About Waddle
Waddle is a Financial Services company based in Surry Hills (Australia) founded in 2015 by Simon Creighton, Nathan Andrews, and Leigh Dunsford, and was acquired by x15ventures in September 2023. Invoice financing is provided through an online platform for businesses. Waddle has raised $2.84 million across 3 funding rounds from investors including Xero, Allectus Capital and x15ventures. Waddle offers products and services including Home-in, Unloan, CreditSavvy, Doshii, and Kit. Its focus areas include FinTech, Alternative Lending, Online Lenders and Business Loans. Its legal entity is CBA New Digital Businesses Pty Ltd. Its competitors include Timelio, Moneytech and Grapple; 3 of its 3 listed competitors have raised funding.
Company details
Waddle is an online invoice financing platform. Businesses have to connect their accounting software with the platform, that allows Waddle to view the invoicing activity in real time and post the transaction data from the Waddle account to the accounting software. Credit limits are based on the accounts receivable and adjust automatically as the business raise close invoices. Interest is calculated daily on the outstanding balance and applied to the loan balance monthly.
- Headquarters Surry Hills, Australia
- Founders Simon Creighton, Nathan Andrews, Leigh Dunsford
- Stage Acquired
- SectorsFinancial Services
- Website waddle.com.au
- Social LinkedIn X
- Acquired by Xero (Aug 2020)
- Legal Name Cba New Digital Businesses Pty Ltd
- Total Equity Funding$2.84M (USD)
in 3 rounds
- Latest Funding Round$2.84M (USD), Series A
Mar 2019
- InvestorsXero
& 2 more
- Acquired by
Products & Services of Waddle
Waddle offers a comprehensive portfolio of products and services, including Home-in, Unloan, CreditSavvy, Doshii, and Kit.
Simplifies home buying process with navigation tools for buyers.
Provides digital home loans with quick applications and rate discounts.
Helps users access and protect their credit reputations online.
Manages delivery orders and menus for hospitality venues efficiently.
Teaches young users about money management through apps and cards.
Enables businesses to unlock cash from unpaid invoices quickly.
Alerts users to potential identity misuse in online activities.
Assists governments in improving citizen payment experiences.
Offers pathways to homeownership without high upfront costs.
Facilitates eCommerce merchant networks for post-transaction services.
Funding Insights of Waddle
Waddle has successfully raised a total of $2.84M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $2.84 million completed in March 2019. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $2.84M
- Total Rounds 3
- Last Round Series A — $2.84M
- Investors Count 1
All 3 funding rounds of Waddle with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar 2019 | $2.84M | Series A | – | Allectus Capital | – |
| Nov 2017 | $37.82M | Debt – Conventional | – | – | – |
| Jun 2016 | Debt – Conventional | – | – | – |
3 investors in total: 3 institutional.
Investors in Waddle
Waddle has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include Xero, Allectus Capital and x15ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early to late stage tech investments in Australia are targeted. | allectuscapital.limited | |||
Startups are built across sectors in a studio model. | x15ventures.com.au | Sydney, Australia | ||
Cloud-based accounting and payment management is offered for small businesses. | 2006 | xero.com | Wellington, New Zealand |
Investor details for Waddle
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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- Round participation
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People of Waddle
3 people are tracked at Waddle (3 in leadership).
| Name | Role | Group |
|---|---|---|
Simon Creighton | Co-Founder & Director | Leadership |
Nathan Andrews | Co-Founder | Leadership |
Leigh Dunsford | Co-Founder | Leadership |
Complete people profiles for Waddle
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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- Team structure
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Timeline of Waddle
5 dated milestones of Waddle across 8 years, from founding to its latest funding, stage changes and deals.
- Founded Waddle is founded.
- Funding First funding round.
- Funding Latest funding round, Series A, of $2.8M.
- Exit Acquired by Xero.
- Exit Acquired by x15ventures.
Competitors of Waddle
Waddle has 3 listed competitors in our database, 3 of them funded. They include Timelio, Moneytech and Grapple.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| timelio.com.au | 2014 | Melbourne, Australia | $5.5M | Invoice financing is provided to Australian businesses online. | ||
| moneytech.com.au | 2003 | Sydney, Australia | $20M | Online finance and payment solutions for Australian SMEs are provided. | ||
| grapple.com.au | 2018 | Sydney, Australia | $6.5M | Online marketplace for business loans |
Detailed competitors of Waddle
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Related news about Waddle
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Frequently Asked Questions about Waddle
Waddle was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Waddle is headquartered in Surry Hills, Australia. It is registered at Surry Hills, New South Wales, Australia.
Waddle is a funded company, having raised a total of $2.84M across 3 funding rounds to date.
Waddle is an online invoice financing platform. Businesses have to connect their accounting software with the platform, that allows Waddle to view the invoicing activity in real time and post the transaction data from the Waddle account to the accounting software. Credit limits are based on the accounts receivable and adjust automatically as the business raise close invoices. Interest is calculated daily on the outstanding balance and applied to the loan balance monthly.
Waddle offers Home-in, Unloan, CreditSavvy, Doshii, and 6 more products and services.
Waddle has 3 investors. Key investors include Xero, Allectus Capital, and x15ventures.
Waddle operates through Cba New Digital Businesses Pty Ltd.
Yes. Waddle was acquired by Xero in August 2020.