Reinventure Group, the corporate venture capital (CVC) unit of Australia’s second-largest bank, Westpac, has invested more than A$1m in a seed round by Flare HR, a software company targeting retirement services.
Danny Gilligan, co-founder of Reinventure Group, said: “In our view, Flare represents the most interesting wealth distribution opportunity in market, given its ability to offer personalised financial services offerings at scale through a largely unaddressed market segment.”