Australia is known for its diversified and technologically advanced economy. Australia continues to encourage the development of a number of local startups nationally with an international launch. The last five years have proved to be productive, as the funding rounds have almost reached twice as high.
The estimated capital growth since 2015 is $4 billion brand new funds raised by Australian Venture Capitalists. With a more progressive research, it will be inaccurate to say that all startups are equally famed. The lack of proper marketing and focusing more on small business niches can be a problem.
While a proper business planning and execution can give a good stretch in the international business arena. With their innovative approach, the startups have gained global market reach taking the pride of its “Unicorn” status that is worth more than a billion US dollars. For a more elaborative view, let’s take a look at our favorite startups, piling up more information on each company and its counterparts.
1. Judo Bank
Total funding: $1.5 Billion
Judo Bank is an online business bank backed by the SME Guarantee Scheme. With a team of dedicated officials, Judo Bank develops a trustworthy relationship with the proprietors and their SMEs. It provides financial assistance and business loans imperative for each SME. As business is all about striking while the iron is hot, Judo Bank help the SMEs to back their ideas with the funding they need.
Total funding: $241.6 Million
Canva is the world’s most inclusive graphic design tool that can be used to design and work more seamlessly. Be in logos, web pages, brochures, presentations, social media graphics, business cards etc. Canva is the most productive digital creator. Available in 100 languages and on any device, the users can start with one of Canva’s 50,000 templates and see where their creativity takes them.
Total funding: $71.1 Million
Spaceship is a fund investing platform designed to helping the younger generations to invest in their future. Spaceship offers two portfolios to its customers-Origin and Universe.
Origin is somewhat similar to an index ETF, however it is not market cap weighted. It invests in 100 Australian and 100 International companies. The minimum fee is 5$. On the contrary, The Universe is more of an active fund. The investment philosophy is based on WWG “Where the World is going” principle.
Companies are screened on factors like market cap, future growth potential, management and even liquidity among other things. The minimum fee is 1$ P/A. With companies such as Amazon, Google, Facebook and more. Spaceship guides the users to invest in a curated global portfolio.
Total funding: $46.1 Million
Uno is the world’s most authentic platform that facilitate users with better financial decisions. The best part is that Uno offers online tools to compare loans, so that the interest rate do not affect the cost of loans. Whether it is to buy real estate property, or to avail a new loan, Uno can assist with better guidance.
Total funding: $45 Million
99designs is an online platform where you can find designers for clothing and merchandise, art and illustration, packing and labels, magazines, and a flat-out logo, etc. A bunch of logo designers will throw their hat on their ring and come up with various designs based on specifications you outlined.
However, the whole idea is to have a plethora of options to choose from. The minimum price is $299. Besides collecting briefs from customers online, 99designs offers the services of its community of professional designers to deliver the clients’ requirements at the earliest.
Total funding: $43.7 Million
Go1 is the one most dedicated platform wherein the companies get the curated training courses from the world’s skilled training institutions for their employees. It is easily accessible and is one of the ruling eLearning library learning and education that has famed across countries such as Australia, United States, South Africa, Vietnam, the United Kingdom, and Malaysia.
Total funding: $40 Million
So far Lendi is the most reliable online platform for home loans. Here, users are allowed to choose home loans freely from more than 30 major lenders. Facilitating the acquisition of houses and to refinance loans, Lendi thereby negotiates better loans for its users and also empowers them through its online tools and a team of experts.
8. Power Ledger
Total funding: $35 Million
Power Ledger is a tech company that has developed a blockchain enabled renewable energy trading platform. With market abilities, the company has built a series of products to enable energy trading, renewable asset financing and moving efficient carbon and renewable carbon credits transactions.
9. Assembly Payments
Total funding: $32.3 Million
Assembly Payments is a complete payment gateway that help businesses manage payment workflows and move funds without any delay. Perhaps it is the perfect way to capture credit cards without a lot of coding on the user’s side. However, Assembly is committed to go beyond excellence to deliver a highly secure system, meeting regulatory standards.
10. Employment Hero
Total funding: $27.7 Million
Employment Hero is the best HR software that Australia has to offer. With Employment Hero, SME’s can easily manage HR payroll, employee engagement and its benefits. Along with a team of experts, it has a wide range of products and services lining up for a hassle-free compliance with minimum paper works, and deliver better employee allowances.
What industries are booming in Australia?
Manufacturing Industry, Healthcare Industry, Energy Industry, Food Industry, Technology Industry.
How many startups fail in Australia?
20% of businesses fail in their first year in Australia.
What is the biggest industry in Australia?
Consumer Goods Retailing in Australia is one of the biggest industry in Australia.
The economy of Australia is growing leaps and bounds with the technological advancements form of its rising start-ups. While some are fast-moving for completion, others are balls against walls, however predominantly focused to become next market leaders.
The series of startups focusing on and winning economic dynamism, implies a number of industries and businesses, but the importance of tech startups is limpid, as enormous companies are either cloud-based platforms or software based. From professional forums to Financial Technology and from e-commerce to Artificial Intelligence (AI), Australia is no easy feat.
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