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How Afterpay and Whispir led tech out of the wilderness

How Afterpay and Whispir led tech out of the wilderness

Australian tech companies have had a breakout year despite, or perhaps because of, the toughest economic conditions in decades. Adapting to the in disruption is key.

Paul Bassat says the tech sector has come a long way in eight years. Wayne Taylor

Yolanda RedrupRich List Editor

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apital raisings totalling more than $500 million during the pandemic, the share prices of companies like Afterpay and Whispir soaring 170 per cent and the growth of a second cycle of investment, with tech entrepreneurs investing their wealth into new start-ups, tell the story of how Australia's technology sector transformed what had been written off by many industry sectors as an annus horribilis into a stellar one.

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Yolanda Redrup
Yolanda RedrupRich List EditorYolanda Redrup is the editor of the AFR Rich List. She previously reported on technology, healthcare and Street Talk. Connect with Yolanda on Twitter. Email Yolanda at yolanda.redrup@afr.com

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Original URL: https://www.afr.com/link/follow-20180101-p55r9g