Portfolio

11 companies. One thesis.

Eleven companies across payments, logistics, personalisation, marketplace infrastructure, and post-purchase retention — all backed at Seed or Pre-Seed, all building AI-native.

Portfolio companies

Backed across Banksia Fund I (closed April 2022, fully deployed) and Banksia Fund II (closed February 2025, actively deploying). Each company reflects the same core thesis: AI-native architecture, commerce-first use case, built for APAC.

Airwallex

Multi-currency payment infrastructure for cross-border commerce — handles FX conversion, local payment method acceptance, and settlement across APAC corridors where traditional payment rails fail.

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Shippit

Carrier-agnostic delivery orchestration layer that routes shipments across multiple logistics providers in real time — reducing last-mile cost and improving fulfilment predictability for online retailers.

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Particular Audience

Product discovery and personalisation engine built for retailers — uses catalogue-level attribute modelling and behavioural signals to serve relevant product recommendations across search, browse, and email.

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Ordermentum

B2B ordering and payments marketplace for the hospitality and food service sector — connects venues directly with suppliers, automating purchase orders, invoicing, and account management that previously ran on phone calls and spreadsheets.

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Competera

AI-powered retail price optimisation platform — models competitor pricing, demand signals, and margin constraints simultaneously to recommend and automate optimal pricing decisions across large SKU catalogues without manual rule maintenance.

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Clutch

Composable loyalty programme infrastructure for commerce platforms — handles points issuance, tier management, redemption rails, and cross-merchant coalitions without requiring retailers to build the stack themselves.

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Carted

Unified commerce data API layer that abstracts product catalogue, pricing, and availability data across fragmented retail platforms — giving developers a single integration point for cross-marketplace product discovery.

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Dressipi

Fashion-specific AI that predicts product-to-customer fit using garment attribute data and purchase history — reduces return rates in fashion e-commerce by surfacing size and style recommendations at the point of browse.

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Marketplacer

End-to-end SaaS platform for building and operating multi-vendor marketplaces — handles seller onboarding, catalogue management, transaction processing, and commission logic so operators can launch marketplace businesses without custom engineering.

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Lexer

Retail-native customer data platform — ingests POS, e-commerce, loyalty, and CRM data into a unified customer profile, then surfaces segmentation and campaign tooling designed specifically for retail merchants rather than generic enterprise marketing stacks.

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Slyp

Digital receipt infrastructure that replaces paper slips with rich, data-connected post-purchase experiences — giving retailers a direct owned channel into the customer relationship after the transaction closes.

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Fund history

Two funds. One focus.

A$78M across two funds, both focused exclusively on AI-native commerce and marketplace infrastructure for APAC. Fund I closed April 2022 and is fully deployed. Fund II closed February 2025 and is actively deploying — the companies on this page represent both vintages.

Banksia Fund I

$32M

Close April 2022
Status Fully deployed
Focus AI commerce infrastructure, APAC Seed

Banksia Fund II

$46M

Close February 2025
Status Actively deploying
Focus AI commerce & marketplace, APAC Seed