BPAY Group launches Sypht and Lodge BPAY Group announces the addition of two new companies Sypht and Lodge to its expanding business SYDNEY, AUSTRALIA, SEPTEMBER 19th 2018: BPAY Group, announced today the launch of Sypht and Lodge. The addition of the new companies is a strategic move for BPAY Group and signals its transformation beyond payments. BPAY Group recently worked with BCG Digital Ventures to identify frictions in the Australian marketplace that it could help address from its unique position within Australia’s financial services industry. The result has been the introduction of two new companies, Sypht and Lodge, within the BPAY Group family of businesses. The companies operate independently and are headed by their own CEOs. Sypht uniquely uses machine learning and artificial intelligence to unlock the power of data. Sypht’s recently appointed CEO is Warren Billington. Lodge is an emerging online property management platform for self-managed investors and relevant service providers to manage their investment properties. Lodge’s recently appointed CEO is Justin Jefferies. “Through launching Sypht and Lodge, in addition to Osko - the first product on the New Payments Platform in the past 12 months - I’m pleased to confirm BPAY Group is well and truly open for business,” says John Banfield, CEO of BPAY Group. “BPAY Group is uniquely positioned to lead innovations for Australians from within the heart of the financial system. We welcome other organisations to collaborate with us for the betterment of Australians, through partnerships that can tap into our resources, people, and unique position,” adds Mr. Banfield. “Bringing Lodge to market is a hugely exciting proposition for me and the Lodge team,” says Justin Jefferies, CEO of Lodge. “Being part of the BPAY Group family means that Lodge is strategically positioned to tap into the strengths, relationships, expertise and capabilities of the BPAY Group business.” “I’m delighted to be working alongside BPAY Group and BCG Digital Ventures to bring Sypht to life,” says Warren Billington, CEO of Sypht. “Leveraging an iconic brand like BPAY as a launchpad will provide a wealth of opportunity for Sypht.” Further information about the product offering or businesses of Sypht and Lodge should be directed to their respective organisations.
About BPAY Group BPAY Group is uniquely positioned to lead innovation in payments for Australians today, tomorrow and whatever is next from the heart of the financial system. BPAY Group does this by thinking customer-first, providing ease without sacrificing security, and enabling experiences at the speed of life. A dynamic company of 120 talented people, it’s small enough that everyone has the opportunity to make their mark and big enough for each employee to make a difference. BPAY Group is also an Aon Hewitt Best Employer for 2018, testament to its culture that continually empowers and values its employees, while having a bit of fun. For more information about BPAY Group visit http://www.bpay.com.au/aboutus For media enquiries on BPAY Group, contact Renee Amor, General Manager Marketing and Communications, 0490 429 300 or
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About BCG Digital Ventures BCG Digital Ventures is the corporate innovation, incubation, and investment arm of The Boston Consulting Group. They invent, build, scale, and invest in businesses with the world’s most influential companies. BCGDV’s global network of Innovation Centers span four continents and are home to a diverse range of entrepreneurs, operators, engineers, and investors. For further information, please visit www.bcgdv.com For media enquiries on BCG Digital Ventures, contact Stephanie Wolfe / Global Marketing Manager NEW YORK
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