Angela Clark appointed CEO of payments fintech Beem It
Sydney, Australia, 9 October 2018 – Beem It, Australia’s first fintech venture founded collaboratively by leading Australian banks has appointed CBA executive and innovation leader, Ms Angela Clark to the role of CEO.
Beem It was established in February 2018 by National Australia Bank, Westpac and Commonwealth Bank to deliver better payments experiences within a dedicated app available to all Australians, regardless of who they bank with. Following Beem It’s initial launch in May 2018, it has quickly become a prominent P2P payments platform in Australia with a fast-growing user base, from millennials to baby boomers.
Beem It Chair, Ms Kim Anderson described Ms Clark as an exceptional leader with a rare combination of skills and experience across traditional banking, startups and innovation.
“Angela is a seasoned executive with extensive experience in large multi-layered organisations together with smaller innovative startups. She brings a deep understanding of the customer experience and the ability to innovate in an agile and fast-moving environment. We are delighted to have her lead this initiative and look forward to building an innovative and inclusive platform that delivers value across the Australian payments landscape,” Ms Anderson said.
Ms Clark’s experience as a CEO and Managing Director spans multiple sectors and customer segments, including payments and financial services, and digital and traditional media such as advertising, broadcasting and radio. She has led companies as a founding CEO and Managing Director, founded her own ventures, and led transformation of divisions and customer strategy within large organisations.
In 2017, Ms Clark joined the Commonwealth Bank (CBA) to lead the Small Business segment for the Retail Bank as an Executive General Manager. Ms Clark was part of an executive team comprising members across CBA, Westpac and National Australia Bank that spearheaded the founding of the Beem It payments venture, with a vision to create an open digital wallet and payments innovation platform for all Australian consumers and businesses.
Prior to joining CBA Ms Clark led the digital division of the Australian Broadcasting Corporation (ABC), where she was responsible for the ABC’s digital strategy and delivery of its digital customer experience. Angela began her career as an investment analyst before joining global outdoor advertising leader JCDecaux as Managing Director of the Australian division, and later heading up Macquarie Radio as CEO, where she led the business to IPO. Ms Clark has a reputation as a leader in innovation in the Australian market and as an entrepreneur, having founded a number of her own digital media startups.
Ms Clark said she is excited to join Beem It as CEO at this early stage of its journey.
“I believe that the best innovation and technology helps us be more human, not less so. Beem It has a customer-first vision for making everyday payments moments an enjoyable and seamless experience. This lets our users focus on the experience itself, rather than the payment.
“Coordinating everyone in a group to pay their fair share, getting paid for babysitting or dog walking, sorting out a birthday present or charity contribution; we have all been in situations where asking for money is a hassle and delays in getting paid can cause awkwardness and resentment in groups, families and even among great friends. Beem It helps make those moments seamless, so we can enjoy our time together more and maintain our bonds,” Ms Clark said.
About Beem It
The Beem It app provides instant and free P2P payments, processed direct to user bank accounts. The intuitive interface links to smartphone contacts allowing customers to send, request or split payments in a few taps, with no BSB, account details or PayID required.
Beem It is available to all Australians, regardless of who they bank with. Backed by three of Australia’s largest banks, users are supported by rigorous security, encryption, identity and fraud protection measures.
Users appreciate the simplicity and convenience of Beem It, which is the highest-ranked financial app in both iOS and Android app stores, with more than 4.5 stars. Users can also earn up to $100 cash direct to their bank accounts, by spreading the word to their friends. Beem It also recently released a printable QR code to make it easier for small businesses to accept Beem It payments.
The Beem It platform powers the growing feature set within the Beem It app experience and will also enable Beem It payment experiences to be embedded in other digital services to support future partnerships and services as part of Beem It’s vision to build an open Australian digital wallet.
Digital Wallet Pty Ltd (trading as Beem It) is a joint venture of National Australia Bank, Westpac and Commonwealth Bank.
