The brains behind QPay, a payments app for uni students, have secured $570,000 in funding to challenge banks for the millennial market. Provided to QPay by high-profile investors including Sydney Angels and the Sydney Angels Sidecar Fund 2, the funding will enable the startup to release a student-targeted QPay MasterCard. According to QPay CTO and […]
When startup founders first get up and running, they must, of out necessity, be lean and nimble – and that keeps them sharp. As resources become less scarce, it will become more and more challenging for founders and their teams to embody these qualities. In turn, this may lead them to lose sight of what […]
Solar tech startup Redback Technologies has raised US$7 million in capital from the Clean Energy Innovation Fund and Right Click Capital as part of its Series A-2 funding round. Based in Brisbane, Redback offers an energy management system that uses machine learning to optimise the generation, storage and management of solar energy for households and […]
When GO1 raised our first seed round I went into negotiations knowing next to nothing about raising funds. But on the other side of the table, the investors that I spoke to did this every day. And that makes it dangerous. One of our first investors turned out to be a shark. Fortunately for us […]
Changes made to the draft crowdfunding legislation, which will allow private companies to crowdfund equity, will protect investors while reducing costs and red tape for companies, according to advocacy group FinTech Australia The draft crowdfunding legislation was introduced into the Australian Parliament by Treasurer Scott Morrison, yesterday. FinTech Australia expects the legislation to provide a new fund-raising […]
This week, we launched our exciting, new initiative ‘Let’s Talk…’, which provides the entrepreneurial community with a forum to share rapid-fire views with you, our readers, every Wednesday. Our very first ‘Let’s Talk…’ theme, Raising Capital, saw us pose the question “What’s a sure-fire way to make an investor sit up and listen?” We received […]
Dynamic Business is proud to present ‘Let’s Talk…’. This exciting new, weekly initiative provides entrepreneurs and industry experts with a forum to share rapid-fire views on a range of issues that matter to start-ups and small to medium businesses. So, what’s the 411 with ‘Let’s Talk…’? Every Wednesday, we’ll pose a themed question to a […]
Entrepreneurs, along with their start-ups and innovative ideas have certainly been discovered as the new ‘best friend’ of the Australian economy – or at least, they have only recently been recognised as such at a governmental level. Welcome to the ideas boom. In December 2015, the National Innovation and Science Agenda (NISA) announced a suite […]
The startup world is alive and bustling with entrepreneurs, investors, accelerators and a growing network of support industries. The Startup Economy study undertaken by PwC and commissioned by Google highlights that with the right support and growth, this could contribute over $100 billion to GDP and create over half a million new jobs by 2033. […]
You’ve got the idea, you’ve done the research and your plans are ready and waiting; but finding someone to invest in an untested business model seems nigh on impossible. It’s the usual conundrum. A recent report from the UK suggested that despite high levels of confidence amongst younger entrepreneurs, many are being held back by […]
