Finance

Australia's smallest businesses are saddled with card transaction fees triple that applied to major corporations and the take-up of cheaper options remains "disappointingly low", according to the Reserve Bank of Australia.

The Boosting Female Founders scheme is facing fresh setbacks, with the federal government telling nearly 700 applicants not to expect updates before June — an eight-month delay to the program's initial time frame.

As the 2023 federal budget time approaches, we’re calling on the federal government to make a change to enable easier access to key information relating to cybersecurity for small business owners. 

Block, the American fintech giant which acquired Afterpay in a $39 billion deal, has "misled" investors on key business metrics and "embraced predatory offerings", according to a new report from infamous shortsellers Hindenburg Research.

The vast document addresses small business issues in several key moments, calling for decision-makers to reassess the workplace awards system, reconsider how banks finance entrepreneurs, and better share innovative ideas with startups.

The former treasury secretary has declared the Australian taxation system is in “a parlous state” and called for “big bang” tax reform.

Aussie fintech Airwallex spun up a lot of new accounts in the wake of SVB. But it says that helping people was its focus.

Canva co-founder Cliff Obrecht has vowed to support Silicon Valley Bank should it come back from the dead, after the financial institution, which reportedly carried cash deposits for the graphic design titan, suffered one of the most spectacular bank collapses since the 2008 Global Financial Crisis.

After a rollercoaster weekend, Bitcoin has rallied by around 20% in the last four days in the wake of the Silicon Valley Bank collapse.

After posting a razor-thin profit of $23.6 million in the last six months of 2022, it anticipates a loss for the full 2022-23 financial year — only the second time since being corporatised in 1989.

ASX-listed companies have revealed tens of millions of dollars in exposure to the Silicon Valley Bank collapse, as Australian tech leaders face an anxious wait for US authorities to bail out depositors of the failed institution.

CPA Australia has sent an eight-page pre-budget submission to the ACT government recommending engagement with a broad cross-section of stakeholders to develop laws and regulations for the territory.