News Pulse for September 9, 2016

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

Sam Dastyari quits Labor frontbench: What he can learn from Cory Bernardi

LABOR’S energy-packed Sam Dastyari already will be planning his comeback, but if he first wants advice on dealing with demotion he might chat with Liberal Cory Bernardi.

It’s hard to keep a good Dastyari down and even a seriously chastened one, who admits poor judgment, will be hard to stop.

Transcript of interview with Ray Hadley: 2GB: 5 September 2016:

Parliamentary sitting week; Senator Dastyari; Cronulla Sharks; foreign investment; Queensland Nickel; negative gearing.

Sydney startup getFoodi scores $500,000 investment without even looking for funding

Two Sydney engineering students have scored a $500,000 investment valuing their startup getFoodi at $2.5 million without even looking for funding.

The getFoodi platform aims to connect “food lovers with food creators”, with a focus on desserts.

Founded by Johnson Su and Adam Love, the platform offers boutique bakeries, caterers and hobby chefs a place to sell creative treats to a larger market of consumers than they could previously.

IODM Unveils New Brand Identity To Differentiate In Crowded Accounting Software Market

Fintech company IODM has unveiled a new brand identity and positioning that aims to cut through the cluttered financial/accounting software market and communicate its core proposition, Rein in Receivables, to small business and their trusted advisors including accountants.

IODM interfaces with leading accounting software brands such as Xero, MYOB, Intuit and Reckon, and is targeted at the end-user SME as well as providing a new revenue opportunity for accounting firms.

Interview with Warren Moore, 2GB | The Hon Kelly O’Dwyer MP

Serious Financial Crimes Taskforce week of action, Draft superannuation legislation to be released, Women in politics.

Two childhood friends just raised $300,000 for their startup Mentorloop

Heidi Holmes and Lucy Lloyd, co-founders of startup Mentorloop, have just raised $300,000 to further develop their cloud-based platform taking mentoring online.

The cash comes from a mix of private investors including the director of StartupAUS, Glenn Smith, and angel investor group, Melbourne Angels.

Hostmybnb is taking on traditional and short term rentals

With an increasing number of uncertainties in the housing market, homeowners are looking for alternatives to traditional term rentals.

Airbnb and other peer-to-peer home sharing platforms are helping homeowners rent out their rooms, granny flats and homes and it’s quickly gaining in popularity as evidenced by the 18,817 active homes in Sydney currently listed on Airbnb.

Uber asks Victorian government for wheelchair subsidy

UBER should be given government subsidies to make it more accessible to people with disabilities, a Victorian inquiry has been told.

Uber’s Victorian general manager Matthew Denman and disability awareness business Centre for Access director Thomas Banks gave evidence to the Inquiry to Ride Sourcing Services on Thursday.

Uber opposes Victoria’s planned $2 levy on taxi and ride-booking fares, saying it will ‘reduce demand’

Uber says it will not support a proposed $2 levy on taxi, ride-booking and hire car trips in Victoria.

The Victorian Government announced the levy last month, as part of its plans to legalise the ride-booking industry while compensating taxi drivers for the loss of their taxi licences.

Investible launches new program to train angel investors in Australia

Investible has launched a new 12-month program to train angel investors in Australia with the aim of helping to strengthen the local startup sector and keep promising young companies in the country.

The First Angel program will take 15 budding investors through structured workshops, monthly activities and experiential learning to guide their investments in very early-stage startups.


Xero, Veda combine to deliver new service to small business

Accounting software provider Xero has partnered with Australia and New Zealand’s largest credit bureau, Veda, to give small businesses and advisors access to public information on millions of businesses by linking to the Xero accounting platform.

Xero has unveiled its Live Contacts solution with it says will give SMEs a new way to better manage customer and supplier information, including registered business names, addresses, ABN/NZBN numbers and industry classification, “helping ensure their customer information is clear, accurate and completely up to date”.

Xero says small business to benefit from financial web

The financial web — the digital connection of the services businesses use into their accounting system — promises to deliver better decisions, better access to capital, and better and more secure data, according to New Zealand trans-Tasman accounting software company Xero.

Xero chief executive Rod Drury, says delivery of these benefits are the “promise of the financial web” that the company is now “making real”, and that the financial web is bringing down barriers between banks, accountants and small business owners.

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