​Pepper Money and Pollenizer partner to boost financial services innovation

The new partnership is set to back fintech startups and transform Australia’s financial services industry

Pepper Money and Pollenizer have joined forces to back an Australian startup as part of a strategy to boost innovation in the financial services industry.

Following a micro-hack in December, startup, SmallStash, was selected by Pepper Money to complete a 12-week incubator program, with Pepper Money investing close to $100,000 to the full support of the startup including the space and resources they need to focus on bringing the idea to life.

According to Pepper Group’s head of innovation, Dr Matthew Tinker, many financial services businesses are looking to innovate in a traditional way.

“Often a company’s internal agenda can hijack the innovation process,” he said. “Pepper Money wanted to disrupt this process by creating a program that allowed external, unbiased innovation”

But Tinker stressed unlike other incubator programs, Pepper hasn’t yet taken a direct equity percentage in the startup as part of the process, as they aim to develop an offering that addresses the whole finance sector, not just a Pepper challenge. However, he highlighted the prospect of taking equity isn’t out of the question in the future..

“We believe this project could create a fundamental change in the way Australians deal with money and finance, having massive ramifications on the way financial services can operate in Australia,” Tinker added. “Pepper is proud to bring to life a program that is encouraging entrepreneurial spirit whilst providing an environment that nurtures ideas.”

SmallStash takes aim at financial education for kids, assisting parents to better educate their children on money and savings.

The selected team members left their corporate jobs to embark on the startup journey through the program. The group is now entering the incubator program, with Pepper and Pollenizer to provide financial support and guidance to further progress SmallStash’s ideas to bring to market a relevant commercial offering.

Follow CMO on Twitter: @CMOAustralia, take part in the CMO conversation on LinkedIn: CMO ANZ, join us on Facebook: https://www.facebook.com/CMOAustralia, or check us out on Google+:google.com/+CmoAu

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.
Show Comments

Latest Videos

Conversations over a cuppa with CMO: Microsoft's Pip Arthur

​In this latest episode of our conversations over a cuppa with CMO, we catch up with the delightful Pip Arthur, Microsoft Australia's chief marketing officer and communications director, to talk about thinking differently, delivering on B2B connection in the crisis, brand purpose and marketing transformation.

More Videos

JP54,D2, D6, JetA1 EN590Dear Buyer/ Buyer mandate,We currently have Available FOB Rotterdam/Houston for JP54,D2, D6,JetA1 with good and w...

Collins Johnson

Oath to fully acquire Yahoo7 from Seven West Media

Read more

Great content and well explained. Everything you need to know about Digital Design, this article has got you covered. You may also check ...

Ryota Miyagi

Why the art of human-centred design has become a vital CX tool

Read more

Interested in virtual events? If you are looking for an amazing virtual booth, this is definitely worth checking https://virtualbooth.ad...

Cecille Pabon

Report: Covid effect sees digital events on the rise long-term

Read more

Thank you so much for sharing such an informative article. It’s really impressive.Click Here & Create Status and share with family

Sanwataram

Predictions: 14 digital marketing predictions for 2021

Read more

Nice!https://www.live-radio-onli...

OmiljeniRadio RadioStanice Uzi

Google+ and Blogger cozy up with new comment system

Read more

Blog Posts

A Brand for social justice

In 2020, brands did something they’d never done before: They spoke up about race.

Dipanjan Chatterjee and Xiaofeng Wang

VP and principal analyst and senior analyst, Forrester

Determining our Humanity

‘Business as unusual’ is a term my organisation has adopted to describe the professional aftermath of COVID-19 and the rest of the tragic events this year. Social distancing, perspex screens at counters and masks in all manner of situations have introduced us to a world we were never familiar with. But, as we keep being reminded, this is the new normal. This is the world we created. Yet we also have the opportunity to create something else.

Katja Forbes

Managing director of Designit, Australia and New Zealand

Should your business go back to the future?

In times of uncertainty, people gravitate towards the familiar. How can businesses capitalise on this to overcome the recessionary conditions brought on by COVID? Craig Flanders explains.

Craig Flanders

CEO, Spinach

Sign in