ShaypeTM supports x15ventures to launch Kit, an innovative kid’s money app
Shaype (formerly Hay as a Service) has announced it is working with the Commonwealth Bank’s venture-scaler, x15ventures, to deliver Kit, a kid’s money app which includes a virtual account and VISA prepaid card.
Shaype’s powerful and flexible embedded financial services platform is a third-party technology provider to x15ventures and is the issuer of the virtual account and prepaid card.
This has been made possible by the AFSL held by Hay Limited, Shaype’s parent entity, and Shaype’s full suite of pure microservices that enable new financial products and experiences to be delivered quickly and confidently.
Requiring a high degree of product flexibility – and increased speed-to market – Kit leverages the Shaype platform, helping it to innovate fast and develop new features at the pace of a startup.
A supplier selection process began in July 2021, with Shaype being selected to provide the underlying financial product.
Shaype’s Founder & CEO Andrew Laycock said: “We’re so excited to help bring this innovative new product to market. The x15ventures team are incredible to work with and we’re all really proud of the end result – it’s a great product.”
Shaype is creating tomorrow’s financial experiences today. Our core product is the creation of transaction accounts – including joint accounts – with BSB and account number linked to a VISA card. Our powerful and flexible platform offers one API access to a full suite of powerful financial microservices for:
- Card payments, bank transfers, wallets, tokenisation and dynamic authorisation • Seamless customer onboarding, data and insights
- Real-time AML, CTF and fraud monitoring across all payment channels
ShaypeTM (trading name of Hay as a Service Pty Ltd ABN 75 645 062 611) provides factual information and general advice only on financial products and services as a Corporate Authorised Representative (001293961) of Hay Limited (AFSL 515459).
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