For more information, please visit www.beemit.com.au.
02 9492 1000 | 0416 005 703
Tyro first Australian bank to integrate with Alipay
Reinforcing its strategy to accept all payment types in response to merchant needs
Sydney, Australia, 28 August 2018 – Tyro, Australia’s business-only bank, today announced it had entered an agreement with the world’s largest mobile and online payment platform, Alipay, to become the first Australian bank to offer a seamless, all-in-one EFTPOS solution with Alipay for Tyro’s merchants and improve Australian businesses’ access to the Chinese visitor market.
Tyro is currently working with several merchants to determine appropriate pilot sites for launch by the end of 2018. Tyro will offer Alipay to its other eligible 20,000+ businesses from second quarter 2019.
The Alipay integration continues Tyro’s strategy of enabling its merchants to accept all payment types, letting their customers choose the way they want to pay.
Operated by Alibaba Group’s affiliate Ant Financial, Alipay is the world’s leading mobile and online payment platform and is a must-have app in China. With over 870 million active users in China and overseas with its strategic partners, Alipay has evolved from a digital wallet to a lifestyle enabler and is the number one payment method in China.
In Australia and New Zealand, Alipay now partners with over 10,000 businesses, helping them capitalise on the lucrative and rapidly expanding Chinese visitor market. Tyro will be the first Australian bank offering all-in-one EFTPOS with integrated Alipay acceptance with its merchants.
Robbie Cooke, CEO of Tyro, said, “This is an exciting initiative for businesses in Australia, especially for those in the retail and hospitality sectors. It sees Tyro continue to challenge the status quo, being the first Australian bank to give its merchants the opportunity to seamlessly integrate with Alipay, enabling them to better serve Chinese tourists and giving customers more choice in how they want to pay.”
George Lawson, ANZ Country Manager at Alipay, said, “Banks are pivotal to Alipay’s expansion in Australia as it allows us to switch on our technology for thousands of merchants simultaneously through their existing payment terminals. Australian businesses have been calling out for their banks to partner with Alipay to improve their exposure to the rapidly expanding Chinese visitor market so it’s pleasing to see Tyro take the lead on this and give their merchants access to new customers and incremental revenues.”
In the year ending February 2018, almost 1.4 million Chinese tourists visited Australia, injecting AU$10.4 billion into the economy (in the year ending December 2017). This is predicted to rise to AU$13 billion by 2020. Alipay is also hassle-free and easy to set up for any operator and provides merchants with additional marketing capabilities.
Data from Nielsen has indicated that 65% of Chinese tourists use mobile payment platforms during their overseas travels, six times more than non-Chinese tourists (11%). In addition, over 90% of Chinese tourists would consider using Alipay when travelling abroad if Alipay were more widely accepted among foreign merchants. Moreover, over 90% of Chinese tourists indicated they would increase their spending if Alipay were an accepted payment method.
Tyro is further diversifying its offering and responding to merchant needs by introducing initiatives that attract more revenue to benefit their business. The Alipay integration is part of a wider scope from Tyro to offer alternative payments, as part of its existing award-winning EFTPOS and banking-specific products. As the only Australian bank completely dedicated to business banking, Tyro is at the forefront of banking and payment innovation and strongly supports its customers by designing innovative products and a better experience, so they can succeed.
Tyro is an Australian Bank and operates under the supervision of the Australian Prudential Regulation Authority (APRA).
Tyro provides credit, debit and eftpos card acquiring, Medicare and private health fund claiming and rebating services, as well as an interest-bearing transaction and deposit account offering integration with Xero accounting software. Tyro takes money on deposit and offers unsecured cashflow-based lending to Tyro EFTPOS merchants.
Tyro currently serves more than 20,000 businesses with its own in-house, cloud-based mobile core banking platform.
For more information, visit tyro.com.
