Elliott Donazzan
Fintech

CBA’s X15ventures chips an extra $700,000 into on-time payments fintech Payble

- November 16, 2021 2 MIN READ

x15ventures, the Commonwealth Bank’s venture scaling arm, has tipped an additional $700,000 into its joint venture fintech Payble. The startup is a subsidiary of ASX-listed Sydney fintech Identitii (ASX: ID8), which uses blockchain and tokenisation to connect banks and businesses with the data for payments, in a joint venture with x15. Payble co-founder and MD… Read more »

Toby Norton-Smith, Helen Hey
ecommerce

CBA’s x15ventures launches a cheesy idea for Millennials to personalise their online shopping with cashback rewards

- November 16, 2021 2 MIN READ

The Commonwealth Bank venture-scaling entity, x15ventures, has launched a new venture targeting Gen Z and Millennials with a brand and deal discovery shopping app that offers cashback rewards Cheddar uses artificial intelligence (AI) to help customers discover personalised brands, authentic content and deals, alongside a rewards program, serving up bite-sized content in the style of… Read more »

Sri Ambati
Fintech

CBA’s $132 million play with California artificial intelligence leader H20 to make the bank ‘an AI superpower’

- November 8, 2021 2 MIN READ

Australia’s biggest bank, the Commonwealth (CBA) has made a major play in artificial intelligence, investing $134 million (US$100m) in California AI market leader H2O.ai, for a minority stake. The bank is hoping the exclusive partnership with the Silicon Valley machine learning platform will help make Australia a leading force in AI. H2O is CBA’s exclusive… Read more »

Cryptocurrency

CBA opens up the CommBank app to cryptocurrencies

- November 3, 2021 3 MIN READ

The Commonwealth Bank is embracing cryptocurrencies, and will allow CommBank app customers to buy, sell and hold crypto assets. In the a game-changing move for the sector by the country’s biggest bank will see it partnered with crypto exchange Gemini – founded by the Winklevoss twins of Facebook fame – and blockchain analysis firm, Chainalysis.… Read more »

Ben Gleisner
News & Analysis

Emissions tracking startup CoGo teams up with CBA so bank customers can measure their carbon footprint

- October 5, 2021 2 MIN READ

Carbon footprint tracking startup CoGo has partnered with the Commonwealth Bank (CBA) to help CBA customers track the carbon footprint generated by their spending.  The feature will initially involve a trial of CommBank app customers able to view their carbon footprint and offset the previous month’s transactions by buying carbon credits. Following testing and further… Read more »

different
News & Analysis

CBA’s VC fund x15ventures backs property management startup :Different

- September 21, 2021 2 MIN READ

The Commonwealth Bank’s venture-scaling arm, x15ventures, has added a new proptech startup to its investment portfolio, taking a stake in the Antler-backed property management company :Different. Co-founded in 2017 by Silicon Valley entrepreneurs Mina Radhakrishnan and her husband Ruwin Perera, whose CVs include Google, Uber and other tech giants, :Different digitises a large slab of property… Read more »

Nathalie Rafeh, Vivek Bharadwaj
Accelerator

AI-based ecommerce startup Splashup has scored $150,000 in backing from CBA’s x15ventures

- August 13, 2021 3 MIN READ

Splashup, an ecommerce startup hoping to simplify online shopping and the comparison experience to find what customers want, has won the pitch competition by the Commonwealth Bank’s venture-scaling entity, x15ventures. Splashup co-founders Nathalie Rafeh and Vivek Bharadwaj will receive a $150,000 SAFE note as the winners of the Xccelerate21 program. Now in its third run,… Read more »

Accelerator

Here are the 5 startups the Commonwealth Bank’s venture-scaling arm, x15ventures, chose for its next pitch day

- August 6, 2021 2 MIN READ

CBA’s venture-scaling arm,  x15ventures, has singled out 5 startups to present for investment at its upcoming Pitch Day. The VC accelerator had more than 60 entrepreneurs apply for its Xccelerate21 program, which this year is looking for ideas around how retail customers shop, pay and are rewarded. Ten companies were chosen for this week’s initial… Read more »