Ecommerce

Christine Holgate, Alan Joyce

Qantas and Australia Post have signed a seven-year agreement worth more than $1 billion which will give the carrier extra capacity and flexibility to make its parcel deliveries. The new agreement gives Australia Post customers access to Qantas Freight’s dedicated freighter aircraft and priority access to the cargo space on

Commonwealth Bank has invested in Klarna, a Swedish rival to Afterpay, and will bring the European buy now, pay later provider to Australia. The deal accompanies the bank’s continued investment in its digital capabilities. CommBank invested US$100 million in the fintech’s US$460 million funding round, announced yesterday, which values the

Woolworths will begin trialing automated “micro fulfilment centres” in its supermarkets in the next 12 months to help meet the growing demand for online shopping. Three yet to be determined Woolworths sites will trial technology from a US startup that augments order picking with automation, essentially using robots to bring

China

Nine leading financial technology (fintech) companies have been selected for the sixth annual FinTech Innovation Lab Asia-Pacific, a 12-week mentorship program created by Accenture. This year’s program set a record for applications, with submissions from more than 170 companies. Sign up for Which-50’s Irregular Insights newsletter Leveraging AI, RegTech, blockchain

Fluent Commerce

Australian retail order management company Fluent Commerce has completed its Series B financing, raising AU$33 million. The round was led by Santa Monica-based Arrowroot Capital, a leading US growth equity firm specialising in B2B software. The funds will be used to drive sales and marketing, accelerate product development and continue

Amazon Seller Summit Sydney

Amazon’s Launchpad concept has arrived in Australia, providing a new platform for local direct to consumer brands to launch, market and distribute their products. The program aims to help local startups and entrepreneurs leverage Amazon’s retail expertise and infrastructure to promote their brands and grow their nascent businesses. Sign up

The Consumer Data Right legislation was passed by the Australian parliament on Thursday, providing the legal framework for Australia’s open banking regime. The CDR is a competition and consumer reform announced by the Australian Government in May 2018. Essentially a data portability right, the CDR will allow consumers to direct

Payright

Australian Buy Now, Pay Later provider Payright has completed a $27 million Series D fundraise through a mix of debt and equity, led by corporate advisory firm Henslow in partnership with wealth manager Escala Partners. Founded by brothers Piers Redward and Myles Redward in 2016, the business has raised more

retail customer sales associate relationship

Most consumers begin their shopping journey on a mobile device and either finish on the same device or go in store. That’s a key finding from Salesforce’s upcoming Commerce Cloud Shopping Index. James Johnson, director industry strategy – retail and consumer goods at Salesforce gave a sneak peek into the

The Australian market for neobanks is less than a year old, but the new entrants have big ambitions to change the way consumers bank — putting the pressure on Australia’s biggest and most established banks. The newcomers have already cleared significant hurdles by appeasing Australia’s regulators to secure their banking