CommBank launches all-in-one small business app Vonto

Xero, Facebook, Google Analytics - there are plenty of tools and apps available to assist small businesses in tracking website traffic and audience figures, managing campaigns and keeping track of finances.
But what about a single app that parcels all that information together?
That’s the promise of Vonto, a free app powered by the Commonwealth Bank, which aims to aggregate information from the likes of Facebook, Google Analytics, Shopify, Vend and Xero in order to “provide easy to understand and actionable insights” for small businesses.
The app, which was launched on Tuesday, runs through a business’ data each morning and provides ten ‘key insights’ including things like cash flow, website traffic, social media engagement and product performance.
“More than 80 per cent of small businesses are using up to six business apps to run their operation, potentially meaning six logins to six different systems, every day, just to see the status quo,” said Vonto Managing Director, Elliot Cousins.
“Small business owners are time poor - for most business owners there aren’t enough hours in the day to double click on what their business data is telling them, let alone decipher this information and know what to do with it. That’s where Vonto comes in.”
Vonto was developed as part of X15 Ventures, a self-described ‘Australian technology venture building entity’ born of a partnership between the Commonwealth Bank, Microsoft and KPMG.
While powered by Commbank, Vonto is free for download by any Australian small business, irrespective of who they bank with.
“We wanted to make sure Vonto was available to anyone in the small business community. Small business is the lifeblood of the Australian economy and we want to help as many of them as we can,” said Cousins.
And according to Cousins, Vonto will continue to add to the list of external integrations available with the app.
“We decided to launch with a selective number of integrations and are looking to our users to tell us what integrations they want in future releases,” he said.
RELATED: Why 2020 could be the best year to take out a business loan
Interested in catching up with even more business articles? Head over to our business banking hub for the latest news, guides and information on everything from business loans and business credit cards to business bank accounts.
Compare business loans
Boost Business Loan
Whether you’re looking for a quick cash boost for your business or are ready to invest in growth, ScotPac offers a range of unsecured and secured loans from $10,000 up to $500,000. For loan terms of 6 months to 3 years. No application or account keeping fees to pay. Funds available in 24 hours or less once approved. Repayment options available.
Interest Rate
Upfront Fee
Funding speed
On applicationDetails on applicationFrom 24 hoursBoost Business Loan
Whether you’re looking for a quick cash boost for your business or are ready to invest in growth, ScotPac offers a range of unsecured and secured loans from $10,000 up to $500,000. For loan terms of 6 months to 3 years. No application or account keeping fees to pay. Funds available in 24 hours or less once approved. Repayment options available.
- Interest Rate
- On application
- Upfront Fee
- Details on application
- Ongoing Fees
- $0
- Late payment fee
- -
- Transaction fee
- -
- Early repayment penalty
- -
- Other fees
- -
- Loan type
- Loan
- Security type
- Secured or Unsecured
- Minimum loan amount
- $10,000
- Maximum loan amount
- $500,000
- Minimum loan term
- 6 months
- Maximum loan term
- 3 years
- Repayment frequency
- Weekly
- Repayment types
- -
- Minimum trading period
- 1 year
- Minimum annual turnover
- $120,000
- Application speed
- From 24 hours
- Approval speed
- From 24 hours
- Funding speed
- From 24 hours
- Extra repayments allowed
- -
- Redraw allowed
- -
- Other benefits
- All industries supported.
- Other restrictions
- Loans up to $100K: No upfront collateral required Loans between $100K to $200K: Borrower must be a property owner Loans over $200K: Borrower must be a property owner, and the loan will be secured
Prospa Plus Business Loan
Prospa uses risk-based pricing to determine your interest rate. They look at factors including your industry, years in business, cash flow, creditworthiness and the overall financial health of your business.
Interest Rate
Upfront Fee
Funding speed
Interest rates vary based on risk.3.5%from 24 hoursProspa Plus Business Loan
Prospa uses risk-based pricing to determine your interest rate. They look at factors including your industry, years in business, cash flow, creditworthiness and the overall financial health of your business.
- Interest Rate
- Interest rates vary based on risk.
- Upfront Fee
- 3.5%
- Ongoing Fees
- $0.00
- Late payment fee
- $0.00
- Transaction fee
- -
- Early repayment penalty
- $0.00
- Other fees
- -
- Loan type
- Loan
- Security type
- Secured
- Minimum loan amount
- $150,000
- Maximum loan amount
- $500,000
- Minimum loan term
- 3 months
- Maximum loan term
- 3 years
- Repayment frequency
- Weekly
- Repayment types
- Principal & Interest
- Minimum trading period
- 3 years
- Minimum annual turnover
- $1,000,000
- Application speed
- 10 Minutes
- Approval speed
- Same-day approval
- Funding speed
- from 24 hours
- Extra repayments allowed
- yes
- Redraw allowed
- no
- Other benefits
- -
- Other restrictions
- -
Unsecured Business Loan
Business Loans from $5,000 to $5,000,000 with high approval rates. Access to funds on loans up to $500,000 in as little as 3 hours. Cash flow friendly repayments and open minded offers.
