Ann: x15ventures Invests $1 Million in Identitii Sub, Payble, page-3

X15ventures Invests $1 Million in Identitii Subsidiary, Payble Payble helps fix late and failed bill payments before they happen Highlights: • x15ventures invests $1.0 million to acquire a minority stake in Payble, with funds used to accelerate growth plans • Payble is x15ventures’ first minority equity investment • Payble leverages Identitii’s participation in the ACCC’s Consumer Data Right (CDR) Trial, to fix failed and late payments before they happen • x15ventures has appointed Chris Austin to Payble’s Board of Directors 12 April 2021 - Identitii Limited (Identitii, Company) (ASX:ID8) is pleased to announce that the Commonwealth Bank’s venture scaling entity, CBA New Digital Businesses Pty Ltd (x15ventures), is investing $1.0 million in Identitii subsidiary, Payble Pty Ltd (Payble) to acquire a minority ownership stake. In Australia each year, more than 75 million recurring or scheduled bill payments fail or are paid late. Businesses pay a high price to collect missing funds, using expensive call centres to update billing details, request late payments or activate instalment plans. Payble helps fix failed or late bill payments before they happen, leveraging Identitii’s participation in the Australian Competition and Consumer Commission (ACCC) CDR testing. Payble intends to utilise the new Open Banking regime to help businesses ensure more payments are made on time, and to provide customers with more control over their finances. Payble represents x15ventures’ first minority equity investment. Commenting on the announc