We’ve a packed edition of 5 things for you today:
1. We’ve crunched the numbers on BrickX. Business Insider’s money expert Sam Jacobs has scrutinised the microinvestment startup that’s received a lot of publicity in allowing ordinary folk to co-operatively invest in expensive Sydney and Melbourne real estate. Is the service as good as it seems? Check out the analysis.
2. This chart shows who fits in where in Australia’s fintech industry. FinTech Australia has created a visual representation of all its members to give a great top-down view of the local ecosystem, including startups, VCs, accelerators, co-working spaces and regulators. Check out the map here.
3. Apple just banned Westpac’s in-message mobile payment functionality. The bank introduced a service in March that allowed customers to make payments from within communications apps such as Facebook Messenger, WhatsApp, Snapchat and WeChat. But now that will be rolled back in July after Apple, citing security concerns. A banking industry insider, according to the AFR, suspects that Apple wants to do its own keyboard-based payment system.
4. 250 Target stores in the USA are now selling an Australian startup’s parental control device. KoalaSafe manufactures small boxes that plug into the home internet network to allow parents to monitor and control the amount of time their children spend online. Read more on the startup that developed out of Sydney but is now run out of Cairns and San Francisco.
5. Bad luck if you have an iPhone. Only Android phones, consisting of about 60% of handsets in Australia, have the capability to send accurate location information to emergency services when you dial triple zero, if the department of communications brings in its preferred location tracking system. A tender has now opened to bring in this capability, according to iTnews.
Bonus: Atlassian staff are inventive. Plenty of its employees wear “swag” – company merchandise – but a group of female workers decided the t-shirts and hoodies were too masculine, and have made dresses out of excess material. See them here.
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