This week, Melbourne’s Airwallex – a fintech start-up specialising in cross-border payments – closed one of the largest Series A funding rounds ever held by an Australian technology venture. CEO and co-founder, Jack Zhang, spoke to Dynamic Business about what was involved in securing US$13 million for the company’s foreign exchange platform from three global heavy hitters: […]
In recent times, Australian businesses with global ties have experienced a prolonged period of uncertainty, riding out everything from Trump’s unpredictable administration to Theresa May’s shock call for a snap election. The French election for presidency is no exception, with Marine Le Pen now through to the second round of voting. The far-right candidate is […]
Sydney FinTech start-up CurrencyVue has received financial support from the state government’s job creation agency to develop and test an affordable, easy-to-use foreign exchange (FX) platform for SMEs. The Minimum Viable Product (MVP) grant from Jobs for NSW helped CurrencyVue – a graduate of the BlueChilli accelerator program – cover 15% of its development costs, according […]
Australian SMEs and start-ups are increasingly taking advantage of the changing global economy and importing goods that may not be available locally or can be produced at a cheaper price overseas. While importing can be an excellent way to grow your business and keep production costs to a minimum, it is important for SMEs to […]
The Australian Taxation Office has dealt a blow to businesses capitalising on the growth in crypto-currencies like Bitcoin by finding virtual currencies should not be treated as money. The move has triggered a push back with digital currency advocates warning of reduced competitiveness, weakened innovation and a further assault upon Australia’s struggling start-up sector. In […]
In the film Wall Street, Gordon Gecko said, “Money never sleeps”, and this quote never rings truer than in the world of international trade.
Since the GFC, foreign exchange (FX) markets have seen an increase in both spot and forward transactions, reflecting an increase in market volatility. SMBs can protect themselves from this volatility by following a few simple rules.
Foreign exchange can easily turn into a nightmare for exporters. Cameron Cooper looks at foreign exchange management options for riding the highs and lows of currency fluctuation. Our national pride rises and falls with the fortunes of the Australian dollar. Think back to 2000, when the little Aussie battler got the staggers, hovering around a […]
Exchange rate risk is a reality for exporters. And with so many products on offer to help reduce your exposure, a foreign exchange management strategy is ideal for exporters who want to stay one step ahead of foreign currency deals. All exporters, whether they like it or not, have to deal in the foreign exchange […]
As a small business owner, knowing what to look for when choosing an online foreign exchange provider can be tricky, not to mention time consuming and likely scoring pretty low on your to-do list. However, taking an interest in your business’ foreign exchange (FX) requirements is important. FX may be a by-product of your actual […]
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