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 »
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 »
The Commonwealth Bank’s venture-scaling arm, x15ventures, has selected four payments startups as the finalists for its Xccelerate22 program. The four – Paytron, YouPay, Cape and Persollo – were chosen from 16 fintechs chosen to take part in the Xccelerate Community Day a fortnight ago, going on to take part in a a deep-dive session known as the Pathway to… Read more »
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 »
The Commonwealth Bank is expanding its children’s banking products with a new digital app as part of a wider digital strategy announced by CEO Matt Comyn. The range of initiatives the bank launched include a new low interest digital home loan at 2.14% for owner-occupiers. It’s also adding the CommSec share trading app to the… Read more »
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 »
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 »
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 »
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 »
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