Digital banking infrastructure for Australia's challengers.
Moroku is the digital engagement layer for credit unions, mutuals, and non-bank lenders. The technology serving them today is failing, and the regulatory cycle of the next two years will force every one of them to upgrade.
A market crying out for help.
Australia's challenger banks are trapped between demanding customers and failing technology providers.
The Big Four are challenged
Public trust eroded by scandals. Customers seeking alternatives. Government levelling the playing field against concentration.
Credit unions need upgrades
Mutuals competing for Big Four defectors, stuck on twenty-year-old technology that can't deliver modern experiences.
Legacy providers are underserving
Incumbents declining. Startups distracted with consumer plays. No credible modern platform — until now.
The composable advantage.
Moroku provides the full-stack digital engagement layer — mobile and internet banking, loan origination, payments, customer engagement — without competing on core banking infrastructure. Core-agnostic by design.
Works with Mambu, Thought Machine, Temenos, FiServ, and legacy systems.
Core integrators bring deals. We complete their offering without competing on core.
LCU live in production. BNK, Geneva Finance, and others advanced through the FY26 pipeline.
The Moroku DSL — our agentic development substrate — is a bet on how financial software gets built next.
Regulation as rocket fuel.
Three regulatory waves are hitting Australian financial services at once. Every regulated lender is now a forced buyer of modern digital infrastructure.
Operational risk and resilience
APRA's prudential standard makes regulated entities formally accountable for vendor resilience. Moroku is aligned ahead of the obligation taking full effect.
Open Banking expands to non-banks
Consumer Data Right rollout reaches non-bank lenders through 2026. The Biza Mambu Connector is the bridge — reusable IP, multiple clients.
Software economics inverted
AI has collapsed the cost of building financial software. The winners are platforms with distribution and trust — Moroku is positioned for both.
Three decades of digital banking.
Colin Weir
Three decades building digital banking infrastructure. From the first internet banks to mobile-first platforms to the AI-augmented era now unfolding.
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full materials.
Round terms, the investor deck, and an interactive valuation model. Identify yourself and the cheque size you're considering, and we'll open the materials.
Welcome, Investor.
The round terms, the deck, and the valuation model are below. The model is designed to be argued with. Direct line at the bottom of the page.
What we're raising.
The full investor narrative.
The complete narrative — market, product, team, financials, exit.
Full thesis: market, product, team, financials, exit. Approximately 30 slides. Happy to walk through any of it on a call.
Argue with the valuation.
A discounted cash flow built from MRR scenarios at December 2026, projected to a mid-2028 exit and discounted back to today. Move the assumptions and watch the value follow.
Ready to talk?
The fastest path is a thirty-minute call. Walk through the materials, discuss cheque size and structure for the round.