Up 550pc: Young rich lister's childcare app has a growth spurt

"It has been a very, very busy and hectic ride," Xplor's founder and chief executive Mark Woodland told Fairfax Media.

"We went to the market about May to raise our Series B funding round and pretty much within that month we closed it out. We will use that money to launch globally into the UK and US off the back of the massive customer growth here." The funding round was led by OMKA Group with further investment from AirTree Ventures which also invested $6 million in Xplor in an earlier funding round.

Xplor's app uses iBeacon technology to enable parents to automatically sign their children in and out of a childcare centre or school through bluetooth-enabled smartphones, and at school children can be tracked when they head to extra-curricular activities like counselling or music lessons. Read more