Shaping the Future of Australian Payments

Xccelerate is an expedited investment program targeting early-stage founders, helping them understand what the pathway to partnering with a large corporate, like a bank, looks like. It is a high-touch program that creates deep connections between founders and valuable experts at x15 and CBA to stress-tests their venture in the right environments. This year, Xccelerate is focussing on early stage ventures who are shaping the future of Australian payments.

Payments are a critical infrastructure - the benefits of delivering new innovations are enormous, but the threshold for getting it right is equally high.

Are we right for you?

Are you an early stage founder disrupting any part of the payments ecosystem?

This year, our industry focus is on pre-series A, MVP Stage ventures who are looking to shape the future of Australian payments. Payments refers to anything or anyone who is involved with end to end transactions.

If that’s you....

Are we right for you?

Do you need more than just money?

We aren’t in the business of just investing for the sake of it. You’d be entering an accelerated investment process because you need the capital (what great idea doesn't?) AND insights, access, and support to help you reach your venture's full potential.

Sounding good?

Are we right for you?

Do you need access to domain experts in payments?

Did you know around 50% of transactions nationally go through CBA, who has the largest market share of SMB banking? We know a thing or two about payments. And we have the experts onboard to prove it.

It'd be nice to get some deeper insights on this, right?

Are we right for you?

Will your product benefit from the insights that only a large corporate, such as a bank, can offer?

x15 has a proven track record of investing in and scaling ventures through the assets of CommBank. Have a look at our existing portfolio of ventures, including Xccelerate alumni OwnHome, which has continued to grow and validate its proposition, culminating in further strategic investment from CBA earlier this year.

Do it once and do it well...

Who can apply?

Make sure you meet our requirements

As an applicant, you'll need to:

  • Be an Early-stage (Pre Series A) venture shaping the future of Australian payments
  • Have a team, with all individuals over 18 years old
  • Be a proprietary limited (Pty Ltd.) company incorporated in Australia
  • Have at least an MVP that can be demoed to our Portfolio team
  • Be aligned to theme of ‘Shaping the Future of Australian Payments’ (See FAQs for more information)
  • Have the technical capabilities to develop their product in-house, or can articulate a clear strategy for how the product will be built using external providers (preference will be given to teams with a technical co-founder)
  • Be aligned to x15's ESG commitments

Apply Here now

Program breakdown

1 Aug

1. Apply

1 August - 1 September

Early stage ventures in the payments space are encouraged to apply for Xccelerate 22, via our web form and provide a pitch deck submission.


2. Interview


Shortlisted applicants will be invited to a 30-minute virtual meeting with our Portfolio team, to dive deeper into their venture and answer any questions the team might have.

13 Sept

3. Community Day

13 September

Teams will be selected to join us for a full day of panels, mentoring and networking to accelerate the growth of their business.

20 Sept

4. Partnership Pathway Day

20 September

Five final teams will join CBA and x15 experts in a deep-dive session on what strategic partnership with a corporate institution looks like, and how to position your venture for success.

22 Sept

5. Investor Pitch Night

22 September

Five final teams will pitch to an investment committee followed by a networking event where we will announce an investment decision.

Hear from the Xccelerated

Early stage businesses need believers and momentum - x15 provides both. Big problems, like housing access, need bold innovations. x15 brings scale and the experience of operating closely with CBA.



Hear from the Xccelerated

We felt like we were in a room with individuals that truly wanted to see us succeed. The fact that x15 connected us to the wider CBA team enriched our learnings and widened our perspectives, encouraging us to dare greatly.



Hear from the Xccelerated

It's access to scale, particularly in payments where a lot of things are volume games. That can be something that Commbank, via x15, can bring you as part of a growth strategy.



Frequently asked questions

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