Business Telegraph

Startup News

X15 Ventures launches Backr to help first-time businesses

  • Written by Media Release


New app provides businesses with everything they need to hit the ground running.

Commonwealth Bank’s venture building entity, X15 Ventures, has today launched Backr, a new web app designed to help first-time business owners through the often confusing process of starting a business.

Backr is the fourth business to come out of the X15 Ventures since it was launched in February 2020, and is the first business developed outside of the Bank.

Backr offers a digital, task-based approach to starting up, and guides users through the process step-by-step, from business registrations, to business plan formulation, invoice creation and more. Targeting small businesses and new entrepreneurs, Backr is designed to be used for the early stages of a business’ life.

Speaking about Backr, X15 Ventures Managing Director Toby Norton-Smith, said the web app was designed to guide small business owners through the first year of operation.

“Backr is a portal for aspiring entrepreneurs and micro-businesses looking to set up shop. This small business-in-a-box service simplifies the process of setting up a business, which we know can be quite daunting for many first-time business owners,” he said.

“The launch of Backr further demonstrates CBA’s commitment to supporting the small business economy as Australia emerges from the coronavirus pandemic, and working together with the fintech community through X15 Ventures on launching great ideas into the market.”

CBA Group Executive Business Banking, Mike Vacy-Lyle, said: “Small businesses play a fundamental role in almost all sectors of the Australian economy and the launch of the new Backr web app is one way we’re supporting the next generation of small businesses.

“This is especially important during this challenging time, and we’re hoping Backr will help remove some of the barriers to entry for anyone thinking of starting their own business or those already navigating these initial steps.”

Since the launch of X15 Ventures, CBA has powered four new businesses, including Backr, Vonto, Credit Savvy and Home-in. And this is just the beginning for X15 Ventures, with new business ideas emerging from Xcellerate2020, a pitch program hosted by X15 Ventures in July.

The Backr app is set to launch in September 2020 and anyone can register their interest from today at www.backr.com.au. Users who sign-up to the full Backr product between launch and 31 October and complete four tasks (1. Register an ABN, 2. Register a business name, 3. Complete a business plan, 4. Open a CBA Business Transaction Account) will be eligible to receive $500 (terms and conditions apply and can be found on the Backr website).

Entrepreneurs & Leaders

How a day at the races can help you win clients

In today’s modern digital age, some may think that the days of wining and dining your clients are long past. In real...

14 Best Indoor Plants for Australian Homes

Your home is your sanctuary and adding plants can make it that much better. What you will need are plants that thriv...

Full Guide to No Deposit Free Spins

Free spins are bonuses given to spin the reel for free a certain number of times in different types of slots. Usuall...

Stripe Payment Methods: Top Payment Methods Supported By Stripe

Founded in 2009, Stripe is a fully-fledged payment method with impressive global coverage. It is a payment gateway...

IPE Decking

With an increasingly green society, it makes sense to make your deck choices environmentally friendly. Choosing IPE ...

Tips to Choose the Right Digital Agency for Your Business

Nowadays, a growing number of businesses have come to a point where they have to outsource digital marketing service...

Ways to Improve Your Local Marketing Strategy

Your local business is struggling. New customers are hard to come by. You’ve tried marketing, but it just doesn’t se...

How one can have a great reputation on Instagram

If you want to get Instagram followers, you are supposed to get yourself a great reputation here on this platform. S...

The Right SEO Agency Can Make All the Difference

There is a lot that goes into successfully marketing a business online. We all tend to put a general importance on t...

How to pick an engagement ring

How to Pick the Perfect Engagement Ring - Peter Franklin How to Pick an Engagement Ring — Borsheims Is i...

Nose news: 7 potential benefits of rhinoplasty

Rhinoplasty, or a nose job, is a cosmetic procedure designed to modify the nose’s appearance. These procedures can b...

Corporate Calendar - 5 Best Practices for Keeping Your Work Calendar Organized

Do you need to get those all-important corporate gifts and promotional products out on time for every marketing camp...

What can I purchase with a Low Doc Business Loan?

As a business owner or self-employed individual, approaching a traditional bank or lender for finance can be complic...

Buying Facebook Likes

Facebook is among the social networking platforms you should undoubtedly use If you'd like to generate some buzz or ga...

Betting Sites that Use Cryptocurrency

Crypto Sports Betting Sites When talking about crypto, the first currency that comes to mind is Bitcoin. A sport be...

Online Gambling Statistics in Australia

Aussies are among the world's most prominent gamblers, whether they're playing slots at a traditional casino or the ...

Why DIY Plumbing Will Do More Damage Than Good

When you’re having plumbing issues, it can be quite tempting to fix these yourself. Some plumbing issues look like e...

Understand More About Vehicle Detection Sensors

Within any traffic setup system, vehicle detection is an appropriate vehicle detection procedure. Vehicle detection ...

Top Three Benefits of Social Media Marketing for Businesses

While social media has made marketing so much easier, entrepreneurs should use social media creatively and strategic...

COVID Impacted Australian Businesses Find Alternative Revenue Through Print-on-Demand

Australian businesses with COVID impacted staff are struggling to find alternative revenue streams. One way they hav...

Enhance the Aesthetic Appeal of Your House by Design the Best Home Garden

The house I live in now oozes exclusive charm and elegance of its own, with its exquisite architectural design from ...

Is the Housing Market in a New Upward Trend?

The housing market in the United States has been on fire, with prices and sales surging due to low mortgage rates and ...

How do I get my stubborn dog to listen?

Dog experts are accustomed to hearing complaints from frustrated dog owners. Some of the things that they commonly h...

Launching a Startup Real Estate Business? Ideas to Learn from Display Homes

Investing in real estate is considered lucrative and draws many investors from far and wide. This isn't all rosy, as m...

Writers Wanted


NewsServices.com

Content & Technology Connecting Global Audiences

More Information - Less Opinion