Long-time Canva CFO quietly leaves as Australian unicorn moves closer to IPO
Canva CFO Damien Singh quietly left his role last week after eight years. The unicorn is now seeking a finance lead with public company experience.
Court actions by Big Four banks against SMEs ramp up to pre-pandemic levels
The Big Four banks are ramping up their court activity against small businesses as interest rates continue to rise, with legal actions firmly at pre-pandemic levels in October.
What small businesses are doing to bust cost of living pressures
Fresh data showing inflation growth over the September quarter comes as no surprise to small businesses across Australia, which are torn between raising prices and laying off staff, or offering special deals to customers also struggling to keep up with the cost of living.
How Birkenstock went from an ‘ugly’ shoe company to a iconic brand worth billions
How did Birkenstock go from a family-owned business simply making functional footwear to a public company worth billions? And what's it got to do with Barbie?
Pandemic-era debts force Melbourne craft brewer into administration
Melbourne craft beer stalwart Bad Shepherd Brewing Co. has called in the administrators for a financial restructure, owing to legacy debts incurred through the COVID-19 pandemic.
Card transaction surcharging on the rise, Zeller says, as merchants seek cost-saving measures
Australian fintech Zeller says half of all transactions processed through its terminals in May 2023 included a surcharge for customers.
Australia’s oldest chocolate brand Ernest Hillier collapses into voluntary administration
Ernest Hillier Chocolates has entered voluntary administration for a second time, with the rising cost of raw materials and shipping squeezing its margins.
Dairy-free yoghurt brand Coco Tribe follows Made by Cow into voluntary administration
A premium coconut yoghurt brand stocked in hundreds of grocery stores across the country has collapsed into voluntary administration.
Austrade’s NYC accelerator for Aussie fintechs with an empire state of mind
We take a peek inside Austrade's Scale Up program in New York, designed for Aussie fintechs navigating their breakthrough into the US market.
Providoor owes $4.4 million in unredeemed gift cards, leaving diners in the lurch
Gourmet meal delivery platform Providoor reportedly owed nearly $4.4 million to gift card holders when it entered external administration late last month, highlighting the difficulty for unsecured creditors to be made whole after a company collapse.
Small business lender Judo Bank is using automation and AI to bring the fight to the Big Four
Small business lender Judo Bank says its new forays into automation and artificial intelligence will provide customers with insights they could not gain on their own, as the scale-up challenges "industrialised" SME loans offered by the Big Four.
Where-to for Go-To? New owner sought for Zoë Foster Blake’s skincare brand after BWX collapses
Challenged cosmetics group BWX has called in administrators, while Zoë Foster Blake's Go-To skincare continues its search for a new owner.
