Small businesses in Australia have a lot to look forward to in the new year, as new technologies promise to boost their productivity, efficiency and profitability. From cloud computing to artificial intelligence, from e-commerce to social media, these technologies are transforming the way small businesses operate and compete in the global market.
Australia is a hotbed of innovation, with many amazing inventions and initiatives that are making the world a better place. Here are some of the best innovations in Australia in 2023:
Namecorp:
Namecorp.com.au has developed a range of services and solutions to help Australians register, manage, and grow their new or existing businesses. Fully equipped to make their start up journey a seamless one, Namecorp’s newly developed online government integrated platforms allow Australians to get their business quickly registered and deliver all the tools they’ll need to set-up, launch, manage and market their business to the world.
Hnry:
A fintech platform that helps self-employed contractors, freelancers and gig workers manage their taxes by paying the ATO on their behalf. Hnry won the Finder Innovation Award for Best B2B Innovation for the second year in a row. [1]
RelayPay:
A digital currency payment platform that lets users buy, sell and spend crypto, as well as exchange crypto for gift cards that can be redeemed at over 100 brands. RelayPay also became the first in Australia to be licensed to process AUD transfers from the sale of crypto. RelayPay won the Finder Innovation Award for Best Banking and Payments Innovation. [2]
Coinbase BASE:
An Ethereum Layer 2 network that allows users to build decentralised apps onchain. BASE was incubated within Coinbase and offers cost-effective transactions. It has already seen Australian projects deployed on it, such as Blossom, a micro-investing app. Coinbase BASE won the Finder Innovation Award for Best Innovation in Digital Currencies & Web3. [3]
Flip Insurance:
Australia's first on-demand accidental injury cover, which aims to fill the gap between Medicare and private health insurance. Flip Insurance recently made cover available to anyone in Australia, including international students, and launched Flip Kids, which covers children between 5 and 17 years old. Flip Insurance won the Finder Innovation Award for Best Insurance Innovation. [4]
Blossom:
A micro-investing app that lets users invest in ethical and sustainable portfolios with as little as $5. Blossom partnered with Humanforce Thrive, an app that helps employees manage their work-life balance, to allow users to fund their Blossom account with a fixed percentage of their pay each pay cycle. Blossom won the Finder Innovation Award for Best Investment Innovation. [5]
These are just some of the examples of how Australian businesses and people are changing the game in 2023. For more information, check out these sources:
[1] https://www.finder.com.au/finder-awards/innovation
[2] https://www.finder.com.au/finder-awards/innovation
[3] https://time.com/collection/best-inventions-2023/
