Biza.io
Biza.io is an Australian SaaS company, founded in 2017 in Brisbane, that provides cloud-based Consumer Data Right (CDR) compliance infrastructure for mandated banks, energy retailers, and non-bank lenders, serving both Data Holder and Data Recipient obligations through its Holder-as-a-Service platform.
- Company typePrivate
- Founded2017
- HeadquartersSydney, Australia
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What Biza.io does
Biza.io is an Australian SaaS company, founded in 2017 and headquartered in Brisbane, that provides compliance infrastructure for Australia's Consumer Data Right (CDR) regime. The company operates on both sides of the CDR ecosystem — delivering solutions for mandated Data Holders (banks, energy retailers, non-bank lenders) and for Data Recipients (fintechs, comparison platforms, financial service providers) that consume CDR data. Its core technology is a cloud-based CDR compliance platform structured around Holder-as-a-Service (HaaS) for turnkey Data Holder obligations, Open Gateway as a managed Data Recipient solution, Product Manager for Product Reference Data publishing, and an ACCC-aligned Verification Test Suite for pre-go-live compliance testing. The company also stewards DataRight+, an MIT-licensed community initiative extending CDR standards beyond government mandates. Biza was founded by Stuart Low, the former lead engineer of CSIRO's Data Standards Body, which underpins its unique positioning as a pure-play CDR specialist.
The company monetizes primarily through recurring subscription contracts (HaaS, Product Manager, Open Gateway) with quote-based enterprise pricing, supplemented by a freemium Product Manager Starter tier to drive NBL adoption ahead of the 2026 CDR deadline. Its go-to-market is sales-led, targeting regulated entities with consultation-based engagement and regulatory-deadline-driven demand generation via thought leadership content, webinars, and industry events. Biza raised AU$7.5 million in Series A funding in August 2022 from OIF Ventures and Jelix Ventures, and as of August 2024 employed 32 staff — a 48% year-over-year increase aligned with expansion into the non-bank lending vertical.
Biza.io firmographics
Firmographics- Name
- Biza.io
- Legal name
- Biza
- Website
- https://biza.io
- Company type
- Private
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Biza.io is an Australian SaaS company, founded in 2017 in Brisbane, that provides cloud-based Consumer Data Right (CDR) compliance infrastructure for mandated banks, energy retailers, and non-bank lenders, serving both Data Holder and Data Recipient obligations through its Holder-as-a-Service platform.
- Ownership category
- akta.pro rank
Biza.io industry classification
Industry- Product category
- Open Banking Compliance Software
- NAICS
- Custom Computer Programming Services (541511)
- SIC
- Services-Computer Programming, Data Processing, Etc. (7370)
- akta.pro primary industry
- Cloud Compliance, Audit & Continuous Controls Monitoring (CCM/GRC) (HDABAHAI)
- akta.pro secondary industry
- Data Platform, BI & Analytics Integration (BPAEAAAI)
Keywords
Where Biza.io is headquartered
LocationHeadquarters
- HQ city
- Sydney
- HQ country
- Australia
- HQ region
- Oceania
Offices1 record
Markets served
Biza.io business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Operations
Revenue model
- SaaS Subscription (HaaS): Holder-as-a-Service platform licensed on a subscription basis to mandated Data Holders (banks, energy retailers, non-bank lenders). Covers full CDR compliance including APIs, consumer dashboards, infosec, and ongoing maintenance.
- Product Manager Module: Product Manager can be purchased standalone or as part of HaaS. Pricing model per product, per brand, or flat fee depending on NBL catalogue size across multiple brands. Free Product Manager Starter account available for early familiarisation.
- Data Recipient Solutions (Open Gateway): Open Gateway solution for Data Recipients to access CDR data, sold as a managed service with consent management and branded dashboards.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Freemium | Monthly | Product Manager Starter (Free) |
| Subscription | Annual | Product Manager (Standalone or HaaS Module) |
Go-to-market motion1 record
Distribution channels2 records
Marketing channels6 records
Biza.io product offering
Product offeringCore offering
Biza provides cloud-based SaaS platforms that help Australian regulated entities achieve and maintain Consumer Data Right (CDR) compliance. Its Holder-as-a-Service (HaaS) platform serves mandated Data Holders (banks, energy retailers, non-bank lenders) with CDR-compliant APIs, consumer dashboards, and Product Reference Data management, while its Open Gateway solution enables accredited Data Recipients to access CDR data with consent management and branded dashboards. Supporting tools include a Product Manager module for PRD publishing and a Verification Test Suite for ACCC-aligned compliance testing.
