Venture capital investments may be slower, but that seems to give the venture capital firms some time to go out and raise funds themselves. Sequoia Capital is the latest to reportedly raise two new US-focused funds worth up to $2.25 billion. The information reported earlier this week† The publication reported [...]
Former architect, founder of impact startup, Julia Kay, has been named Young Victorian of the Year by the Victoria Day Council. Kay is co-founder of Great Wrap, the compostable stretch film made from food scraps. The Victoria Day Awards celebrate the founding of Victoria after the division of New South [...]
As a stock photographer, taking great photos is often just a small part of the job. To run a successful business, using keywords, categorizing, subtitling and all the other admins that go with it can take almost as much time. That’s the problem wire steel is dissolving, and the company [...]
ASX-listed Archer Materials (ASX:AXE) has been awarded a major Australian patent for its 12CQ quantum computing technology. The patent’s approval marks a step forward for the Adelaide-based company in the race to become the world’s first technology used in everyday products, such as smartphones. The tech firm, which has an [...]
Medical Diagnostic Company Visby Medical raised $100 million in a Series E round earlier this year. Today, the company told me it had extended that round for another $35 million at the same valuation as the rest of the round. With this funding, Visby Medical can scale production capacity from [...]
It’s been a year since Paytron, a multi-currency payments startup, raised $4.35 million in launching the product for the SMB market. Co-founders Jaco Veldsman and Francois Henrion wanted to tackle the pain point of small business owners doing too much paperwork to manage their international payments, and they’ve spent the [...]
Equity service platform Carta has: acquired Vauban, an online platform that helps investors support private companies from start to finish. As first reported by The Informationthe deal was designed by Carta as a way to support investors of all sizes, from the sub-million dollar level to the multi-billion dollar dry [...]
Volt’s collapse is sending shockwaves through the fintech sector as startups closely associated with the neobank, such as Parpera, rush to regroup. The fintech partnered with Volt for banking services, meaning its 500+ small business customers have lost banking, payment and card functions until a new bank employee is found. [...]
When Yoal Haile started Aspira, a lending service, in 2017, he wanted to give Kenyans more choice about buying stuff on credit. The company eventually grew to a point where it was offering over $1 million in loans to customers each month. Still, Haile saw a greater opportunity at the [...]
The news that Volt Bank, the last of the three genuine Australian neobanks to receive a banking license, is about to close, caused a lot of wave through the banking and fintech community this week. It is the second neobank to return deposits and surrender its banking license after Xinja’s [...]