Triple Bubble, Oceania's first fintech-specific investment fund, closed its first $10m in nine months. The fund is targeting $50m with a final close by Easter 2028.
CommBank's venture arm x15ventures came in as cornerstone investor. The investor list includes fintech founders (WeMoney's Dan Joveski, Caligra's Grant Bissett) and finance execs (Tractor Ventures cofounders Matt Allen and Aprill Enright, Techstars cofounder Brad Feld).
The Fund Model
Triple Bubble runs a stage-agnostic approach across three asset classes: private markets (pre-product to late stage), secondary equities, and pre-IPO/public fintechs. This is different from traditional VC funds that focus on a single stage.
Founders Dom Pym (Up Bank, Ferocia), Brian Collins (Audacity Ventures), and Judy Anderson-Firth (Euphemia, Startup Victoria) launched the fund in 2024. The partnership with x15ventures includes mutual mentorship and talent exchange programs.
The Market Reality
Pym called it one of the toughest capital raising markets in the last decade. The data backs that up: according to Fintech Australia, four out of five Australian fintechs have no VC on their cap table. Australian VCs own less than 4% of the local fintech market. Almost one-third of fintechs cite access to capital as their biggest issue.
The fund is deploying capital now, with investment announcements coming in the next few months.
What This Means for Sales Teams
Fintech funding creates sales hiring. When Triple Bubble backs early-stage fintechs, those companies typically hire SDRs and AEs within 6-12 months of closing a round. The x15ventures partnership could accelerate that timeline, given CommBank's enterprise distribution.
If you are tracking fintech sales roles, watch for Triple Bubble portfolio announcements. The fund's focus on ANZ means local hiring, not just US expansion plays. Base comp for fintech SDRs in Sydney currently sits at $70k-$85k, with OTE $110k-$140k depending on stage and product complexity.