Reinventure
Westpac has committed $150m to Reinventure
What we do and why
Westpac’s commitment to Reinventure recognises the increasing impact of technology in reshaping financial markets. Working with Reinventure, Westpac gains deep insight into technologies and business models that may drive new customer experiences and disrupt traditional financial services.
The Reinventure portfolio companies gain access not just to Westpac capital, but may strategically benefit from Westpac resources and expertise to enable the company to scale more rapidly.
“We bring more than just money to the investments we make in start-ups; we help entrepreneurs achieve things they just wouldn’t be able to on their own.”
Danny Gilligan, Co-Founder Reinventure
From the Reinventure portfolio
Flybits
Flybits uses AI and contextual data to deliver personalised product recommendations for customers through their banking app. This includes integrating banking data with location, weather, phones status etc and ensures more meaningful insights are provided when needed.
Hmlet
Hmlet is a Singapore-based company that operates a number of co-living spaces across APAC, including Singapore, Hong Kong, Australia and Japan. Hmlet works alongside property developers to turn buildings into vibrant, community-centric dwellings, and then manages these properties on their behalf.
Zest
ZestMoney is the fastest way for all kinds of people to pay using digital EMI, without the need of a credit card or a credit score. ZestMoney work with fast-growing e-commerce businesses to help people upgrade their lives today and pay tomorrow. Using mobile tech, digital banking and AI they have made ZestMoney accessible to millions of Indian consumers.
Forte
Forte is pioneering a new asset class called Tradeable Income Based Securities (TIBS) that disrupts how education is funded today to make skilling up easier to access for both individuals and governments, whilst providing tangible returns for private investors.