Startup · $54m raised
Sydney, NSW
Every investor coverage indicates participated in a round Waddle raised.
| Investor | Rounds | Invested |
|---|---|---|
| Allectus Capital | Series A | - |
The transaction that ended Waddle's run as a startup, per published coverage. It closes the funding history too, where it is the ladder's last rung.
| Bought by | Kind | Announced | Price | Sources |
|---|---|---|---|---|
| Xero | Acquisition | 25 Aug 2020 | $80m | Startup Daily, Australian FinTech (Wed 28 Sep 2022), SmartCompany, Australian FinTech (Tue 25 Aug 2020) |
Companies Waddle acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
Stories naming Waddle. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Commonwealth Bank's venture arm is buying invoice lender Waddle from Xero for an undisclosed sum, undoing Xero's 2020 purchase, to boost the bank's working-capital offering.
Commonwealth Bank's venture arm is buying invoice-financing platform Waddle, folding the technology into the bank to grow its Stream Working Capital offering for business customers.
Australian Consumer Data Right platform Adatree closed an oversubscribed second funding round, drawing re-investment from existing backers and new investors including Aconex's co-founders' family offices and MoneyPlace's founder.
Also Techboard
Xero is buying Sydney invoice-lending startup Waddle in a deal worth up to $80 million, combining $31 million upfront with earnouts; the article also recalls Waddle's $50 million debt facility and Series A.
SME lender Waddle has raised a $4 million Series A from Allectus Capital to scale ahead of bank partnerships, having previously secured a $50 million wholesale debt facility.
Also Startup Daily·Australian FinTech·SmartCompany·Startup Daily·Australian FinTech