Superhero and Split Payments partner to launch real-time account funding

Australian low-cost share trading platform, Superhero, has launched a new partnership with Split Payments to offer real-time account deposits using PayID, making Superhero the first online trading platform in Australia to offer real-time, same day account funding.

Superhero CEO and Co-Founder John Winters said that real-time account funding is setting the standard and paving the way for a number of initiatives the company is working on to ‘prioritise and deliver superior customer experience.’

Superhero’s journey into the market has been no less than remarkable, with the company acquiring more than 40,000 customers in it’s first 5 months in market, blowing it’s first year predictions of 10,000 customers out of the water.

“Superhero’s success is a reflection of our user-friendly platform that provides investors with access to the Australian stock market at just $5 per trade,” Mr Winters said.

“With an influx of new retail investors entering the market, as well as experienced investors looking for superior offerings, we believe Superhero is best positioned to deliver on customer expectations.”

Split Payments CEO Chris Jewell said, “Superhero has consistently demonstrated itself to be a pioneer in customer centric innovation, and the implementation of Split’s industry leading real-time PayID solution is yet another example.”

“It’s exciting to be part of Superhero’s growth and we look forward to working on new products and features in the future.”

Split Payments is an account to account payments platform and recently won the AFR Most Innovative Technology Company for 2020. Split is one of a growing number of fintechs disrupting the traditional banking model through Open Banking and Real-Time payments.

The integration of Superhero with Split Payments was completed in a record 48 hours, a far cry from the expected 6 weeks, an achievement both teams are incredibly proud of. Mr Jewell said “our partnership with Superhero is underpinned by our mutual commitment to innovation and delivering best in class product offerings”.