Online lending business Prospa has raised $25 million in a funding round led by Australian venture capital firm, AirTree Ventures. The deal is the largest fintech venture capital investment in an Australian business. To date, Prospa has issued $250 million in total loans to small businesses in Australia. Prospa said

Airbnb has acquired Montreal-based Luxury Retreats, a luxury vacation rental company offering over 4,000 homes in 100 destinations around the world. As a result of the deal Luxury Retreats CEO Joe Poulin will join Airbnb and lead luxury homes, reporting to Airbnb co-founder and CEO Brian Chesky. Sign up for

When Australian online retailer Vinomofo launched its Singaporean operation before Christmas they filled their new warehouse with enough wine to last for two months. Or so they thought. A mere 48 hours after launch the company had all but sold out of its stock and needed to air freight more

Revenues from the global digital games market are set to reach the $100 billion milestone by the end of this year according to a new study from Juniper Research. Coupled with the continued growth of mobile, the industry will see total revenues reach $132 billion by 2021. Sign up for Which-50’s Irregular

There’s more than one way for Australian online retailers to enter China. South Australian fashion e-tailer BNKR (pronounced bunker) launched its Chinese-language website this week, choosing to build their own online channel rather than signing up with one of China’s internet giants such as Alibaba’s Tmall marketplace. Sign up for

Online retailer, Adore Beauty, has bought back the 25 per cent stake in the business it sold to Woolworths less than two years ago. Sign up for Which-50’s Irregular Insights newsletter Kate Morris, the founder and CEO of Adore Beauty who started the Melbourne company in 1999, said the funding

A new deal between Tyro Payments and Afterpay will allow Australian consumers to buy clothing, sporting goods and other products from a wide range of retail outlets, receive them immediately and pay for the items weeks later, interest-free and without penalty. The partnership will facilitate the rollout of Afterpay’s “buy

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By 2021, nearly three billion users will access retail banking services via smartphones, tablets, PCs and smart watches — up 53 per cent from this year. The figures are contained in a study by Juniper Research. According to research author Nitin Bhas, “Technology is currently the big differentiator for all types

Retailers who are slow to adopt new online channels have suffered in slowing brick-and-mortar sales while innovative retailers and importers experienced a huge uptick in sales from e-commerce channels in 2016 according to the American Association of Exporters & Importers. It says online sales hit $91.7 billion, up 11 per cent

Retail and brand marketers know promotions are a race to the bottom. But they’re also an addictive marketing tactic, and the promotional habit is one that’s hard to break. Let’s face it, promotions can bring a quick boost to online conversion and digital commerce revenue. But like most every other