Smartsheet, the enterprise platform for dynamic work, has acquired brand management, templating and creative automation platform, Outfit, deepening the firm’s investment into its industry-leading digital asset management (DAM) offering, Brandfolder by Smartsheet. Smartsheet plans to integrate Outfit’s design automation and templating capabilities into Brandfolder so existing and clients can realize ever greater value from a more powerful DAM and content automation experience. As its fifth acquisition in 4 years, following Converse.AI, Slope, 10,000ft and Brandfolder, this investment represents Smartsheet’s latest step towards cementing its position as the collaborative work management platform of choice.
Less than 12 months after its launch, Australian technology-driven bridging loan specialist Bridgit has achieved a milestone $1 billion in loan applications as a growing number of homeowners opt to buy their next home before selling their existing property first.
Duplo, a business-to-business payment platform that makes it easier for African businesses of all sizes to pay each other, has announced that it has closed a $4.3 million in seed funding to launch new products and expand into new business verticals in Nigeria. The seed funding round included Liquid2 Ventures, Soma Capital, Tribe Capital, Commerce Ventures, Basecamp Fund, and Y Combinator. Oui Capital also re-invested after participating in the previous round.
Pegasystems Inc., the low-code platform provider that builds agility into the world's leading firms, unveiled the findings of its latest research into the state of customer experience in the Australian banking sector. In collaboration with Omnipoll, Pega conducted a national survey of 1,230 people aged 18+. The research reveals more than half (57%) of Australians feel their bank is more concerned with trying to sell new products and services than rewarding loyalty.
MetLife Investment Management (MIM), the asset management business of MetLife, Inc., has entered into a definitive agreement to acquire Affirmative Investment Management (AIM), a specialist ESG impact fixed income investment manager with deep capabilities in impact investing, verification, reporting and engagement. As of June 30, AIM’s AUM were $1.01bn. The acquisition is subject to customary closing conditions, including regulatory approval.
Ansarada, the global modern deals technology company, launched their Deal Indicators Report, a comprehensive trends report based on insights gathered through their Data Rooms throughout the 2022 financial year. The report uses anonymized data aggregated through tens of thousands of Data Rooms – including deals that are active and ongoing – to show emerging trends an average of 6-12 months before they’re announced to the market.
Visa announced that the company has now issued over 4 billion network tokens worldwide through Visa Token Service (VTS), marking a major milestone in its proprietary offering to help secure digital payments and further accelerate ecommerce innovation and acceptance. This historic milestone, which nearly doubled Visa’s token count in one year, surpasses the number of physical Visa cards in circulation worldwide. This milestone underscores the powerful security that tokens provide to merchants, issuers and consumers alike.
Consumers in Australia remain enthusiastic adopters of digital payments, with over 80% having used tech like digital wallets, QR codes, Buy Now Pay Later (BNPL), crypto, biometrics and others in the last year. What’s more, 51% of Australian consumers increased their usage of at least one digital payment method during the same period, demonstrating momentum.
Recent data released by the Australian Bureau of Statistics showed prices climbing by 6.1% in the June quarter, driven primarily by the increasing cost of food and fuel. Especially for those with kids, financial outgoings like education, grocery and days out can set you back.
A buy-to-earn ecosystem, Hello Clever has raised an AUD$4.5 million seed funding capital raise, led by Vectr Fintech Partners with participation from CrossFund, Yolo Investments, Magnivia Ventures, Son Tech Ventures, Boson Ventures and notable angels such as Ken Cheung (former Founding Head of Asia Pacific – Facebook and Instagram and Co-Founder of OurSong with John Legend), Daniel Johnson of Mercurien Insurance and Bosco Tan.