Paytron announced winner of Xccelerate 2022

Australian fintech news and information

  • The full-suite workflows and spend management platform secures a $250,000 SAFE note from Commonwealth Bank’s venture-scaling arm, x15ventures. 

  • This year’s Xccelerate focused on startups shaping the future of Australian payments, with more than 50 teams applying to take part and four finalists.

Friday, 30 September 2022 

Commonwealth Bank’s venture-scaling arm, x15ventures, has announced a $250,000 investment in Paytron, after the full-suite workflows and spend management platform won this year’s Xccelerate program.


Paytron was founded by Jaco Veldsman and Francois Henrion to transform business spend, with integrated workflows to control every transaction. It uses workflows to simplify the way accountants, mid-market companies and enterprises manage transactions like accounts payable, international transfers, and payroll. Features include automated invoice capture, batch payments, and corporate cards with built-in expense management, all through a single platform.