x15ventures, Toby Norton-Smith
Accelerator

CBA’s VC accelerator is looking to back net-zero startups

- July 17, 2023 2 MIN READ

The Commonwealth Bank’s venture-scaling  arm, x15ventures, is on the hunt for startups focused on net-zero carbon emissions for its 2023 cohort. Applications opened today, July 17, for x15’s annual Xccelerate program, which develops early-stage startups develop their ideas for corporate partnership. This year’s Xccelerate investment thesis is “helping advance Australia’s transition to net  zero” and… Read more »

Fintech

CBA teams up with TAFE and Queensland unis to launch Brisbane tech hub

- December 6, 2022 2 MIN READ

The Commonwealth Bank has launched its third technology hub around Australia this year, teaming up with Queensland educators to set up shop in Brisbane’s CBD. CBA has partnered with The University of Queensland (UQ), Queensland University of Technology (QUT) and TAFE Queensland, to offer students and graduates the chance to join CBA’s Tech Associates and… Read more »

Fintech

The Commonwealth Bank’s US$300 million investment in BNPL Klarna has turned from golden egg to millstone

- November 1, 2022 2 MIN READ

Commonwealth Bank-backed fintech Klarna’s Australian foray is starting to look like a disaster for the Swedish buy now pay later startup. Banking Day reports that just two years after its launch, an EY audit of Klarna Australia’s CY2021 performance reveals a net loss of $56 million, with revenue falling 71% on its first year of… Read more »

Fintech

Fintech Paytron scores $250,000 from CBA’s x15ventures

- September 30, 2022 2 MIN READ

Sydney fintech Paytron has won the Xccelerate 2022 run by the Commonwealth Bank’s x15ventures, landing a $250,000 SAFE note. Paytron, a full-suite workflows and spend management platform, was chosen from four finalists focus on payments, including Cape, Persollo and YouPay, pitching to the investment committee last night. The deal with x15ventures gives the fintech access… Read more »

x15ventures, Toby Norton-Smith
Accelerator

CBA’s VC arm, x15ventures, is looking for payments startups to back in its revamped Xccelerate program

- August 2, 2022 2 MIN READ

The Commonwealth Bank’s venture-scaling arm, x15ventures, has revamped its accelerator program, Xccelerate, and is now on the hunt for five early-stage fintech startups to back.  While the three previous iterations of Xccelerate have seen x15ventures choose an winner ultimate winner to back – givvable and OwnHome in 2020, and Splashup last year – this time… Read more »

Simone Joyce
Fintech

CBA takes minority stake in business payments fintech Paypa Plane ahead of PayTo roll out

- February 7, 2022 2 MIN READ

The Commonwealth Bank has taken a 20% stake in Brisbane fintech startup Paypa Plane for an undisclosed sum. Founded in 2018 by Simone Joyce and Jonathan Grant, Paypa Plane is a digital payments provider, building a bank-grade platform where traditional scheduled payments and payment initiation via the New Payments Platform (NPP) and PayTo, which is… Read more »

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
Business

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 »