#AustralianBusiness

Australian Crypto And Blockchain Startups Struggle With 14% Drop: Report

by
Australian Crypto And Blockchain Startups Struggle With 14% Drop: Report

Australia’s fintech sector has seen a 7% decline in independent, active firms for the second year in a row, according to the 2023-2024 KPMG Fintech Landscape report. In 2024, there was a 14% drop in the number of new blockchain and cryptocurrency startups, with only 126 successful launches. This downturn was linked to growing regulatory … Read more

ACCC Approves AU$8.8 Billion Chemist Warehouse-Sigma Merger

by
ACCC Approves AU.8 Billion Chemist Warehouse-Sigma Merger

Australia’s consumer watchdog has greenlighted a landmark merger between discount pharmacy retailer Chemist Warehouse and Sigma Healthcare, paving the way for the creation of an AU$8.8 billion pharmaceutical giant. The new venture is expected to add new dimensions to Australia’s healthcare landscape. The consolidation, finalized in December, will combine approximately 1,000 retail stores and 16 … Read more