Finding a way into the niche market of online financial services has high stakes, but the profit potentials make it well worth the risks. The big four banks of Australia is estimated to generate over $29 billion dollars annually. This is something that seems to have been very clearly understood by Brett Hales, the Co-Founder and CEO of Brisbane-based mCommerce and mPOS startup Tappr.
In knowing the struggles startup founders face when recruiting talent, last year, Lee, Maloof, Temponi and Michayluk decided to create a business that connects startups to motivated, entrepreneurial interns. They have since placed several interns in Sydney and Melbourne based startups with a beta site.
It sounds simple – because simplicity is the purpose – but what’s interesting is how scalable ParentPaperwork’s solution is, especially when considering its potential beyond Australia and the education industry.
GiggedIn Australia’s only platform that combines both crowd funding and ticketing with a focus on the live music scene, announced yesterday a new partnership that sees it become part of the Social Family Group (SFG) stable.
Rewardle raised $4 million through an oversubscribed Initial Public Offering; and at closing price, trades with a market capitalisation of more than $30 million.
BloomNation offers florists and floral designers a platform for running their operations online. It was founded in 2011 by David Daneshgar, Gregg Weisstein and Farbod Shoraka. In the early days the trio decided to stay away from outside investors instead choosing to fund the venture themselves.
Australian entrepreneurs David and Joel Harrison decided it was time to overlay a digital marketplace model to an old-school industry. Last month, they launched their startup Waste Choices, offering businesses of any size a fast, transparent, and compliant solution for waste collection, recycling, treatment and disposal of over 30 streams of waste.
A number of sources have told Startup Daily that Sydney-headquartered venture technology firm and startup incubator BlueChilli has not delivered on its promise to numerous startups in its portfolio, with one source saying it is “doing more damage to the Australian startup scene than good.”