpay Shares Hit Record High, Good Sign For Online Retail
In a potential positive sign for the retail industry, Afterpay shares have surged to a new all-time high after rising steadily over... Read More
Bpay, Eftpos And NPP Reveal Merger Plan
CANBERRA: Australia’s major three payment infrastructure providers – Eftpos, BPay and NPP Australia – have announced plans to merge. “In Australia, international... Read More
News Says No Thanks To “Blank Cheque” For Foxtel
News Corp reportedly turned down a “blank cheque” offer from a US firm to invest in Foxtel in the middle of this... Read More
We Are Watching You, Aussie Banks, APRA Outfit Warns
SYDNEY: Australian banks and other big money handlers have copped a grim warming from the little-known, but quite powerful Australian Prudential Rights... Read More
ASIC To Investigate ASX Crash
SYDNEY: Last week’s software glitch that brought the ASX tumbling down for most of a day is currently being investigated by the... Read More
Kogan Sales Figures Won’t Hold Up Post Pandemic, Warns Morningstar
Kogan shares have been “materially overvalued”, a financial services firm has warned, with investors wrongly expecting the current online sales surge to... Read More
David Jones Still In A Dark Place As Profits Evaporate
As retailers Harvey Norman and JB Hi Fi report record sales and Wesfarmers stores surge, David Jones has gone in the opposite... Read More
Kogan, Shafer Greed Set To Be Explosive Issue At AGM Tomorrow
After already pocketing $350 Million Ruslan Kogan the CEO of kogan.com and CFO David Shafer now want another $90M and that move... Read More
Cellnet On A Roll Sales Up 18%, Profits 410% As Demand For Accessories & Gaming Soar
Brisbane based distributor Cellnet has reported an 18% jump in revenues driven by COVID-19 and demand for smartphone accessories, profit is up... Read More
Bunnings, Officeworks And Catch Fuel Wesfarmers COVID Success
Bunnings and Officeworks have delivered strong results for Wesfarmers to start the financial year, with each growing around a quarter in the... Read More
Toll’s Global Express Worth $3.2bn, Says Japan Post Bankers As They Flog It
Leaked papers have described Toll Group’s Global Express unit as a $3.2 billion business, as owner Japan Post seeks to offload it.... Read More
Harvey Norman Directors Take Big Hit As Retailer Named & Shamed
Already in strife over their ‘shonky’ store financing practices, Harvey Norman directors are facing a $14M+ hit this morning despite record COVID-19... Read More
Stay At Home Stocks Plunge On Vaccine Breakthrough News, Zoom Hit Badly
As ASX stocks climb sharply higher after Pfizer and BioNTech revealed a COVID-19 vaccine breakthrough, shares in stay at home companies such... Read More
Harvey Norman CEO Warns RBA Jumped The Gun With Historic Rate Cuts
Harvey Norman CEO Gerry Harvey has labelled the Reserve Bank Of Australia’s rate cuts as “overkill” and says the lender should have... Read More
