Waddle
The business, the turning points, and the decisions behind them.
Some sections are still being researched2 / 4
Sections to complete：02 · 05
01 / WHAT IT BUILT
What the company did
Waddle was a Sydney fintech founded in 2014 by Simon Creighton and Nathan Andrews. Its online invoice-financing platform gave small businesses automated approvals and revolving credit lines secured by outstanding invoices held in accounting packages such as Xero, MYOB and QuickBooks, letting owners unlock cash tied up in unpaid invoices to pay bills, fund payroll or grow.
02 / FAILURE REASONS
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03 / EVENT HISTORY
Events in the structured record
- Acquired by Xero
Xero acquired the Australian invoice-lending platform Waddle in 2020.
- Acquired by Commonwealth Bank
Commonwealth Bank completed its acquisition of the Waddle group from Xero on 3 October 2023 and brought the technology into its digital-lending business.
04 / CONTEMPORARY REBUILD ASSESSMENT
Difficulty of rebuilding this project today
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Overall assessment: Not completed
05 / CAUSAL CHAIN / AFTERMATH
Material for this section is being gathered and checked. It will appear here once ready.