Skip to content
Tongesy
All investments
Flyweel

Flyweel

Financial infrastructure for advertising spend, combining ad budget controls, spend cards and ad financing.

Private company
Sector
Fintech
Based in
Brisbane, Australia
Founded
2025
Invested
Jun 2026

Flyweel builds financial tools for businesses that rely on performance marketing. Its platform connects advertising performance data with finance, giving growth and finance teams real-time control over ad budgets, spend cards and bill payments in one place.

Its Performance Capital product funds advertising spend upfront, with repayments made as the resulting revenue comes in, so companies can keep campaigns running without tying up working capital.

Flyweel was founded in Brisbane in 2025 by Reuben Scheckter and Matteo Calo, who met through the Antler program. The company raised a pre-seed round led by Ten13, with participation from Antler and QIC.

Visit flyweel.co

From the notebook

All notes
  1. By the numbers

    The portfolio spans 57 years of company founding

    Intel, the oldest company on this list, was founded in 1968. Flyweel, a Brisbane ad-spend fintech, was founded in 2025. That's a 57-year gap between the oldest and newest holdings, sitting inside a portfolio of roughly 36 private companies and 28 public ones. The spread runs from half-century-old chipmakers to startups barely a year old.

    Since this note:Intel −7.8%(S&P 500 −0.1%)

  2. On the map

    The Aussie dollar slipped under 70 US cents this week

    The RBA's official rate fell from 0.6977 to 0.6933 US dollars between 30 September and 2 October. That matters for Australian holdings like AutoGrab and Flyweel, whose cloud bills from Amazon and Microsoft are priced in US dollars while their revenue sits in Aussie ones. A softer dollar also means the US-heavy public basket is worth more back home, even before any share price moves.

    Since this note:Amazon +1.0%Microsoft +1.0%(S&P 500 +0.6%)

Written by AI from share prices, the companies' posts and the news. Can be wrong; not financial advice.

Building something?
I write checks of up to $25k into idea-stage, pre-seed and seed startups. Pitch me your idea.
How to pitch me
Noosa Heads, Australia

Get new posts by email

I’ll only use your address to send new posts. Or follow @tongesy on X.