WEEK STARTING SEPTEMBER 30
AUSTRALIAN FINTECH & STARTUPS
Corporate card and expense management platform, DiviPay, raised $2.3m series A led by ANZi (ANZ’s Corporate VC arm). DiviPay has been a long time friend of The Inner Loop - congrats to the team!
ASIC has questioned the ‘lasting impact’ of CBA’s school banking program, Dollarmites
V2food, an Aussie version of Beyond Meat, is going to build a $20m facility for processing legumes into meat alternatives. It’s being led by Hungry Jack’s founder, Jack Cowin and CSIRO ventures. The legumes are better? I’m legumin’ it? (Other plant-based puns welcomed via email reply)
iSignthis was suspended from trading amid queries from ASIC & ASX. Not a good Sign..
More WeWork drama: WeWork withdraws their IPO. IP-NO!
Visa, MasterCard and others are reconsidering their involvement in Facebook’s Libra
Super interesting read: Leaked audio transcripts of Mark Zuckerberg discussing Facebook, the US Govt, antitrust etc
Kathmandu bought RipCurl for 350m
Interesting read: You don’t understand your software engineers
Answers at the end of the email
(a) What fish is known as the czar fish?
(b) Can you name 3 of the 4 US states whose names come from the first names of European kings?
(c) What book has the following line in the first scene: "With the brass nozzle in his fists, with this great python spitting its venomous kerosene"?