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Australian online shopping startup Little Birdie announced that it has secured a $23-million investment from Commonwealth Bank of Australia.

mx51 chief executive Victor Zheng. Source: supplied This week we saw e-commerce platform Little Birdie backed to the tune of $30 million with funding from CBA, and heard from Collabosaurus founder Jessica Ruhfus, who hasn’t raised a cent, but has bootstrapped her way to profitability. But there has also been more funding activity for Aussie startups, including in both the medtech and fintech sectors, as well as a successful equity crowdfunding campaign for a business digitising property management. Plus, we take a look at a shiny new unicorn in the US solar energy space. Here’s some of th...

Payments Giant Mastercard Joins $25M Round in Australian Payment as a Service Fintech mx51 Mastercard has reportedly joined a $25 million investment round in Australia-based payments-as-a-service Fintech mx51. As noted my mx51’s management: “We empower our partners to connect seamlessly with merchants and their customers. mx51 is the first Australian fintech to develop a bank-grade, modern, end-to-end Payment as a Service platform. With deep knowledge of merchant acquiring and scalable payments technology, we can help our partners thrive globally in a disruptive world.” The capital sec...

iTWire Monday, 24 May 2021 16:56 mx51 adds $25 million to coffers with capital raise Featured Victor Zheng, CEO mx51 Payments technology company mx51 has raised $25 million in a Series A round led by Acorn Capital, Artesian, Commencer Capital and Mastercard.  The funds represent mx51’s first major round of investment, secured less than 12 months after the company spun out of Assembly Payments in May 2020. The business is led and founded by former Westpac executive and former Assembly Payments co-CEO Victor Zheng.  mx5 says the round will allow it to rapidly expa...

Shadow Minister for Industry and Innovation Ed Husic. Source: AAP/Mick Tsikas. Shadow Minister for Industry and Innovation Ed Husic has joined startup leaders in responding to last night’s federal budget, with a general emerging consensus suggesting measures to boost the tech ecosystem are welcome, but could go further. In an initial statement ahead of Labor’s broader response, Husic said he welcomed the investment into Australia’s AI capabilities, noting this is something he has been calling for “for a long time”. However, he added he would reserve his judgement on the scheme until...