Product overview
Biza.io offers a comprehensive platform of CDR (Consumer Data Right) compliance solutions consisting of two core product lines: Data Holder Solutions and Data Recipient Solutions. The Data Holder Solutions portfolio includes Holder as a Service (HaaS) as the core platform, with vertical-specific versions for Banking, Energy, and Non-Bank Lending sectors, plus Product Manager module for Product Reference Data management and NBL Compliance Tranche 1 for non-bank lender deadline compliance. The Data Recipient Solutions include Open Gateway for consuming CDR data and Verification Test Suite (VTS) for compliance testing. Additionally, DataRight Plus is a community initiative extending CDR capabilities beyond regulatory mandates. The architecture is designed as a modular platform where Product Manager can be purchased standalone or as part of the full HaaS solution.
Differentiator
Problem solved
Functional benefit
Products and services
- Holder as a Service (HaaS) Comprehensive cloud-based CDR compliance platform for mandated Data Holders (banks, energy retailers, non-bank lenders), providing APIs, consumer dashboards, information security, and ongoing compliance management with bank-grade security and scalability.
- Product Manager Purpose-built web-based interface for banks and non-bank lenders to publish and maintain CDR Product Reference Data, with bulk rate updates, scheduling for future product launches, reusable fee/feature/eligibility tables, full audit trail, and multi-brand support.
- Open Gateway Fully managed Data Recipient solution providing accredited CDR data access, consent management, notifications, and branded consumer dashboards for organisations wanting to consume CDR data from other institutions.
- Verification Test Suite (VTS) Market-leading ACCC-aligned end-to-end test environment where Data Holders and Data Recipients can trial their CDR solutions before go-live, providing complete confidence in compliance.
- HaaS for Non-Bank Lending Specialized CDR compliance solution for non-bank lenders entering the Consumer Data Right ecosystem, supporting multi-brand complexity and meeting Tranche 1 and Tranche 2 deadline requirements.
- NBL Compliance Tranche 1 Compliance solution specifically for non-bank lenders to meet the July 13, 2026 deadline for publishing CDR-compliant Product Reference Data via public APIs.
- HaaS for Banking CDR Data Holder solution for banks, providing comprehensive compliance infrastructure for the banking sector's open banking obligations.
- HaaS for Energy CDR Data Holder solution for energy retailers, enabling compliant open energy data sharing within the Australian CDR ecosystem.
- DataRight Plus Community-driven initiative extending CDR features beyond the government mandate, focusing initially on Action Initiation functionality with open, royalty-free MIT-licensed specifications.
Quantifiable outcome
- Biza's delivery cost of $7.70 per year per potential consumer is at least 2,000% lower than the big four banks' reported $7.70 per year per potential consumer for their CDR implementations.
- +2 more outcomes
Companies that use Biza.io
Customer profileNamed customers10 records
Segments5 records
Ideal customer profiles2 records
Biza.io technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
Biza.io partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core and flagship.
- Automised EnergycoreAutomised Energy is an independent home energy monitoring platform using CDR to access consumer energy usage data. Biza provides the infrastructure enabling Automised Energy to deliver tailored energy quotes across providers. The partnership saves consumers money on energy plans through secure CDR data sharing without monitoring devices or hardware.
- DataRight+ CommunitycoreDataRight+ is an industry-led initiative founded by Biza in June 2023 for extending CDR features beyond the government mandate, focusing on Action Initiation. Technical implementers in both data holder and recipient spaces are invited to collaborate on drafting new specifications under open, royalty-free MIT license. Biza leverages DataRight+ specifications in their HaaS offering.
- FiskilflagshipBiza delivered the world's first Open Energy data transfer with Fiskil in November 2022. Fiskil is an Accredited Data Recipient enabling innovative financial products using energy data. This partnership demonstrated Biza's ability to enable both sides of the CDR ecosystem (Data Holder and Data Recipient).
- AGLflagshipBiza successfully delivered AGL into the Consumer Data Right (CDR), known as Open Energy. AGL achieved compliance by the November 15, 2021 ACCC deadline, becoming one of the first major Australian energy retailers live in the CDR ecosystem. This partnership established Biza as the leading CDR provider for energy sector compliance and enabled the world's first open data sharing for the energy industry.
