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WEEK STARTING AUGUST 12


AUSTRALIAN FINTECH AND STARTUPS

TransferWise launched a debit card in Australia and New Zealand. This is a big competitor to Revolut's offering, meaning Australian consumers can now transfer to 40 different currencies at real exchange rates. Check it out here

Steve Smith made $12m off of mattress startup, Koala 

The ASX had its worst day in 18 months on Thursday

Westpac's overhauling its responsible lending policies. Interesting analysis on how a bank assesses a borrower's credit worthiness. This is a few days after Westpac won a landmark case against ASIC 

INTERNATIONAL STARTUPS

WeWork lost $2.4bn last year, and is pushing to IPO. Interesting analysis on the ambitious founder here and analysis of the S-1 here

The Telegram App has been downloaded nearly 100k times amidst the Hong Kong protests due to its 'secret chat' function (e2e encryption)

POTPOURRI

101 on the current market climate: What is an inverted yield curve?

Economist report: In the US elderly are more screen obsessed than the young

Cheating has gone up 2000% at UNSW

One to watch on Netflix this weekend: The Great Hack. A documentary and analysis on the Facebook Cambridge Analytica scandal 

TRIVIA 
Answers at the end of the email

(a) Can you un-jumble the following world capital cities? One point per capital city, one for the country.
Mat Dreams / Open Change / Bad Setup / Lock Moths / Basilar Vat / Java Rose / Less Rubs / Like Shin / Hasten / Bun Lid

(b) What two continents do not contain a landlocked country?

(c) Nicolae Ceausescu, a neo-Stalinist dictator from 1965-89, was overthrown in December 1989. What country was he associated with?

JIMMY'S NOTES

No edition last week due to some vital MC prep I had to do for a mate's wedding!

Apologies to my Colombian readers for missing out 'Colombia' in last fortnight's trivia question too, nothing personal.

Have a cracking weekend.

All the best,
Jimmy
FRIENDS OF THE INNER LOOP


Basiq
Basiq is an aggregation platform for acquiring financial data. They provide secure access to hundreds of financial institutions through a simple set of RESTful APIs.



Reinventure Jobs
Open roles within the Reinventure portfolio. Maybe time for a change to FinTech?



DiviPay Jobs
DiviPay is an awesome up and coming corporate card & expense management platform. Co-founder Dan has been a long time reader / fan of the Loop! Check out the link for some of the roles they are looking for as they scale up.

 
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Trivia Answers 

(a) Amsterdam / Copenhagen / Budapest / Stockholm / Bratislava / Sarajevo / Brussels / Helsinki / Athens / Dublin

(b) Australia & North America

(c) Romania

 

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