Business

Westpac invests $10 million in Lawpath to offer customers legal services

- February 5, 2025 2 MIN READ

Westpac hit the EFT button on $10 million for the online legal services scaleup Lawpath, and plans to entice business customers by offering them subscriptions to the legal compliance platform. The bank’s acting business and wealth boss Peter Herbert, said the exclusive partnership will give startups and small-to-medium sized businesses access to affordable legal services,… Read more »

Lee Hatton, Afterpay
Fintech

Afterpay gets into banking with Westpac, launching a savings app linked to your BNPL account

- July 20, 2021 2 MIN READ

Buy-now-pay-later market leader Afterpay (ASX: APT) is getting into ibanking, launching an app-based no fee deposit account paying 1% interest. The ASX-listed fintech has been granted an Australian Financial Services Licence (AFSL) by ASIC so it can provide general financial product advice and distribute basic deposit products and debit cards. Called Money by Afterpay, the… Read more »

Cryptocurrency

Reinventure’s bet on Coinbase returns $546 million, boosting Westpac’s bottom line by $288m

- April 28, 2021 2 MIN READ

January 2015 was an interesting time for bitcoin and Westpac’s fintech venture capital fund, Reinventure. Simon Cant and Danny Gilligan, co-founded the VC with Westpac the year before. Bitcoin kicked off the year at around US$300, before crashing to $170 within a fortnight. The cryptocurrency would climb to $465 before the year was out and… Read more »

small business, payment
Business

Black Friday just beat Boxing Day as Australia’s biggest retail sales event

- December 10, 2020 2 MIN READ

The rapid rise of online shopping and ecommerce has flipped consumer behaviour from the era when shoppers crammed into retail stores on Boxing Day sale with the recent Black Friday promotion beating December 26 as Australia’s most popular time to shop according to new data from Westpac.  Westpac merchant facilities processed a record 68 million… Read more »

Topic

Banks are upping their support for business to prevent commercial property evictions during the COVID-19 downturn

- March 30, 2020 3 MIN READ

Australian banks are expanding their program of six-month loan deferrals to larger companies, offering relief on up to $250 billion in business borrowing. The major banks are backing the Australian Banking Association’s (ABA) extended Business Support Package to 98% of all businesses with a loan from an Australian bank, increasing the existing $3 million small… Read more »

Topic

Westpac has another $50,000 up for grabs in its innovation challenge

- August 23, 2019 < 1 MIN READ

Westpac has launched its sixth annual Innovation Challenge, offering startups, scale-ups and entrepreneurs the chance to win $50,000 and professional support to grow their business. The Challenge seeks data solutions solviong a business problems in five different sectors: micro business, energy, insurance, aged care or government. The latest challenge comes head of the phased introduction… Read more »