A lobby group for the science and technology sectors has urged political parties to pledge a sizeable boost in research and development funding to spur an economic recovery led by the STEM sectors.
The Commonwealth Bank is set to roll out a new digital lending solution which is designed to give businesses access to funds using their outstanding invoices as loan security.
Card payments company Square is set to roll out Square Loans in Australia, a program designed to help small businesses grow by giving them quick and simple access to funds.
Internet payments software provider Stripe has raised $733 million (US$600m) with completion of a funding round, with the capital to be used for investment in its European operations and to expand its Global Payments and Treasury Network to support what it says is “surging demand” from enterprise heavyweights.
American semiconductor equipment manufacturer Revasum is set to raise $7.9 million, seeking the new funds via a fully underwritten rights issue.
Australian car subscription company Loopit Group has appointed Sim Tuzun as finance director to lead the group’s financial operations across its software arm, Loopit, and its consumer subscription arm, HelloCars, ahead of its upcoming capital raising.
Mobile banking and financial services app Moneytree has closed a Series C funding round with an issuance of new shares through third-party allotment including funds of Fidelity International, to bring total funding to $45 million since the company’s founding in 2012.
Global digital money transfer transaction volumes will reach 2 billion by 2024, up from 1.1 billion in 2019, according to a new report.
Global payment services provider SWIFT has published a new API standard for the pre-authorisation of funds which it says paves the way for further innovation in financial services enabled by Open Banking.
Seeking funding for your new venture? Or maybe it's time to attract new investors to help your fledgling company grow. Four experienced players talk about the state of play for Australian Internet and other IT companies.
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