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Online retailer Kogan raises $100 million in an institutional placement
Australian online retailer Kogan successfully raised capital of $100 million via an institutional placement. The company announced yesterday that it will be raising capital to expand its services. It sold its shares for a 7.5% discounted price of $11.45 per share. The Australian e-tailer will...
Facebook News is now available to all users in the United States
After a prolonged testing phase, Facebook News has been made available to all of the US. The feature provides Facebook users with a separate section dedicated to journalism. Initially, the feature will be available as a bookmark through the app menu. Later, for those who...
Neobank 86 400 partners with Australian buy-now-pay-later Zip Co
From 9th June 2020, customers of neobank 86 400 can link and view their Zip accounts (Zip Money and Zip Pay) and transactions through the neobank’s app. The strategic partnership between the two Australian fintech companies aims at tapping into digital alternatives as more Australians...
NPP Australia, BPAY & eftpos consider merging their payments infrastructures
BPAY Group, eftpos and New Payments Platform (NPP) Australia might join forces in some form to create a single, and better, payments platform for Australians. After several months of discussions with stakeholders, the board of NPP Australia decided to create an industry committee to investigate...
Australia & India sign pact on critical technology & cyber resilience; both will invest $12.7 million
On 4th June, Australia and India signed a pact in which both countries agreed on spending $12.7 million on cyber resilience and critical technology. The pact was signed during the Australia-India Leaders’ Virtual Summit where both the countries joined hands to promote digital trade, harness...
Facebook to label posts from state-controlled media outlets
As an effort to make people more informed about where they get their news from, Facebook will label posts that are published by state-controlled media companies. The social media company will add labels to posts of media outlets it finds to be wholly or partly...
Australian buy-now-pay-later startup Openpay raises $30 million
Melbourne-based buy-now-pay-later Openpay raises an extra $30 million (A$33.77) via an oversubscribed local institutional placement. The raise follows the announcement of the company securing A$45.44 million from Global Growth Capital on Monday for its business in the UK. This is in addition to the $75...
Facebook’s Manage Activity: A New Way to Bulk Delete Posts
Introduction In a recent blog post, Facebook announced its new feature called ‘Manage Activity’ that allows you to easily manage (archive and delete) old posts in one go. Through this feature, Facebook allows you to curate a more accurate and presentable picture of who you...
Zip Co to acquire US-based buy-now-pay-later company QuadPay
Introduction To accelerate its global expansion strategy, Zip Co Limited will purchase the remaining shares in New York-based QuadPay, Inc. for $403 million. Australian buy-now-pay-later company Zip Co has taken this step to strengthen its presence in the US and to take on its rival...