Operated by Ant Financial Services Group, Alipay is the world’s largest mobile and online payment platform. Launched in 2004, Alipay currently works with over 200 domestic financial institution partners. Over the years, Alipay has evolved from a digital wallet to a lifestyle enabler. Users can hail a taxi, book a hotel, buy movie tickets, pay utility bills, make appointments with doctors, or purchase wealth management products directly from within the app. In addition to online payments, Alipay is expanding to in-store offline payments both inside and outside of China. Alipay’s in-store payment service covers over 40 countries and regions across the world, and tax reimbursement via Alipay is supported in 29 countries and regions. Alipay works with over 250 overseas financial institutions and payment solution providers to enable cross-border payments for Chinese travelling overseas and overseas customers who purchase products from Chinese e-commerce sites. Alipay currently supports 27 currencies.
02 9492 1000 | 0416 005 703
CA ANZ partners with Fishburners to capitalise on disruption in the profession
Today Chartered Accountants Australia and New Zealand (CA ANZ) unveils its plan to align with leading innovation community Fishburners as part of its strategy to strengthen the accounting profession for the future.
“Our Strategic Review, involving more than 100 member workshops, confirmed that the profession is changing rapidly, with much more diversity and disruption than experienced in the past. For the profession to remain at the forefront, it is vital we keep pace,” said Rick Ellis, CEO of CA ANZ.
“Members, particularly in public practice, yearn for connections with new solutions, technologies and insights to be able to shape the services they offer.
“One source of this disruption is within innovation communities – they are evolving business models, creating new markets and driving operating efficiencies.”
CA Catalyst brings together Chartered Accountants from all segments, innovation communities Fishburners, Stone & Chalk and The Icehouse, and technology providers to create opportunities for mutually beneficial collaboration.
“This includes immersions within innovation communities, access to training, toolkits and guides for disruption-readiness, and exposure to practical solutions,” said Ellis.
“CA Catalyst is an opportunity for Chartered Accountants to get on the leading edge of the future of accounting, build personal and organisational capabilities, explore new markets and services, and leverage innovation to provide greater value for themselves, their clients and their communities.”
Fishburners is a well-established not-for-profit in Australia, nurturing high impact, scalable start-ups in a culture of shared ideas and experiences.
“This partnership and professional exchange offers fantastic learning opportunities for both organisations and will generate huge benefits to our startups as they prepare to expand,” said Pandora Shelley, CEO of Fishburners.
“Much of the conversation in the startup world is focused around securing a funding outcome. Yet, understanding when to take on external funding and how to apply that funding efficiently is equally important – with many of our most successful startups boot-strapping for a significant period in the early stages.”
“Fishburners is focused on supporting startups at every stage in their growth journey. Helping them to start out strong, with a firm financial foundation is critical.”
“Many startups, particularly at early stage, don’t have the resources to take on a senior CFO who can provide this kind of advice.”
“Through this partnership, start-ups can have access to accounting and financial expertise, assisting them to make confident and accurate decisions about their growth.”
Fishburners hosts Australia’s largest startup community – with 383 startups and 728 entrepreneurs across the Sydney, Brisbane and Shanghai working hubs. The growth continues, with Fishburners adding between 40 and 50 startups each month across Sydney and Brisbane.
Australia’s biggest funnel for startups, more than 1,800 entrepreneurs and 1,250 startup entities have been part of Fishburners’ operations since opening. High-profile alumni that were ‘born’ at Fishburners include successful startups such as Koala, GoCatch, graphic design marketplace DesignCrowd, Code Camp, Tinybeans, Madpaws, Jayride and Hyper Anna. Koala, Australia’s highest-rated mattress, raised $15m and generated $14m in revenue in its first year.
About Chartered Accountants Australia and New Zealand
Chartered Accountants Australia and New Zealand is a professional body comprised of over 120,000 diverse, talented and financially astute members who utilise their skills every day to make a difference for businesses the world over.
