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WEEK STARTING MAY 27


AUSTRALIAN FINTECH & STARTUPS

Canva had a database breach, leaking ~139m usernames, emails addresses and more. Due to their skyrocketing success they were pretty heavily berated in the news. The hacker also bragged about it, claiming to sell the details on a site called Dream Market (read more about Dream Market & the Dark Web here


Australia has appointed a new FinTech minister, Jane Hume. Read about Jane here

CSIRO is putting $23.8m behind a Sydney IoT microchip startup. Ag + IoT = huge

Raiz is expanding into Malaysia


BIG TECH

Uber lost $1bn last quarter. Interestingly, they made $14.1bn in gross bookings (including Eats). Fascinating stats in that article

The UK launched a 5G network in six cities 

Cool read: Jack Ma on his life after Alibaba

COOL PRODUCT OF THE WEEK 

Ship Your Enemies GDPR - a tool to help you send a company a GDPR Data Access Request - designed to waste as much of their time as possible. It was started to show that GDPR is failing as a regulation, hurting small companies more than the large. See GDPR After One Year: Costs and Unintended Consequences and Study: Google is the biggest beneficiary of the GDPR

TRIVIA 
Answers at the end of the email

(a) In which body part do you find the Mount of Apollo, the Mount of the Moon & the Girdle of Venus?

(b) What girls’ name was among the top 100 most popular in the United States, but in 2006 it made a sudden drop to 382 due to many people being hesitant to use it?

(c) What’s the most volcanic country in the world?

(d) What 3 country capital cities begin with the letter 'J'?

JIMMY'S NOTES

Have a good weekend everybody!

All the best
Jimmy
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Open roles within the Reinventure portfolio. Maybe time for a change to FinTech?


 
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Trivia Answers 

(a) Palm of your hand

(b) Katrina (Hurricane Katrina)

(c) Iceland

(d) Juba (South Sudan), Jakarta (Malaysia), Jerusalem (Israel)






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