ANZ has significantly streamlined its venture capital fund 1835i, closing poorly performing cashback business Cashrewards shortly after selling its share in payments company Airwallex.
Cashrewards notified customers of its closure on Monday afternoon. The Australian Financial Review earlier reported that ANZ had cashed in on Airwallex’s success by selling its shares to the founders and executives for $US44 million ($66.8 million). 1835i still owns digital receipts business Slyp.
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