Members are known for their professional integrity, principled judgment, financial discipline and a forward-looking approach to business which contributes to the prosperity of our nations.
Australia’s largest startup community, Fishburners,
doubles it’s Brisbane operation in second year
Australia, 24 October 2018: Australia’s largest non-profit startup community, Fishburners, has doubled down on it’s Queensland presence, growing to a 205 desk operation within the two-year old Capital hub in Brisbane’s CBD.
The growth follows a successful two-year partnership with the City of Brisbane and a steady increase in the demand for desks within Fishburners’ Brisbane and Sydney operations. Through the City of Brisbane, Fishburners are in the process of launching two new accelerator programs, including a Launchpad for startups looking to scale to Asia.
Fishburners hosts Australia’s largest startup community – with 383 startups and 728 entrepreneurs across the Sydney, Brisbane and Shanghai working hubs. The successful startup funnel has mentored and grown currently more than 1,800 entrepreneurs and 1,250 startup entities since opening.
Fishburner’s CEO Pandora Shelley said, Fishburners is a community which helps foster and grow startup businesses, offering much more than desk space.
“We’re on a mission to help inspire tech startups to take their first step and to support each stage of their growth journey. This year, Fishburners is itself scaling up, with demand for our services seeing unprecedented growth over the past year,” said Ms Shelley.
“There is enormous entrepreneurial energy coming out of Queensland at this time and the Capital is a vibrant and visionary initiative which has really helped fuel local startup growth. We are thrilled to take our partnership with City of Brisbane to the next level with this expansion.”
Brisbane City Council’s Lord Mayor Graham Quirk said he is excited to watch the growth continue as Brisbane transforms into a national innovative hot spot.
“Brisbane is transforming into a business and innovation hub, with our attractive lifestyle offering, links to overseas markets and great employment opportunities, [we are] luring start-up’s to build a global business in our own backyard,” said Cr Quirk.
Fishburners is a family of entrepreneurs who are committed to collaborating and building something big. Members are supported in their endeavors with perks, probonos, mentoring, events and programs etc.
Community is the foundation for Fishburners and to become a member or “Burner” is a special thing. All members must agree to Fishburners’ values of collaboration, brilliance and community, namely: “We give back whenever we can”. It is a proud, inclusive and discrimination-free space.
Fishburners’ startups create products in a broad range of categories, here are the top 5:
1. B2B (36%)
2. SaaS (29%)
3. iOS app (28%)
4. Android app (23%)
5. Marketing (23%)
Originally located in Ultimo, within four years Fishburners went from one floor to taking up the whole building. A new chapter for Fishburners Sydney, began in 2018 in the new coworking space within the Sydney Startup Hub, which has set a new standard for startup spaces in Australia.
High-profile alumni that were ‘born’ at Fishburners include successful startups such as Koala, GoCatch, graphic design marketplace DesignCrowd, Code Camp, Tinybeans, Madpaws, Jayride and Hyper Anna. Koala, Australia’s highest-rated mattress, raised $15m and generated $14m in revenue in its first year.
All up, Fishburners has provided a community space and startup resources for over 100,000 people with support from category-leading partners including Google for Entrepreneurs, UTS and Optus and government partners such as Jobs for NSW and Brisbane Marketing.
– ENDS –
Fishburners PR Contact:
Don’t let Sugar Spook You (or your kids) this Halloween
5 Halloween Hacks to reduce your child’s sugar intake
The only thing scarier than a haunted house on Halloween, is the the sugar overload from your little trick-or-treater loading up on sweet treats. Add this to the school activities, spooky parties, door knocking, and your child is in for one ghoulishly sugar-laden holiday!
According to the World Health Organisation (WHO), children between the ages of 2-18 should be consuming no more that six teaspoons of added sugar per day. On average, Australian kids are currently having consuming around 18 teaspoons a day – that’s more than three times the recommended intake, and that’s on an normal day!
