How lending startups like Afterpay make their money

Startups like Afterpay that allow consumers to ‘instantly’ borrow money for purchases are using a business model that has been around for centuries. It’s called “factoring” of accounts receivables. This is when a company sells its accounts receivables (money owed for a good or service that has already been delivered) to a lender, typically at a discount. Typically, factoring … Read more


EVENT management company cievents has announced the launch of its world-first online platform, cimeetings, which is a new product set to revolutionise the corporate events planning industry. Flight Centre Travel Group’s (ASX: FLT) other corporate brands (FCM and Corporate Traveller) will offer cimeetings to customers as an innovative solution for better management and visibility across … Read more

A startup born at MIT has created a wheel that can make any bike electric — and now it’s coming to Europe

Superpedestrian, a startup born at MIT’s Senseable City Lab, is launching its first product internationally. Called the Copenhagen Wheel, the red-hub wheel can convert any bike into an electric (and smart) mode of transportation. The bike is already available in 44 US states, but Superpedestrian has announced it will sell the Copenhagen Wheel in the United Kingdom and … Read more

A former Sydney tech startup CFO has been charged with taking $6.25 million

John Falconer, a former director and chief financial officer of software startup TZ Limited, has been extradited from Thailand to face dishonesty charges in Sydney’s Central Local Court. The charges follow an investigation by corporate regulator ASIC (Australian Securities and Investments Commission) which alleges $6.25 million of TZ Limited’s funds were transferred to entities associated … Read more

NAB is collaborating with an Israeli crowdfunding platform to offer startup investments

The National Australia Bank private banking division is partnering with Israeli crowdfunding platform, OurCrowd, to offer NAB customers access to OurCrowd startup investments. The bank says it’s an Australian first giving its clients access to one of the world’s largest equity crowdfunding platforms, which entered the local market three years ago. NAB Private executive general … Read more

Is a “robot tax” really an “innovation penalty”?

Steve Cousins is founder and CEO of Savioke, which develops and deploys autonomous robots that work in human environments to improve people’s lives. Steve was previously president and CEO of robotics incubator Willow Garage. When Bill Gates recently suggested robots should pay income tax like any other employee, I didn’t immediately disagree. I applaud Gates’ … Read more