Hello! Here’s what’s happening in local tech on Wednesday.
1. Leading startup investment insiders told us what they’re looking for in the perfect fintech. Rajeev Gupta, a former investment banker at Goldman Sachs, and now partner in $100 million investment fund Alium Capital, and Stockpot’s Chris Brycki, are among the smartest money in the room. Here’s what they’re looking for in a pitch.
2. Coles has teamed up with Uber for home delivery. Australia’s second largest supermarket quietly started a home delivery trial, which will running until the end of September in a Melbourne store, with the ride sharing service as it prepares for Amazon’s arrival in Australia.
3. The $3 million saved from the cancellation of 500 Startups in Melbourne is being put into a funding a new accelerator program. LaunchVic is calling for organisations with a proven track record in the area to put their hand up for the bucket of cash. You have until October 10 to apply.
4. Inflight wi-fi on Qantas goes live next month. After trialing it since April, the airline is accelerating the roll-out on its domestic network and plans to have free wi-fi on 80 A330 and Boeing 737 planes by the end of 2018.
5. Braintree has added Visa and Mastercard to Apple and Android Pay. Paypal’s merchant payment system already had Amex on Braintree Direct, so adding the country’s two major card payments at a time when a majority of consumers are now shopping on mobile will only hasten the trend.