Commonwealth Bank of Australia

Commonwealth Bank of Australia is a prominent financial services provider, offering a comprehensive range of banking and financial products. Established in 1911, the bank operates retail, premium, business, and institutional banking services, alongside funds management, superannuation, insurance, investment, and sharebroking services. Its retail banking division includes home loans, credit cards, personal loans, and various deposit accounts. For businesses, Commonwealth Bank provides commercial products such as business loans, equipment financing, and agribusiness solutions. The bank serves a wide array of clients, including individuals, corporations, and government entities, both domestically and internationally. With a workforce exceeding 52,000 and over 800,000 shareholders, Commonwealth Bank aims to achieve strong shareholder returns and plays a significant role in helping Australians manage their finances effectively.

Matt Comyn

CEO

Ian Narev

Managing Director and CEO

Paul Nicolo

Analyst, M&A, Group Strategic Development

Past deals in Australasia

Edify Energy

Debt Financing in 2022
Edify Energy is a renewable energy company that specializes in solar project structuring, investments, and financing services.

Metricon Homes

Convertible Note in 2022
Developer of residential homes across Victoria, New South Wales, Queensland and South Australia. The company offers alfresco designs with open plan living, split level and townhomes with a range of home designs and packages, helping clients bring their dream home to reality.

Lygon

Series A in 2022
Lygon is a blockchain banking start-up focused on digitizing the traditional paper-based bank guarantee process within commercial banking. Its platform offers a streamlined solution that enables same-day issuance of bank guarantees, significantly improving efficiency and reducing the risks of fraud and handling errors. By leveraging core blockchain technology, Lygon's system not only transforms bank guarantees but also has the potential to be adapted for other financial instruments, enhancing the overall banking experience for users.

Paypa Plane

Corporate Round in 2022
Paypa Plane is a company that develops innovative payment software aimed at modernizing traditional payment processes while maintaining compatibility with existing systems. By creating digital payment agreements that connect businesses with payers, Paypa Plane enhances the functionality of legacy payment structures. Their solutions allow banks, enterprises, and payers to achieve significant cost savings, ensure cash-flow stability, and maintain compliance without requiring major changes to core banking systems. This approach not only simplifies customer care but also positions Paypa Plane as a forward-thinking player in the evolving payment ecosystem.

Lygon

Seed Round in 2021
Lygon is a blockchain banking start-up focused on digitizing the traditional paper-based bank guarantee process within commercial banking. Its platform offers a streamlined solution that enables same-day issuance of bank guarantees, significantly improving efficiency and reducing the risks of fraud and handling errors. By leveraging core blockchain technology, Lygon's system not only transforms bank guarantees but also has the potential to be adapted for other financial instruments, enhancing the overall banking experience for users.

Splashup

Pre Seed Round in 2021
We give retailers a powerful way to engage their customers and increase online sales by helping shoppers find what they're looking for - using AI-powered search and recommendations

Amber Electric

Series B in 2021
Amber Electric Pty Ltd, founded in 2017 and based in Melbourne, Australia, operates in the electricity market by providing customers with access to wholesale electricity prices. The company leverages a digital platform that allows users to monitor their energy consumption and receive notifications about optimal times to use renewable energy, thereby reducing costs and encouraging the use of cleaner energy sources. By facilitating real-time pricing, Amber Electric empowers customers to participate actively in the energy market, enabling them to save money while promoting the integration of renewable energy into the grid. The company's approach not only benefits individual consumers but also contributes to broader efforts to increase the adoption of sustainable energy solutions.

Little Birdie

Venture Round in 2021
Little Birdie is an e-commerce startup that wants to become the new homepage of online shopping.

Whitecoat

Acquisition in 2021
Whitecoat operates a digital healthcare services directory allowing patients to locate and book appointments. It also operates a digital health payment and claims platform with both terminal and in-app mobile claims processing capability for Medicare, private health insurance, and government schemes.

Slyp

Seed Round in 2020
Ping Data creates a smart receipt that links receipts to customers through their bank account and banking apps.

Lifestyle Communities

Debt Financing in 2019
Lifestyle Communities Limited, together with its subsidiaries, develops, owns, and manages affordable independent living residential land lease communities for working, semi-retired, or retired people in Australia. The company was founded in 2003 and is based in South Melbourne, Australia.

PEXA

Venture Round in 2018
PEXA (Property Exchange Australia) is an online property exchange network that facilitates the electronic lodging of documents and financial settlements for property transactions. Established in 2010, PEXA was created to implement a national e-Conveyancing solution in response to an initiative by the Council of Australian Governments. The platform primarily serves lawyers, conveyancers, and financial institutions, enabling them to transition to a fully digital conveyancing process that enhances speed, safety, and efficiency. With a market share of around 99%, PEXA effectively holds a dominant position in the Australian market, bolstered by government mandates supporting digital transactions. The company is also exploring opportunities for international expansion, having entered the United Kingdom market, and is looking to diversify its offerings by venturing into analytics and related products and services.

Aussie

Acquisition in 2017
Aussie, founded in 1992 by John Symond AM, revolutionized the Australian home lending industry by introducing competition and offering affordable home loan options. The company distinguished itself with 24-hour service and lower interest rates, thanks to the introduction of loan securitization in 1994, which allowed it to provide loans up to 3% cheaper than traditional banks. As consumer awareness grew, Aussie rapidly expanded its market share. By September 2012, it had a loan portfolio valued at nearly $44.9 billion, which increased to over $53 billion following its acquisition of mortgage aggregator nMB that same year. In 2008, Commonwealth Bank of Australia acquired a 33% stake in the company. Based in Sydney, Aussie continues to provide a variety of home loan products, helping customers secure favorable rates and achieve their homeownership aspirations.
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