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Westpac Group company logo
Diversified Financial Services
FINANCE | Retail Banking
westpac.com.au

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Investments

23

Portfolio Exits

8

Partners & Customers

10

About Westpac Group

Westpac Group's portfolio of financial services brands and businesses is focused on providing quality services to businesses and individuals. With a strategic focus on Australia, New Zealand and the near Pacific, the Westpac Group provides a broad range of banking and financial services – including retail, business and institutional banking.

Headquarters Location

200 Barangaroo Ave

Sydney, New South Wales, 2000,

Australia

+61 2 9374 7113

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Westpac Group Web Traffic

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Page Views per Million (PVPM)
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Westpac Group Rank

Latest Westpac Group News

Banking in a higher rate environment

Nov 23, 2022

Nov 24, 2022 – 9.03am Share 2023 will be a tough year for the banking industry. For the first time in decades, banks find themselves facing a protracted downturn fuelled by rising inflation, high rates, a looming mortgage cliff and a customer base under increasing pressure from all sides. How will banks restore business banking momentum, cut through the intense competition on the retail side, and meet opportunities like sustainable financing head on? At the Financial Review Banking Summit we will challenge the sector’s most influential leaders on how they will differentiate their businesses, and where their priorities lie. March 28, 2023 Peter King, CEO, Westpac Group John Lonsdale, chair, Australian Prudential Regulation Authority Anna Bligh, CEO, Australian Banking Association Michael Vacy-Lyle, group executive, business banking, Commonwealth Bank of Australia Adrienne Bloom, MD, head of Asia Pacific financial institutions, corporate banking, Bank of America Rachel Slade, group executive, personal banking, National Australia Bank Jim Sarris, GM business banking, Bendigo and Adelaide Bank Peter Cowan, MD, PayPal Australia Richard Wormald, division president, Australasia, Mastercard Bruce Young, GM operational resilience, Australian Prudential Regulation Authority Andrew Irvine, group executive, business and private banking, National Australia Bank Martine Jager, CEO, ME Bank and group executive retail banking, Bank of Queensland Meredith Wheelhouse, partner, Deloitte Digital Jason Hair, chief digital officer, Westpac Kristy Graham, CEO, Australian Sustainable Finance Institute Richard Harris, partner, Gilbert + Tobin Richard Burton, managing director mortgages, Westpac Group Tim Lawless, research director, CoreLogic Asia Pacific Pradeep Philip, lead partner, Deloitte Access Economics David Gall, group executive, corporate and institutional banking, National Australia Bank Michael Lawrence, CEO, Customer Owned Banking Association David Myers, national banking sector lead, Deloitte Australia Save

Westpac Group Investments

23 Investments

Westpac Group has made 23 investments. Their latest investment was in Kasisto as part of their Series C - II on August 8, 2022.

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Westpac Group Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

8/22/2022

Series C - II

Kasisto

$15.5M

Yes

5

12/12/2021

Loan

Metlifecare

$850M

Yes

1

10/22/2021

Series A

Safewill

$3M

Yes

5

6/15/2021

Series C

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$99M

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10

5/12/2020

Loan

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$99M

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10

Date

8/22/2022

12/12/2021

10/22/2021

6/15/2021

5/12/2020

Round

Series C - II

Loan

Series A

Series C

Loan

Company

Kasisto

Metlifecare

Safewill

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Amount

$15.5M

$850M

$3M

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

5

1

5

10

10

Westpac Group Portfolio Exits

8 Portfolio Exits

Westpac Group has 8 portfolio exits. Their latest portfolio exit was Hyper Anna on October 07, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

10/7/2021

Acquired

$99M

2

8/6/2021

Divestiture

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$99M

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10

7/6/2021

Divestiture

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$99M

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10

6/7/2021

Acquired

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$99M

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10

4/7/2021

Merger

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$99M

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10

Date

10/7/2021

8/6/2021

7/6/2021

6/7/2021

4/7/2021

Exit

Acquired

Divestiture

Divestiture

Acquired

Merger

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

2

10

10

10

10

Westpac Group Acquisitions

1 Acquisition

Westpac Group acquired 1 company. Their latest acquisition was MoneyBrilliant on December 07, 2021.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

12/7/2021

Debt

$99M

$1.08M

Acquired

5

Date

12/7/2021

Investment Stage

Debt

Companies

Valuation

$99M

Total Funding

$1.08M

Note

Acquired

Sources

5

Westpac Group Partners & Customers

10 Partners and customers

Westpac Group has 10 strategic partners and customers. Westpac Group recently partnered with NRL on October 10, 2022.

Date

Type

Business Partner

Country

News Snippet

Sources

10/27/2022

Partner

United Kingdom

Westpac spends millions on footy to sell more mortgages

NRL chief executive Andrew Abdo said rugby league had `` been looking to create a meaningful partnership with a bank and to have that opportunity now with Westpac is an exciting day '' .

1

9/21/2022

Partner

Australia

Westpac works with Optus, 'other telcos' to target call spoofing

The bank 's head of fraud Ben Young added that to combat the increasing volume and sophistication of scams , `` we 're working with Optus and other telco partners to apply blocks that will now stop scammers from being able to use call spoofing software and impersonate calls using Westpac 's number . ''

1

8/14/2022

Partner

Australia

Westpac runs for HSH in City2Surf — Head Start Homes

Westpac is HSH 's founding partner and more than 100 volunteers from Westpac have directly supported the organisation since its inception ... Head Start Homes sincerely thanks Westpac 's Mortgages and Marketing teams and all those who participated in the City2Surf fundraiser on Sunday 14th of August .

1

7/27/2022

Partner

New Zealand

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10

6/6/2022

Client

Australia

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10

Date

10/27/2022

9/21/2022

8/14/2022

7/27/2022

6/6/2022

Type

Partner

Partner

Partner

Partner

Client

Business Partner

Country

United Kingdom

Australia

Australia

New Zealand

Australia

News Snippet

Westpac spends millions on footy to sell more mortgages

NRL chief executive Andrew Abdo said rugby league had `` been looking to create a meaningful partnership with a bank and to have that opportunity now with Westpac is an exciting day '' .

Westpac works with Optus, 'other telcos' to target call spoofing

The bank 's head of fraud Ben Young added that to combat the increasing volume and sophistication of scams , `` we 're working with Optus and other telco partners to apply blocks that will now stop scammers from being able to use call spoofing software and impersonate calls using Westpac 's number . ''

Westpac runs for HSH in City2Surf — Head Start Homes

Westpac is HSH 's founding partner and more than 100 volunteers from Westpac have directly supported the organisation since its inception ... Head Start Homes sincerely thanks Westpac 's Mortgages and Marketing teams and all those who participated in the City2Surf fundraiser on Sunday 14th of August .

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Sources

1

1

1

10

10

Westpac Group Team

37 Team Members

Westpac Group has 37 team members, including current Chief Executive Officer, Jason Yetton.

Name

Work History

Title

Status

Jason Yetton

Chief Executive Officer

Current

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Name

Jason Yetton

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Work History

Title

Chief Executive Officer

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Status

Current

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A
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