​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

Blog Posts

7 ways to champion a human centred design culture

Human Centred Design (HCD) has come a long way in the last decade with many forward-thinking organisations now asking for HCD teams on their projects. It’s increasingly seen as essential to unlocking innovation, driving superior customer experiences and reducing delivery risk.

Shane Burford

Head of research and design, RXP Group

Building a human-curated brand

If the FANG (Facebook, Amazon, Netflix, Google) sector and their measured worth are the final argument for the successful 21st Century model, then they are beyond reproach. Fine-tuning masses of algorithms to reduce human touchpoints and deliver wild returns to investors—all with workforces infinitesimally small compared to the giants of the 20th Century—has been proven out.

Will Smith

Co-founder and head of new markets, The Plum Guide

Sustainability trends brands can expect in 2020

​Marketers have made strides this year in sustainability with the number of brands rallying behind the Not Business As Usual alliance for action against climate change being a sign of the times. While sustainability efforts have gained momentum this year, 2020 is shaping up to be the year brands are really held accountable for their work in this area.

Ben King

CSR manager & sustainability expert, Finder

Hey Vanessa, thanks for providing us the things marketers should know about data privacy. This was really an informative post.

astha sharma

5 things marketers should know about data privacy in 2020

Read more

Well, that's good to know that. Any other news you want to share here? I can't wait to see more.

Phil Godfrey

Queensland appoints first chief customer and digital officer

Read more

It's a pretty interesting article to read. I will learn more about this company later.

Dan Bullock

40 staff and 1000 contracts affected as foodora closes its Australian operations

Read more

If you think it can benefit both consumer and seller then it would be great

Simon Bird

Why Ford is counting on the Internet of Things to drive customer engagement

Read more

It's a good idea. Customers really should control their data. Now I understand why it's important.

Elvin Huntsberry

Salesforce CMO: Modern marketers have an obligation to give customers control of their data

Read more

Latest Podcast

More podcasts

Sign in