Category: Australia
Cross-border fintech Airwallex raises $100M Series D extension at new valuation of $2.6B
Airwallex, the fintech company for cross-border businesses, announced today it has added $100 million more to its Series D round, bumping its valuation up to $2.6 billion. The extension was led by Greenoaks, with participation from Grok Ventures and returning investors Skip Capital and ANZi Ventures. Co-founder and chief executive…
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After Facebook’s news flex, Australia passes bargaining code for platforms and publishers
A week after Facebook grabbed eyeballs globally by blocking news publishers and turning off news-sharing on its platform in Australia, the country’s parliament has approved legislation that makes it mandatory for platform giants like Facebook and Google to negotiate to remunerate local news publishers for their content, to take account…
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Facebook to restore news sharing in Australia after government amends proposed law
Facebook said it will begin restoring news sharing to Australian users’ feeds in “the coming days” after reaching an agreement with the country’s government. The social media giant made the drastic move of restricting news content in Australia last Wednesday after a dispute over a proposed media bargaining code that…
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Facebook is back to talking with Australian authorities over news block
Facebook hasn't completely unfriended Australia. According to Reuters, the social network is currently in negotiations with Australian authorities, a few days after it blocked users in the country from sharing news links. Australian Prime Ministe… Source
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Facebook’s Australian news ban took down government Pages
When Facebook started blocking Australian publishers and residents from posting or sharing news content earlier, government agencies and even non-profit organizations got caught in the crossfire. The social network implemented the news-sharing ban in… Source
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DesignCrowd raises $10 million AUD to grow its DIY platform, BrandCrowd
DesignCrowd announced today it has raised $10 million AUD (about $7.6 billion USD) in pre-IPO funding. The capital will be used on hiring and product development, with the goal of accelerating the growth of BrandCrowd, its DIY platform. The new funding comes as DesignCrowd gets ready for a potential initial…
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