Airwallex lands $465m series F and a decacorn title

The latest fundraising round values the company at AUD$9.6 billion, and is the first time Blackbird is included in the cap table. It has now raised more than a billion dollars in VC capital, and is on track to hit a billion in annual revenue this year. Melbourne-founded decacorn Airwallex has closed its Series F […]

Reserve Bank cuts cash rate to 3.85%

Mortgages and some cost-of-living expenses are set to ease slightly, after a long-awaited interest rate cut. “At its meeting today, the Board decided to lower the cash rate target by 25 basis points to 3.85 per cent,” an RBA statement reads. The RBA decision today was based on moderating Inflation and an uncertain economic outlook. “The Board judged […]

US and Ukraine troops deploying Australian defence innovation

Kord’s ‘centralised point of control’ allows soldiers to easily operate complex body and weapon-worn electronic devices. It was developed with the Australian Army and is now being used on the Ukrainian battlefield. The Rifle Accessory Control Unit (RACU) is ‘push-button control technology’ that enhances a soldier’s lethality and situational awareness, according to Kord. It gives […]