As a parent, you’ll know Halloween doesn’t just last a day – the hoard of sweet food and beverages are excessively consumed in the following days, weeks and even months. When popular treats such as Skittles and M&Ms each contain 30g of sugar per serve, exceeding the daily recommended sugar intake for children in one hit, the effects of Halloween can cast a dark shadow for quite some time!
Reducing sugar intake doesn’t have to mean less fun, or even saying ‘R.I.P’ to delicious treats. Here’s 5 Halloween Hacks to help us all make smarter choices this holiday:
1. Play With Size: Swap large bags for small
Your child’s capacity to receive treats is dependent on how much they can carry. Minimising space for candy will subsequently prevent them from bringing excessive amounts home, while still achieving a full bag of goodies to show friends and family. Smaller bags can seem underwhelming, especially when compared to the variety of buckets and carry bags out here. Turn this swap into something interactive and personal by creating your own trick-or-treat bags that will instantly boost your child’s imagination in the celebration of all things spooky.
2. Strategically Plan Dinner: Swap an empty stomach for a full one
Trick-or-treating in a deep state of hunger is a HUGE mistake. Be sure to enjoy a fulfilling and nutritious dinner before knocking on doors for dessert. If you can try and incorporate apple cider vinegar into your little one’s dinner as it’s scientifically proven as the key ingredient in dampening those sugar cravings.
3. Look for Naturally Sugar Free alternatives: Swap artificial for natural
Double D’s range of delicious lollies are naturally coloured and flavoured, and most importantly, they’re made with natural stevia instead of sugar, making them perfect for dropping into the cauldrons of trick-or-treaters this Halloween. If it’s sweet potions you’re after, Nexba’s range of sugar-free soft drinks and flavoured waters with nothing artificial, are the perfect replacement for all those sugary soft drink cravings. Flavoured with all-natural colours and flavours, and sweetened with stevia, not even your little magician will spot the switch! With flavours like cola, pineapple, and lemon these are always a hit.
4. Appeal to the inner Entrepreneur: Swap candy for dollars
Unleash your child’s inner business mogul by bartering the sweets for pocket money. Not only will this motivate your child to trick-or-treat to their fullest, the prize at the end is far greater than a pile of chocolates. Buying back can also develop your child’s sense of responsibility and trade! If cash is not the preferred currency of trade, consider offering special events or activities instead such as a visit to the cinema or the local zoo.
5. What Candy?: Swap candy for toys
If you’re looking to go that extra mile and stay away from sweet treats altogether, replacing candy with fun toys like glow sticks and bubble blowers that will ensure that your children won’t fly off the (broom) handle. Not only will this reduce the sugar composition in the trick-or-treat bags, it’s also a great source of variety!
NEW First-of-its-kind Probiotic Water:
Australian gut health innovation that actually reaches your gut
5 Things You NEED to Know about Nexba Probiotix:
1. A probiotic water that survives the journey to your gut so you can reap the full health benefits
2. Supports a stronger immune system and better digestion
3. Naturally Sugar Free (No sugar, nothing artificial), lactose free, GMO free, BPA free and vegan friendly
4. Made with over a billion probiotics
5. Available at Chemist Warehouse
A Closer Look
Australia’s leading Naturally Sugar Free brand, Nexba, is launching a range of probiotic waters to deliver the very best in gut health but with no hidden nasties – added sugar, artificial sweeteners, flavours, colours or preservatives – the whole shebang.
Nexba probiotic water drink uses a unique strain of smart & robust probiotic specifically designed to survive the treacherous pH conditions of your stomach and actually reach the gut, so you can enjoy all its nourishing benefits and maintain a healthy balance of good bacteria. Probiotics have been proven to boost immunity, lower cholesterol and reduce symptoms of eczema.
