Announcing our $3.5m Seed Raise

We are excited to announce our $3.5 million Seed round led by Carthona Capital with participation from Macdoch, AfterWork, Archangel, Resolution VC and strategic angels. Our investors have a wealth of knowledge in financial services, and will support our mission to democratise access to financial products for SMEs and startups across Australia.  

We were lucky to partner with investors who understand the pain point that we are solving. They have seen their portfolio companies forced into banking relationships with big banks that offer subpar services and retain the lion’s share of the interest generated from deposited cash. Together, we believe that startups and SMEs deserve better. 

With our platform, SMEs and startups can now better manage their cash balances in real-time across assets, currencies and geographies in a single platform. But you can also get access to fixed-income products that were once only available to big corporations, through our reputable partners like Morgan Stanley, Macquarie Bank, and Goldman Sachs. 

Many of our customers have benefited from the power of a platform. In just six months of our Beta launch, we generated nearly $1.5 million in yield for our 30 clients. We are excited to scale this impact as we grow, so our customers can turn treasury management from a cost centre to a revenue generator.