Interest Rate
Upfront Fee
Funding speed
On Application3%, starting at $399from 3 hoursUnsecured Business Loan
Business Loans from $5,000 to $5,000,000 with high approval rates. Access to funds on loans up to $500,000 in as little as 3 hours. Cash flow friendly repayments and open minded offers.
- Interest Rate
- On Application
- Upfront Fee
- 3%, starting at $399
- Ongoing Fees
- no
- Late payment fee
- $50.00
- Transaction fee
- -
- Early repayment penalty
- no
- Other fees
- -
- Loan type
- Loan
- Security type
- Unsecured
- Minimum loan amount
- $5,000
- Maximum loan amount
- $5,000,000
- Minimum loan term
- 3 months
- Maximum loan term
- 1 year
- Repayment frequency
- Weekly, flexible
- Repayment types
- Principal & Interest
- Minimum trading period
- 4 months
- Minimum annual turnover
- $144,000
- Application speed
- 10 Minutes
- Approval speed
- within 1 hour
- Funding speed
- from 3 hours
- Extra repayments allowed
- yes
- Redraw allowed
- no
- Other benefits
- Daily repayments available.
- Other restrictions
- Fast Business Loans for amounts up to $500,000 are funded in 3 hours, Small Business Loans can take 24 hours.
Mortgage Secured Commercial Loan
Use your property as collateral to meet your business needs. Offers repayment terms up to 30 years for residential security and 15 years for commercial/rural security. Provides interest rates that are tailored to your business needs. Choose from Principal & Interest, Interest Only, or Interest in Advance repayment options.
Interest Rate
Upfront Fee
Funding speed
On applicationOn applicationVariesMortgage Secured Commercial Loan
Use your property as collateral to meet your business needs. Offers repayment terms up to 30 years for residential security and 15 years for commercial/rural security. Provides interest rates that are tailored to your business needs. Choose from Principal & Interest, Interest Only, or Interest in Advance repayment options.
- Interest Rate
- On application
- Upfront Fee
- On application
- Ongoing Fees
- $0
- Late payment fee
- $20.00
- Transaction fee
- $0
- Early repayment penalty
- $0 for variable loans, break cost may apply for fixed loans.
- Other fees
- On application
- Loan type
- Loan
- Security type
- Property Secured
- Minimum loan amount
- $500
- Maximum loan amount
- -
- Minimum loan term
- -
- Maximum loan term
- 30 months
- Repayment frequency
- Monthly, Quarterly, Half-yearly, Annually
- Repayment types
- Principal & Interest, Interest Only
- Minimum trading period
- Varies
- Minimum annual turnover
- Varies
- Application speed
- Varies
- Approval speed
- Varies
- Funding speed
- Varies
- Extra repayments allowed
- yes - variable loans only
- Redraw allowed
- yes - minimum $500 (variable loans only)
- Other benefits
- -
- Other restrictions
- Minimum Deposit of 20% is required for mortgages secured by residential property, 35% for commercial property and 40% for rural property. Loan term limited to 15 years for commercial or rural security.
Read reviews and learn more about Regional Australia Bank business loans
Self Managed Super Fund Loan
A loan to help your fund grow. Borrow for up to 25 years for residential properties or 15 years for commercial or rural properties. No monthly service fees, so you can save more for your retirement. Approval fee applies.
Interest Rate
Upfront Fee
Funding speed
On application$1,500VariesSelf Managed Super Fund Loan
A loan to help your fund grow. Borrow for up to 25 years for residential properties or 15 years for commercial or rural properties. No monthly service fees, so you can save more for your retirement. Approval fee applies.
- Interest Rate
- On application
- Upfront Fee
- $1,500
- Ongoing Fees
- $0
- Late payment fee
- $20.00
- Transaction fee
- $0
- Early repayment penalty
- $0
- Other fees
- On application
- Loan type
- Loan
- Security type
- Property Secured
- Minimum loan amount
- $100,000
- Maximum loan amount
- -
- Minimum loan term
- -
- Maximum loan term
- 25 months
- Repayment frequency
- Monthly
- Repayment types
- Principal & Interest
- Minimum trading period
- Varies
- Minimum annual turnover
- Varies
- Application speed
- Varies
- Approval speed
- Varies
- Funding speed
- Varies
- Extra repayments allowed
- yes
- Redraw allowed
- no
- Other benefits
- -
- Other restrictions
- Minimum Deposit of 20%-30% is required for mortgages secured by residential property, 35% for commercial property and 50% for rural property. Loan term limited to 15 years for commercial or rural security.
Read reviews and learn more about Regional Australia Bank business loans
Mozo provides general product information. We don't consider your personal objectives, financial situation or needs and we aren't recommending any specific product to you. You should make your own decision after reading the PDS or offer documentation, or seeking independent advice.
While we pride ourselves on covering a wide range of products, we don't cover every product in the market. If you decide to apply for a product through our website, you will be dealing directly with the provider of that product and not with Mozo.