Westpac flags more fintech deals after SocietyOne tie-up
Westpac will share its banking licence with lender SocietyOne, its second fintech partnership in five months after Afterpay, and a senior executive expects more such deals this year.
Investor · 1 deal
Every published round Consolidated Press Holdings took part in, and every parcel of existing shares it bought off another holder. Deals we hold but haven't published yet are not counted.
| Company | Stage | Announced | Amount | Role | Alongside | Sources |
|---|---|---|---|---|---|---|
| SocietyOne | Unnamed stage | 11 Feb 2020 | $15m | Participant | Techboard, SmartCompany, Startup Daily, Australian FinTech |
Companies Consolidated Press Holdings has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| SocietyOne | 11 Feb 2020 | 1 | 0 |
Fund closes reported for Consolidated Press Holdings, as distinct from the investments it has made.
Companies Consolidated Press Holdings has backed that another company then bought. An exit for the holding, not a deal Consolidated Press Holdings did.
Stories naming Consolidated Press Holdings. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Westpac will share its banking licence with lender SocietyOne, its second fintech partnership in five months after Afterpay, and a senior executive expects more such deals this year.
Lending fintech SocietyOne joins Westpac's 10X digital banking platform, following Afterpay, giving its customers transaction accounts from late 2021. Westpac has backed SocietyOne since 2014 via Reinventure, alongside other Australian backers.
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