Here’s the news for Tuesday:
1. Apple or Samsung? We reviewed the two tech giants’ smartwatches — the Apple Watch 3 and the Samsung Gear S3 — putting them through their paces as “tap and go” payment devices. Read what we thought here.
2. A Sydney fintech just wrapped up a $50 million debt funding round. Waddle, an online cash flow lender, almost doubled its lending volume in the last financial year. Read more on the software that plugs into small business accounting packages like Xero, Intuit and MYOB.
3. Global investor Fortress Investment Group has ploughed $100 million in debt capital to an Australian fintech. Online personal lender MoneyMe is cash flow positive and profitable, lending out $150 million to 70,000 customers in the past four years. The AFR has more.
4. A Melbourne startup taking mentoring online just raised $725,000. Mentorloop was backed in this round by Blackbird Ventures, Rampersand and Tempus Capital, which adds to the $300,000 that came earlier from StartupAus director Glenn Smith and Melbourne Angels. Read more here.
5. The NBN minister will not be scrapping the stalled pay-TV cable rollout. iTnews reports Mitch Fifield is standing by the hybrid fibre-coaxial network, which was paused this week to rectify performance issues, saying it is “terrific technology” that “can get gigabit speeds”.