Australia Digest: Worldpay launch; Uniti funding; US Skatespot buys startup

View of Melbourne, Australia at night

Worldpay enters Australia as part of its global expansion plan, Uniti Wireless scores a multi-million dollar investment and US-based competitor Skatespots buys Australian rival.

Worldpay finally launches in Australia after two-year wait

After a two year wait to obtain a local license, Worldpay, the UK’s largest payments processor, has launched operations in Australia in an effort to further enhance its global presence.

The company has now obtained a license to process payments in Australia with big name giants like Asos, Expedia, Cathay Pacific Airways and Digital World International already signing up for the service.

Worldpay, a payment processing service, enables businesses to accept a variety of payment types across multiple channels throughout the world.

Shane Happach, Managing Director, Global eCommerce at Worldpay said, “We have quickly found merchants trading in Australia are hungry for a payment solution that can help them drive up conversion rates and drive down the costs of running an online business across multiple markets.

“These attributes, together with the data insight and range of alternative payment methods we can offer merchants trading in Australia, gives us a clear edge in the market which we hope to capitalise on fully in the years to come,” Happach added.

Australia is one of Asia-Pacific’s largest e-commerce markets, with $42 billion of its 2015 GDP being credited to online transactions. It also leads the world in terms of eWallet adoption with a 21 per cent user rate.

Uniti Wireless gets multi-million dollar backing

South Australian wireless Internet company Uniti Wireless, has secured a multi-million dollar financial backing from two Australian telecommunications entrepreneurs.

The funding which was provided by Vocus Communications founder James Spenceley and Amcom founder Tony Grist will also see the two coming on board as strategic advisors for the next 30 months.

Uniti which offers fast fixed broadband connections aim to provide individuals with an alternative to the Australian government’s National Broadband Network (NBN). UNITI co-founder and co-CEO Che Metcalfe said, “The NBN roll-out is very slow; we’re very nimble and quicker getting to market.”

Capital from the fund aid in expansion works throughout Australia and in Uniti going head to head against competitor NBN.

“The NBN business model was broken from the beginning. We own our network from end to end and can control the quality of it. We don’t have to worry about another wholesaler in the middle between us and the customer,” he continued.

The company is also planning a rapid five year expansion plan with a goal to service 100,000 people by 2021 and to create 150 new jobs.

US rival buys Melbourne startup Skatespots.com.au

Skatespots.com.au, a Melbourne startup that offers the best local places to skate for users, has been acquired by similarly named US-based competitor Skatespots.

The Melbourne startup provided a user-generated social app and website which allowed skaters to find the best locations for their sport via recommendations and listing of their favourite locations. Financial details of the deal were not available.

Also Read:

Australia Dealbook: Delivery, fintech startups Sendle & Bigstone raise millions

Australia Dealbook: Startups Xplor and LegalVision secure funding

Australia: BidEnergy raises $5.24m, EzyCollect closes seed round

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.