Evidence shows the most common form of probiotic on the market, Lactobacillus, is destroyed by gastric acid before it has a chance to germinate and restore your gut bacteria to optimal levels. Nexba Probiotix enjoys a probiotic that is encased in a protective outer shell which enables it to reach where it’s needed to make a visible health difference. These babies are invincible.
The gut is closely connected to the brain – surprising, we know – and studies have shown that an imbalance of bacteria is associated with Parkinson’s disease, Alzheimer’s disease and even schizophrenia. Bad bacteria in the gut also produces the chemical responsible for weak blood vessels in your brain, which can cause strokes and seizures, a condition affecting every 1 in 100 people today. In fact, 80% of your immune system is located in the digestive tract! Probiotics are so integral to the delicate balancing act of maintaining gut health because each of the 1000 species of bacteria play an integral role in your overall well-being. Your body is made up of around 40 trillion bacterial cells and only 30 trillion of human cells – so don’t ignore your gut health!
As with all Nexba products the Probiotic Water range features Nexba’s proprietary Natural Sweetener blend of erythritol – epic tasting natural sugar produced by fermentation of fruits and vegetables – and stevia. This is combined with purified water, natural flavours and A LOT of the star of the show, the probiotic Bacillus Coagulans – billions to be exact – to deliver the ultimate probiotic water.
The Nexba Probiotix range will be available in Mango, Citrus and Watermelon & Strawberry flavours.
Let the good times be gin… Nexba launches Naturally Sugar Free
tonic water range. No Sugar, Nothing Artificial.
5 Things You Need to Know
1) No ‘Diet’ smokescreen here – Nexba is ‘Naturally Sugar Free’ i.e.100% sugar AND artificial free.
2) The average 330ml tonic = 30g or 7.5tsp of sugar. FYI 330ml Coke has 36g or 9tsp of sugar.
3) Nexba has less that 9 calories per bottle. Most other tonic water have 80-90 calories per bottle.
4) Comes in 3 ‘I’m winning at life’ flavours: Classic, Lime/Cucumber/Mint, Cranberry/Hibiscus.
5) Available at Coles nationwide.
Why should I care?
We all know that your mixer makes up approximately ¾ of your drink so yes we should care! When we say ‘natural’, we mean no artificial flavours, colours or preservatives and certainly no GMO ingredients. Did you know that the average 330ml tonic water contains 30g or 7.5tsp of sugar!? But with 0g sugar, less than 9 calories per bottle, only natural ingredients and the perfect tangy bitterness of a premium tonic water, you can now finally enjoy a kickass cocktail (or mocktail) without being shaken or stirred by sugar content.
Exclusive Colab with The Margarita Mum
We teamed up with The Margarita Mum (@the_margarita_mum – 46K Insta followers) to create an exclusive mocktail recipe so when life gives you grapefruits make a NANS Grapefruit Tipple! NANS = Nothing artificial, no sugar. The Margarita Mum a.k.a ‘Rhonda Rita’ is not your typical mixologist, she is a full-time working mum who joined the worldwide phenomenon of home cocktail enthusiasts known as ‘Drinkstagrammers’. Rhonda has paired our tonics with the best natural ingredients to help you get ready to cheers your way – guilt-free – into spring!
But how do you do it?
I know what you’re thinking, how do we manage all this and still keep it sugar free? All our tonic waters are naturally sweetened with Nexba’s proprietary natural sweetener blend, which contains Erythitol and Stevia leaf extract and a bit of magic. Erythritol is 100% natural and super low-calorie food. Unlike artiﬁcial sweeteners, which are man-made and synthetic, Erythritol appears naturally in foods such as pears, melons, grapes and mushrooms. We combine this with dried stevia leaves which are steeped in hot water to extract glycosides: the sweet-tasting parts of the leaf.
A little note from the brains behind the beauty…
‘We’re so excited about the launch of our new naturally sugar free tonic waters, this product has been a long time in the making and we are proud to provide our customers with a guilt-free answer to everyone’s favourite cocktails and summer beverages’– Drew Bilbe, Nexba Co-Founder. Available for interview.
