News Pulse for November 13, 2017

A daily download of SME, startup, fintech and tax news from around Australia.

Facebook to train regional business owners

Thousands of small business owners across regional Australia will soon receive marketing training from Facebook staff.

The social media giant announced the initiative on the sidelines of the Asia Pacific Economic Cooperation summit in Vietnam on Friday.

Wages rise to the sound of one hand clapping

Uncork the champagne, this week’s release of the third quarter wage price index should show our pay packets have all got a bit thicker.

Better make it an inexpensive domestic brand though, because the increase delivered via July’s 3.3 per cent rise in the national minimum wage is more weighted to coins than plump wads of notes.

Amazon Tipped To Enter Finance Market

Speculation is mounting that Amazon.com is set to get into the finance market their entry point could come via loans to small business in Australia.

While the service will not be launched during the next 12 months the big US online operator is set to go after the B2B market in Australia. On Monday Amazon will hold their first Summit in Australia.

NSW turns tap on open data

The NSW government has overhauled its open data infrastructure with the imminent launch of a new data marketplace to be developed and managed on Data Republic’s Senate platform.

The state’s chief information and digital officer Damon Rees told InnovationAus.com that while the existing Open Data Portal had been “instrumental” in delivering on its early open data plans, the government hope the new marketplace would be simpler and attract new users and use-cases.

Car Next Door crowdfunding part of Series B raise, after backing from Caltex

On-demand peer-to-peer car sharing network Car Next Door is opening up its latest capital raise to users of the platform, raising up to $1.5 million through crowd-sourced equity funding platform Equitise.

The move has been a long-term plan of Car Next Door co-founder and chief executive Will Davies, who said unlocking equity for its members would help drive more enthusiasm and engagement with the start-up.

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