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AU$25m Deal: CyberCX Strengthens Security Group with New Acquisitions
Introduction CyberCX, an Australian IT services firm, has announced its acquisition of two cloud and security solution providers—CloudTen and Decipher Works—from ASX-listed Vortix Limited. The acquisition, valued at $25 million, is aimed at strengthening CyberCX’s expertise in cloud security, identity management, and data analytics. While...
Afterpay becomes Westpac’s first digital bank-as-a-service customer
Westpac has signed on Afterpay as the debut user of its new bank-as-a-service platform which is cloud-based. Afterpay will use this platform to provide its Australian customers with savings accounts and cash flow tools. This will allow the company to understand its customers’ savings and...
ASX tech IPO 2020 update: $259m tech player to launch on the ASX soon
An Australian online marketplace for lifestyle, furniture, home, electronics and much more, MyDeal.com.au Limited (ASX: MYD) will be floating on the Australian Stock Exchange from Thursday, 22nd October 2020. The tech player has decided to get listed on the ASX to benefit from the ever-growing...
TPG to launch Felix to compete against Telstra
Australian internet and mobile services provider TPG Telecom is all set to launch its new, digital-only, mobile app-based telecom brand Felix. The new mobile service is the first new brand that will be unveiled and launched by TPG Telecom after the TPG and Vodafone Merger....
United Networks Secures $5 Million for Strategic Acquisitions
ASX-listed telecom player United Networks has received an impressive funding of $5 million via a share placement. The telecom group says it will use the capital raised to pursue a number of profitable acquisitions. The company announced that it has received binding commitments from investors...
Aussie Broadband goes public, lists on ASX a week early
Internet service provider Aussie Broadband is making the most of changing digital market trends brought on by the coronavirus pandemic. The company is looking to stage a $40 million initial public offering and make its way to the Australian Securities Exchange (ASX) boards this week....
Austrac gives clean chit to Afterpay following anti-money laundering inquiry
After concluding its investigation into the Australian BNPL service Afterpay, The Australian Transaction Reports and Analysis Centre (Austrac) has decided to not pursue any further regulatory action against it. In June 2019, the Austrac had requested the appointment of an external auditor into Australian operations...
ACCC Fines Amaysim and Lycamobile Over Misleading Ads
The Australian Consumer and Competition Commission (ACCC) has slapped penalties of AU$126,000 on mobile service providers Amaysim Australia and Lycamobile. The Australian consumer watchdog alleged that the duo offers unlimited data to its customers despite having data caps on the advertised plans. Amaysim and Lycamobile...
Buy Now Pay Later Services: Everything You Need to Know
Undoubtedly, Buy Now Pay Later Services have changed the fintech and payments environment in Australia. A recent study by Roy Morgan found that till September 2019, over 1.95 million Australians have used at least 1 shop now pay later service, online or at stores, available...