Scale indicators5 records
Recent moves6 records
Expansion highlights4 records
Biza.io competitors and assessment
Company assessmentDirect peers
- Frollo: Australian consumer data right and open banking platform serving both Data Holders and Data Recipients. Closest direct peer to Biza, also offering CDR compliance SaaS to banks and fintechs in Australia, including consent management and accreditation support.
- TrueLayer: UK-based open banking infrastructure provider offering APIs for account connectivity, payments initiation, and identity verification. Highly comparable as a regulated-jurisdiction Open Banking SaaS platform, though operating under UK/EU PSD2 rather than Australian CDR.
- Yapily: Open Banking infrastructure provider across the UK and Europe enabling account information and payment initiation APIs. Comparable in business model (API-led SaaS for regulated financial data sharing) but serving European banks rather than Australian CDR participants.
- Akoya: US-based open banking data access network enabling financial institutions to securely share consumer data with permissioned recipients. Directly comparable as a CDR/Open Banking interoperability platform with bank-to-recipient data sharing model.
- Token.io: Open Banking infrastructure provider focused on account-to-account payments and data connectivity across the UK and Europe. Comparable as a regulated Open Banking API platform serving both banks and fintech data recipients.
Broad incumbents
- Plaid: Large US-headquartered financial data connectivity platform connecting bank accounts to fintech apps. Broader incumbent serving consumer-permissioned financial data sharing globally; comparable in offering CDR-like infrastructure but with a much wider product portfolio and larger scale.
- MX Technologies: US-based financial data platform offering account connectivity, data aggregation, and money management tools to financial institutions and fintechs. Comparable in operating regulated data-sharing infrastructure but operating at much larger scale and broader scope.
- Envestnet | Yodlee: Long-established financial data aggregation and analytics platform serving financial institutions globally. Comparable in providing data-holder and data-recipient infrastructure, though focused on US/UK markets and serving a broader enterprise analytics portfolio.
Emerging players
- Bud Financial: UK-based Open Banking data platform offering enrichment and personal financial management insights derived from connected bank data. Comparable on the data-recipient side of the ecosystem but more focused on downstream analytics than CDR compliance tooling.
- DataMesh: Australian CDR consultancy and integration firm that helps financial institutions with CDR compliance. Comparable as an Australian-focused CDR services provider but more consultancy-led than product-led, making it more of a services peer than a SaaS peer.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks5 records
Key highlights7 records
Customer concentration
Biza.io social profiles
Digital presenceBiza.io financial estimates
Financial estimateRevenue estimate
Valuation estimate
Biza.io leadership team
Management profileNumber of profiles
Profiles1 record
Biza.io funding detail
Funding detailFunding overview
Funding rounds1 record
Investors2 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Biza.io M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Biza.io
What does Biza.io do?
Biza provides cloud-based SaaS platforms that help Australian regulated entities achieve and maintain Consumer Data Right (CDR) compliance. Its Holder-as-a-Service (HaaS) platform serves mandated Data Holders (banks, energy retailers, non-bank lenders) with CDR-compliant APIs, consumer dashboards, and Product Reference Data management, while its Open Gateway solution enables accredited Data Recipients to access CDR data with consent management and branded dashboards. Supporting tools include a Product Manager module for PRD publishing and a Verification Test Suite for ACCC-aligned compliance testing.
Is Biza.io a public or private company?
Biza.io is a private company. It is classified as venture growth investor backed and is currently operating.
When was Biza.io founded?
Biza.io was founded in 2017. It employs 11 to 50 people.
Where is Biza.io based?
Biza.io is headquartered in Sydney, Australia, in the Oceania region.
How does Biza.io make money?
Three revenue lines are on record. SaaS Subscription (HaaS) is the primary driver. The others are product Manager Module and data Recipient Solutions (Open Gateway).
Who are Biza.io's main competitors?
Direct peers on record are Frollo, TrueLayer, Yapily, Akoya and Token.io. Broad incumbents are Plaid, MX Technologies and Envestnet | Yodlee. Emerging players are Bud Financial and DataMesh.
Does Biza.io have an API?
No public API is recorded for Biza.io.
What industry is Biza.io in?
Biza.io's product category is Open Banking Compliance Software. Its primary akta.pro industry code is HDABAHAI, Cloud Compliance, Audit & Continuous Controls Monitoring (CCM/GRC), with a secondary code of BPAEAAAI, Data Platform, BI & Analytics Integration. Its NAICS code is 541511 and its SIC code is 7370.