Business news

    ASX200 green; Jayride skyrockets 47%; Canva valued at US$15bn

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    Highlights
    • ASX200 is 0.37% higher at 6911.7 around 2pm AET.
    • Jayride soars on 127% increase in passenger bookings last month.
    • Canva valued at US$15bn & founders among 10 wealthiest Aussies.

    The tech sector is trading in the green today as EML Payments rallies more than 5% after announcing its acquisition of Sentenial and its wholly owned subsidiaries including open banking product Nuapay.

    The Australian market has pulled back from a morning surge to trade 0.37% higher at 6911.7 as the gold miners boost the key index.

    Bitcoin has lost 1.28% in the last 24-hours to trade at US$57,929.18 at 2pm AET.

    Sydney-based travel comparison marketplace Jayride is rallying 47% today after sharing news of a 69% increase in Q3 bookings compared to a year earlier, and a 127% increase in passenger trips booked between February and March this year, signalling a rebound in travel post pandemic.

    Canva co-founders Melanie Perkins and Cliff Obrecht are among the 10 wealthiest Australians after their graphic design software Canva hit a valuation of US$15bn following a recent US$71m fundraising round. Canva also announced a 130% YoY increase in annualised revenue to more than $500m.

    And Qantas is the latest airline to feel the benefits of the NZ travel bubble announcement yesterday as the flying kangaroo surges in today?s session.

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