“I am blow away by the new range of Nexba Naturally Sugar Free tonics. They are absolutely delicious and don’t have the artificial taste that you find with some sugar free sodas. I am so excited to have found a guilt free Tonic that is just perfect for creating mocktails and of course, mixing up a refreshing G&T. Salud!” – The Margarita Mum, @the_margarita_mum. Available for interview.
NEXBA. Naturally Sugar Free. No Sugar. Nothing Artificial.
How much Australian startup founders earn and pay employees
Data from more than 2500 individuals compiled for groundbreaking study
· Big differences in roles hired by B2B vs B2C
· Early stage startups may overlook key personnel
· Capital raised impacts ability to hire
Who earns the most? Who earns the least? Who has the most equity? How can Australian tech startups compete with Silicon Valley for employees?
SYDNEY, OCTOBER 2, 2018 – Startup roles and salaries vary widely, depending on the stage the business is at, according to new research into Australian tech startups. The amount of capital raised has a major impact on the kinds of roles hired, as well as the packages offered.
The Australian Startup Salary Guide 2018 is the first comprehensive tech startup salary guide in Australia, conducted by executive search firm Think & Grow, in partnership with StartupAUS.
In July 2018, remuneration packages of more than 2500 individuals were analysed to compile the guide. The data was provided by more than 350 respondents in an online survey and from 47 venture capital-backed companies that shared company-wide compensation data for their business.
The VCs include Airtree Ventures, Blackbird Ventures, Blacksheep Capital, Carthona Capital, Full Circle, Reinventure, Rampersand and Square Peg Capital. All participants provided data which included base salary, benefits and incentives such as equity as well as the size of their company, funding and job title. Startups at three different levels of capital raising were researched: $0-$5 million; $5-$10 million and $10-$50 million.
Understanding how candidates think about their package is an important first step for startups in building strong and lasting relationships with new employees and ensuring they secure the top talent, according to the report.
“We can clearly see how companies undergo restructuring and expansion in terms of management roles as they raise higher amounts of capital. In a sector where many of the jobs are less than a decade old, a continued understanding and breakdown of salary benchmarks is key to the sector’s success,” Anthony Sochan, Think & Grow partner, said.
Only base salary; excludes equity, company valuation
· Founder/co-founder: lowest paid was $35,000; highest was $290,000
· CEO: lowest paid was $40,000; highest was $320,000
· Engineering chiefs earn between $60,000 and $300,000
· Data scientists are paid around $110,000
· Chief People Officer role starts at $120,000
· Heads of Design earn up to $260,000
· Chief Product Officers make between $60,000 and $275,000
· Marketing chiefs are paid up to $260,000
B2B vs B2C
· There are significant differences between B2B and B2C firms in terms of the kinds of roles being hired for
· B2B firms are much more likely to be hiring senior engineers than B2C startups
· Very few B2C firms hire product managers in the early stages, but this changes as they grow and mature
HR/People & Culture
· There are currently very few people in HR roles in early stage startups in Australia
· There is an increase in HR professionals as capital revenue raised increases, likely resulting in more employees and/or more aggressive hiring
Australia is not yet a primary tech market, compared with the US and some other countries. As a result, Australian tech startups face significant challenges when competing for international talent, and will have to think more creatively about ways to attract talent.
“This report does away with the stereotype that working for a startup is a risky adventure fuelled by hope and instant noodles. Actually, start-ups – particularly funded startups – can provide secure, competitive salaries along with the prospect of owning equity in a high-potential business,” StartupAus CEO Alex McCauley said.
“Whilst Australian startups may not yet be able to emulate the salary packages on offer in more mature ecosystem such as Silicon Valley, there are other ways they can compete. We have a fresh and energetic community where talent can really stand out and have powerful impact. We are also a fantastic gateway to Asia and have many non-monetary advantages such as great lifestyle, family friendly cities and considerably more generous vacation time than the US.
