Australian online freelancing marketplace Freelancer is moving to corner the online payments market, striking a deal to acquire online escrow service provider Escrow.com for $7.5 million.
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Increased investment in product development has contributed to an annual net loss after tax of NZ$69.5 million for New Zealand cloud accounting software provider Xero, despite an 81 percent jump in subscription revenue during the financial year.
European mail solutions giant Neopost has taken a majority stake in Australian logistics software startup Temando after coughing up $50 million for a Series B investment round in the company.
It is too early into bitcoin's development in Australia to make changes to the tax laws around the cryptocurrency, according to the Australian Treasury Department.
Wesfarmers has said that innovation in Target's online business has led to a 40 percent increase in its retail subsidiary's internet sales for the six months ending December 2014.
Australian online local services platform operator Oneflare Group estimates that it will now see over 1 million unique visitors each month, following its acquisition of online customer review website WOMO.
Australian e-commerce startup Kounta is making its move into the North American business software market, with the launch of its point-of-sale platform in the United States.
Australia's CoinJar has introduced a Hedged Accounts offering that pegs bitcoin to standard currencies such as the US dollar and pound sterling.
Australian online accounting and legal software player Reckon has seen an 18 percent increase in cash flow for the year ending 2014, with the company attributing part of the boost to its new subscription model.
Australian e-commerce tech startup Bigcommerce has bolstered its advisory board with the addition of Nasuni COO and CFO Scott Dussault, who helped lead cloud commerce provider Demandware to a successful IPO in 2012.