WEEK STARTING SEPTEMBER 2
AUSTRALIAN FINTECH AND STARTUPS
Zip Co continues their acquisition spree, acquiring 'Spotcap', a company that provides small business financing
Square launched a new payment terminal in Australia. Square is like the Apple of payments hardware, and people are happy to cop the extra cost of the terminal for the swanky look and feel (and, of course, their value added services e.g. dashboard)
ACCC is cracking down on the potential misuse of Australian loyalty data by loyalty providers, such as Qantas & Flybuys
Results: LinkedIn's 25 top startups to work at in Australia
Stripe has broken into cashflow lending, launching Stripe Capital in the US. Eligibility is based off of a merchant's time spent with Stripe, as opposed to following a separate application process. There's a heap more interesting perks / caveats, especially on how to loan is structured (it is a fixed fee, dynamic loan term). The better a business performs, the quicker they can repay the loan, and the effective APR becomes higher. Stripe justifies this by claiming they are wearing the risk of the business underperforming, in return for getting paid back quicker. Interestingly, this doesn't face the same regulation as traditional credit in the US. Really good thread on the product here, including a response from Stripe's CEO
Facebook is rolling out the removal of 'Like' counts
During Hurrican Dorian, Airbnb launched 'Open Homes' offering free housing for displaced people and relief workers
Human speech may have a universal transmission rate of 39 bits per second
Woolworths' 'Scan and Go' app is now offering 25% off of groceries til the end of the month to anyone who signs up. Note: Metro Woolies only (CBD, Double Bay & Mona Vale). Mad steal
Answers at the end of the email
(a) Aside from the Dakotas & Carolinas, how many US states with 2 words are there?
(b) Which US president was known for his use of malapropisms?
(c) What does the second 'A' in QANTAS mean?