Xref Reports Record High Quarterly Results, Record Credit Usage

The HR and recruitment tech company announced AU$3.53 million in cash receipts and record credit usage of AU$2.24 million for the quarter.

Xref (ASX:XF1), a global technology company that checks references and provides candidate insights, announced record quarterly results, driven by client adoption, accelerated cash receipts and credit usage.

During the quarter, Xref partnered with new clients such as the Ministry of Social Development, Schneider Electric (EPA:SU) and Tourism Australia.

As quoted in the press release:

“We have seen the company grow and evolve in all aspects – with team growth, direct sales growth, platform expansion and indirect revenue generation, through partnerships and acquisition.”

“Given the power and security of the Xref platform, the company was able to demonstrate its ability and capacity to meet Texas A&M University’s strict technical and compliance requirements.”

Click here to read the full press release.

Australia's Cannabis Export Market: Facts to Know

The legalisation of medicinal cannabis in Australia, along with the decriminalisation of cannabis in the Australian Capital Territory, is creating opportunities for the export market.

But what types of cannabis products are being exported from Australia and where are they going?

Read on for a look at Australia's cannabis export market, including how it started up, where the country sends its cannabis products and what could be next as the nation's marijuana space develops.

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ASX Rare Earths Stocks

Rare earths are a group of commodities that Australia has done well to corner the market on, not because of a monopoly on resources (indeed Australia only accounts for 3 percent of global reserves), but because it was ahead of the curve when it comes to investment.

The story of rare earths in Australia — the modern success story at least — has its roots in a 2010 trade dispute between Japan and China, when China throttled exports of rare earths to Japan as retribution for a fisheries clash.

Long story short, Japan found itself looking to diversify its rare earths import partners. Up until then it had been beholden to the whims of its larger neighbour, which at the time accounted for over 93 percent of rare earths output.

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Australia’s 5 Most Valuable Mineral Exports

Australia’s economy is largely based on its natural resources, with the minerals sector making the greatest contribution to the nation’s exports.

Four of Australia’s states and territories rank in the top 20 mining jurisdictions in the world, according to the Fraser Institute’s latest annual survey of mining companies: Western Australia (fourth), Southern Australia (seventh), Queensland (16th) and the Northern Territory (19th).

These mining jurisdictions demonstrate a high level of investment attractiveness mainly due to their mineral-rich geology, solid infrastructure, stellar economic environment and government support for the resources industry at both the federal and state level.

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Australian Cannabis Producers Could Play a Major Role Internationally

Australia's domestic medical cannabis market continues to gradually open, but is it big enough to sustain the country's plethora of producers?

As the industry gets more crowded, cannabis companies are looking at business options both at home and internationally as a way to increase their reach.

With ongoing questions surrounding the legalisation of cannabis for recreational purposes, Australia's advantageous placement may allow these firms to benefit from plays further afield.

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Bitcoin Investing in Australia

Bitcoin is experiencing hype as its price continues to ride high, and Aussie investors are looking closer at ways to invest in cryptocurrencies.

Debuting in 2010 at a cost of just a cent, bitcoin has since taken off, reaching a record-breaking value of more than US$63,000 this past April, equivalent to over AU$81,000.

The market is gaining steam, and research from Finder shows that one in four Australians are currently investing in cryptocurrencies, with 13 percent putting money in bitcoin. Almost half of the cryptocurrency investors surveyed by Finder said they purchased digital coins due to their skyrocketing value.

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ATCO Australia Pivots to the Cloud with OpenText

Australian energy company modernizes work for improved continuity and cost savings

OpenText ™ (NASDAQ: OTEX), (TSX: OTEX), today announced ATCO Australia has moved their information management solutions to the OpenText™ Cloud to modernize work for improved flexibility and cost savings.

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Esports Investing in Australia

The gaming and esports sector is growing in Australia, particularly after coronavirus lockdowns left many people spending increased time at home during 2020.

Esports competitions bring both individuals and teams together to play video games. Amateur players were the first competitors, but now the space is full of professional gamers who play for prize money.

The esports phenomenon has taken the world by storm, and the land down under is no different. With many tech-focused investors wondering how they can cash in, here's a look at esports investing in Australia.

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Fintech Investing in Australia

Australia is one of the most dynamic areas for fintech, with over 800 fintech companies currently scattered around the nation's states and territories.

Fintech, or financial technology, is set to be the future of the financial services industry, and in Australia the market had an estimated worth of AU$4 billion in 2020, up from AU$250 million five years earlier. As a global fintech leader, many of the country's top players have expanded beyond its borders or plan to do so.

What else should investors know about the burgeoning Australian fintech space? Read on for a look at what this tech arena looks like right now and what could be next.

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5 Australian Esports Stocks

With major esports tournaments garnering sponsorships from multinational companies, including Disney (NYSE:DIS), Intel (NASDAQ:INTC) and Coca-Cola (NYSE:KO), the esports market and gaming industry continue to gain traction worldwide.

Esports Earnings notes that prize money worth over US$955 million has been won within the esports industry over two decades, based on available public records. The largest prize pool was worth over US$34.33 million and was related to a Dota 2 competition in 2019.

Overwatch League, the largest esports league, has an impressive US$4.25 million in its prize pool for 2021, according to Esports Insider. Overwatch League is Activision Blizzard’s (NASDAQ:ATVI) official esports league for its hit first-person shooter game Overwatch.

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Cleantech Investing in Australia

Climate change is a looming issue for Australians, with 82 percent concerned about bushfires and 81 percent worried that drought or flooding will affect crop production and food supply.

This is where conscious investors look to the cleantech sector, which covers everything from renewable energy to low-emission technologies to water technology to battery storage and more.

What should investors know about cleantech in Australia before they jump in? Read on for a look at key factors, including market size, the industries encompassed by cleantech and big players to watch.

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5 Big Australian Buy Now, Pay Later Stocks

Since Afterpay’s (ASX:APT) Australian launch in 2015, buy now, pay later (BNPL) fever has taken over in the country, and investors are looking for the next big opportunity,

Sometimes cheekily referred to as “buy now, profit later” stocks, BNPL companies often see their share prices go through the roof after making their debut in the public markets.

The appeal of BNPL services is that shoppers can use payment plans to buy items, but still receive their purchases right away. BNPL agreements can be used for both low- and high-priced items.

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