Oz Startup News – Tuesday, 15 May 2018


Daily Digest

FINNIES 2018: Here are all the finalists for Australia’s fintech industry awards

FinTech Australia just announced the finalists for the 2018 Finnie awards.
89 companies and individuals were chosen for Australia’s only industry-backed fintech awards, from a record field of more than 200 entries.
The finalists were assessed by 81 domestic and international judges including eight finalists for the Female FinTech Leader of the Year award.
By Business Insider

Today’s Featured Article

Labor warns: ASIC cuts threaten Australian fintech sector

Spokesman for the Digital Economy, Ed Husic, has slammed the Coalition’s budget cuts to the Australian Securities and Investments Commission, saying it would hamper the regulator’s ability to keep on top of technology-led disruption occurring in the financial services sector.

Mr. Husic told The Australian Financial Review it would also likely slow down the process of reforming crowdsourced equity funding laws to open it up to unlisted public companies and mean that it would be ill-equipped to properly monitor initial coin offerings.
By Yolanda Redrup from The Australian Financial Review
(Google Link)

Read Article

Melbourne start-up YourGrocer buys Aussie Farmers Direct assets

DATA from thousands of former Aussie Farmer Direct customers have been handed over to Melbourne start-up YourGrocer following its purchase of the failed online grocery delivery service’s intellectual property.

YourGrocer co-founder Morgan Ranieri said the company’s acquisition of Aussie Farmers Direct’s brand and customer database would help the five-year-old business rapidly expand its footprint and in doing so strengthen its fight against Coles and Woolworths.

By Alexandra Laskie from The Weekly Times

Read Article

HomeAway drops Stayz brand as it fights Airbnb in cities

The Stayz holiday accommodation rental brand will disappear within weeks, as its US parent HomeAway takes its fight with Airbnb into the inner-city market it has traditionally shunned.

HomeAway bought Stayz from Fairfax for $220 million in 2013, but the 17-year-old brand has since seen its number of Australian listings dwarfed by Airbnb. HomeAway discloses 40,000 listings in Australia, while Airbnb – which launched here in 2012 – has 140,000.


By Michael Bailey from The Australian Financial Review
(Google Link)

Read Article

This startup wants to ensure gig workers don’t lose out on employee benefits

The way we work is changing with the rise of the technology-fueled gig economy and flexible side hustles.

Despite this change, Australians who are employed on a casual basis often miss out on traditional work benefits.

Sidekicker, an on-demand employment marketplace, has launched its Unleash program to fill this gap in the market and provide its casual staff work perks such as a company car, training, and mental health benefits.

By Sarah Kimmorley from Business Insider

Read Article

Wrappli Allows Sydney Motorists To Earn Money While They Drive

Sydney motorists can now watch their cash grow with their kilometers with the release of a new app that allows drivers to earn up to $600 a month if they wrap their cars in advertising campaigns.

AdTech company Wrappli, the first graduate from Pyrmont start-up incubator Rough Diamonds Ideas Incubator, has developed an app that monitors – and monetizes – the driving habits of motorists who sign up to have their cars serve as mobile advertising billboards.


By Startup Soda News

Read Article

WA’s West Winds Gin seeks to raise $3.5 million in crowdfunding to help with expansion plans

West Winds Gin plans to turbocharge its expansion plans by raising up to $3.5 million through crowdfunding.

Through the online platform Equitise, private investors can get a stake in the popular local gin brand from as little as $500, with further increments set at $250, up to a maximum of $10,000.

The offer goes live on Monday and will close on July 17 if not fully subscribed beforehand.


By The West

Read Article

R&D tax incentive “crackdown” could harm innovation

While the 2018 federal Budget was generally welcomed by representatives of Australia’s technology industry, planned reforms to the government’s R&D tax incentive scheme have been less warmly received.

The Australian Information Industry Association (AIIA) has expressed concern that changes to the scheme could act to discourage local investment and risk Australia falling behind in its global competitiveness.

The AIIA noted that businesses with a turnover of under $20 million will now only be able to claim a 13.5% benefit, which compares to a previous allowance of up to 16.5% for the start-up cohort.


By Technology Decisions

Read Article

Courier service startup Sendle takes shot at Australia Post

The courier service startup Sendle has fired shots at Australia Post with its inaugural advertising campaign, “Why post when you can Sendle?”.

The campaign calls on Aussie SMEs to reconsider their options in parcel delivery and opt for Sendle’s delivery service.

The campaign is a first for the three-year-old delivery startup, which launched in November 2014.


By Ad News

Read Article

YourGrocer Logo