Friday, October 7, 2022

Businesses can leverage the SBR process in order to clean up old debt

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As the economy continues to battle ongoing waves of COVID-19, businesses who are struggling to pay legacy debts may be left wondering what their future might look like. The Australian Tax Office encourages taxpayers to lodge their returns on time to get stimulus payments like Jobkeeper, even if the taxpayer couldn’t pay the underlying tax debt.

Infinity Ventures Crypto has closed its inaugural fundraise at $70 million

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Infinity Ventures Crypto (IVC) has closed its inaugural fund capped at $70 million to jumpstart and accelerate the growth of global GameFi, DeFi and Web 3 innovations. As Asia’s most active fund targeting the region’s booming crypto currency industry, IVC is participated by heavyweights such as Circle, Digital Currency Group, and Animoca Brands.

Two young mums take on the $17 billion baby carrier industry

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A new baby carrier brand has officially launched, promising to be the most considered and unique design on the market. Four years in the making, Sia baby was established by two young mums on Sydney’s Northern Beaches, who based on their first-hand experiences with other baby carriers, wanted to create something truly unique. Founders Alexandra Caisey and Chantelle Lewis, discovered the local and global market was limited to carriers that either looked stylish or had good functional features but nothing that combined both. 

MuleSoft shows 67% of firms don’t give connected user experiences

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MuleSoft, provider of the world’s #1 integration and API platform, today reported that 67% of organizations in Australia struggle to provide completely connected user experiences across all channels. MuleSoft’s 2022 Connectivity Benchmark Report, released today, shows that this comes at a time when 70% of organizations' customer interactions are now digital.

International Women’s Day: 3 tips for female entrepreneurs to consider

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Female founders still face challenges in getting equal access to opportunities and funding for their businesses. But successful entrepreneur Michele Romanow, co-founder and CEO of Clearco, says the battle is worth it. Clearco, the world’s largest e-commerce investor, has invested $3.2 billion in over 7,000 ecommerce and SaaS companies. It launched in Australia in October 2021 where it has already invested in over 350 e-commerce companies including PhychoHealth , McIntyre Merino, iPantry,  Jolyn, The Beard Market, Vegan Grocery Store and Bhumi.

Cognigy increases Series B funding to US$59M with new investor DTCP

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Cognigy, global leader in omnichannel customer service automation, has closed an additional US$15 million funding round with DTCP. This brings the total Series B funding for the company to US$59 million. Capitalising on hypergrowth and a strong demand for its technology and services, Cognigy will leverage the investment to cement its position as a leader in the US$6.8 billion global conversational AI market and enhance its platform capabilities to speed the adoption of conversational AI platforms for enterprises worldwide.

Fenbeitong hits unicorn status, raises $140m Series C+ led by DST Global

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China corporate spend start-up Fenbeitong has raised $140 million in a Series C+ Funding round, becoming the latest unicorn in the China SaaS industry. The funding round was led by DST Global. Existing investors Hillhouse, Ribbit, Stau, Glade Brook, and Bit Rock were joined by new investors including D1 Capital Partners, WhaleRock, Saudi Aramco's P7 Ventures, and Emergence, bringing the total investment raised to date to $300 million. Yuanyi Capital was the exclusive financing adviser of this round.

IT networking pros: Catapult your career by investing in these four areas

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Nothing is certain in the life of an IT pro except for death, taxes, and the need to constantly improve their network management skills. In a recent SolarWinds survey, over 49% of our tech peers ranked network management as an area they need to upskill in for the sake of their careers. Unsurprising, what with more and more businesses offering remote work arrangements to employees. Among other things, the future worth of an IT networking pro may hinge on how efficiently they keep the network from crumbling under heavy loads.

GoCardless gets AUD $437m to meet open banking and PayTo plans

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GoCardless, a leading fintech in direct bank payment solutions, announced that it has secured a Series G funding round of AUD $437 million (USD $312 million), making it the latest European and UK tech unicorn at a valuation of AUD $2.9 billion. The investment is led by Permira’s Growth Opportunities fund, which brings significant experience in backing best-in-class payments and financial software businesses including Klarna, Clearwater Analytics and Carta.

Workbeing: The ideal antidote to the menacing global Great Resignation

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The pandemic has brought a wave of change to how we live and work. Lockdown and working from home has given people the opportunity to reflect on life and what’s important. A gap has appeared between what workers want and what employers are offering that will cause a mass exodus refered to as the ‘Great Resignation’. Time and flexibility for family, interests and exercise can no longer be sidelined by employers.