“In the medium term, Australia can import talent from overseas, however longer term we need to grow talent locally, partnering with universities to do this. As a nation we need to take a longer term view as to how we are creating and mentoring the next generation of tech talent to create a high performing ecosystem,” Mr McCauley said.
Download the full report at https://thinkandgrowinc.com/resourcelibrary/.
About Think and Grow
Think & Grow launched in 2015 with a charter to help technology driven businesses to accelerate growth. Think & Grow help build clients’ organisational structures, build their executive teams, recruit rare skillsets, nurture specific talent pools and architect talent strategies. Its clients range from up and coming startups to established names like Canva and Airtasker.
StartupAUS is Australia’s national startup advocacy group, working to support the tech community and accelerate the growth of Australian startups. StartupAUS believes a strong, home-grown tech is vital to future Australian jobs and wealth. But getting there will require a national imperative to create the right environment, with a supportive culture and more entrepreneurs with the right skills.
Kicker Communications for Think & Grow
Fran Foo | Susi Banks
0416 302 719 | 0412 378 489
Launch Group for StartupAUS
Fleur Brown | Sophie Hanson
02 9492 1000 | 0419 270 863
Let’s get Fizzical:
Nexba’s New Naturally Sugar Free Sparkling Water
Somebody call Mother Teresa. Here at Nexba we have just launched a brand spanking new natural sparkling water range made with no sugar, artificial sweeteners or indeed any other artificial nasties. To us ‘natural’ means no artificial flavours, colours or preservatives and certainly no GMO ingredients.
As the Aussie pioneers of the Naturally Sugar Free ethos, we heard about our nation’s love to sparkle, and we’re not just talking about your highlighter, so we bumped our brains together and created this new range. Flavoured sparkling water is set to be one of the biggest trends of 2018, so prepare to say ‘cheers’ to all things that sparkle because fizz the season!
The team has spent years innovating to create naturally sweet and full flavoured drinks without compromising on the taste you love. Resident flavouroloigst – Mr Smith – brings the new sparkling water range to you with on-the-money natural fruit flavours: Coconut & Mango; Lemon & lime; Strawberry & Raspberry and Watermelon, Cucumber & Mint.
The Facts About Fizz
But it’s not just about taste, it’s about looking after number one. Did you know Australian’s consume the weight of over 1.9million kangaroo’s worth of sugary drinks every year? That the 6th highest cause of death in Australia is Diabetes? That kids aged 18-24 who drink 2 cans of fizzy drinks a day gain 12kg a year? That consuming 340ml of sugary drink a day (less than one can) increases your risk of type 2 diabetes by 22% when compared to drinking one can a month or less? It’s statistics like these that quite frankly p*** us off hence why we are so passionate about serving our fellow Aussies with quality naturally sugar free products to show your body some love.
So, if we aren’t using sugar how does it taste so damn good I hear you say? Gear up for the geeky bit… All our sparkling waters contain purified sparkling water naturally sweetened with Erythitol and Stevia leaf extract. Erythritol is 100% natural and a zero-calorie food. Unlike artiﬁcial sweeteners, which are man-made synthetic chemical compounds formulated in a lab, Erythritol appears naturally in fruits such as pears, melons and grapes, as well as foods such as mushrooms and fermentation-derived foods such as wine, soy sauce and cheese. We combine this with dried stevia leaves which are steeped in hot water to extract glycosides: the sweet-tasting parts of the leaf. Simple but delicious.
The sparkling water range is currently available at Woolworths nationwide. All other Nexba products can be found at both Coles and Woolworths as well as a range of other retail outlets. See www.nexba.com for more details.
NEXBA. Naturally Sugar Free. No Sugar. Nothing Artificial.
Have we sparkled your interest? See what we did there? If so, have a yarn with us: