Dovetail, Propeller Aero, SafetyCulture enjoy unexpected USD boon

A clutch of Australian start-ups are navigating the technology market downturn with the aid of an unexpected tailwind: a surging US dollar.

Propeller’s head of finance, Daniel White, said the company was getting a 12 per cent benefit compared to currency transfers it made in February. “It’s a pretty good outcome,” Mr White said., echoed his view. “It’s always nice charging in USD and paying majority salaries in AUD,” Mr Humphrey said. “So it actually works better for the Australian founders, because they they tend to get more dollars,” Ms Warren said.said his firm was examining how its product development strategy could be tweaked to allow the company to enter the US and British markets.

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