Squirrel is a 100% Australian owned fintech, with an innovative SMSF platform that allows clients from every state and territory in Australia to self manage their super funds and take control of their finances. We’re not a bank, or a superfund, nor or are we financial advisers. We set up this platform because our team knew there was a better way for people to manage their super fund without paying extortionate fees for the privilege.
Back in April 2014, the Grattan Institute ‘Super Sting’ report detailed how Australians were paying eye-watering amounts in fees and expenses for their superannuation totalling $20 billion. Over their lifetime, an average 30 year old will lose more than $250,000, or over a quarter of their total super balance because of these unfair fee structures. The worst part is, that this money isn’t necessarily down to bad investments, it’s because of the hidden commissions, rebates and kick-backs involved in the fees. Further still, the report highlighted that fund managers who charged the highest fees were delivering the lowest net returns. The whole system desperately needed someone to come and shake the tree and so that’s what we did…
You see, the Grattan Report was just the push our Founder, Damien needed to launch a fairer way for Australians to manage their superfunds and so the Squirrel SMSF platform was born in late 2014.
The Squirrel platform helps users grow their superfund independently, with low set-up fees and absolutely zero commissions, kick-backs or rebates to anyone. The software allows you to keep track of your super and investments in one place, is entirely online and accessible at any time you want to see it. The best part is, the platform has been entirely developed in Australia by our internal team of software engineers, product and financial education specialists.
Self-managed super funds are one of the most popular ways for Australians to invest their retirement savings and from humble beginnings, through national TV and Radio campaigns, Squirrel has now become one of the leading, 100% Australian owned and non-bank SMSF companies.
From very humble beginnings, Squirrel now a leading 100% Australian owned non-bank financial organisation with clients in every state and territory of Australia.
Damien is passionate about empowering and educating everyday Australian’s to take control of their savings, retirement and ending the legacy of astonishingly high fees that make Australia’s retirement system one of the most expensive on Earth.
He has co-presented hundreds of weekly radio programs on 2UE, 2GB, 4BC assisting listeners and callers with financial questions and is a regular media commentator called upon for expert comment on financial topics.
Prior to Founding Squirrel, Damien held a number of senior positions including State, National and General Management roles with some of Australia’s largest Banking and Wealth Management organisations; Damien is a member of the Australian Institute of Company Directors and has a MBA from Southern Cross University
Meet more of our Executive Team
There is no one kind of Squirrel, so we’re always looking for people who can bring new perspectives and life experiences to our teams. If you’re looking for a place that values your curiosity, passion, and desire to learn then Squirrel might just be the place you’ve been looking for. Our team members are big thinkers eager to take on fresh challenges – we’re often David in the Goliath battle; the little guy doing the right thing for consumers and the one the big banks hate.
Chief bean counters, lovers of pricing, credit, funding, governance and investor relations.
Work with Tech and Support teams to create, build and spread the story of our intuitive services
Develop the products and services of the future that satisfy our quest for customer ease
Equip our customers with the right tools, education and support to help them succeed
Squirrels are really chatty animals, so we love to share our stories on financial information, brilliance in software development and amazing nut recipes to help others along their journey.
We have a number of experienced people who can provide TV, radio and press interviews, podcasts, videos, blogs and content for stories along with customer case studies.
For all media enquiries, questions or comments please contact our communications team:
Tel 02 8234 0111 Mob 0404 310 364
Squirrel debut’s on the Australian Financial Review’s Fast Starters list, as the 78th fastest growing business in Australia under five years old!
Squirrel Limited is pleased to announce its inclusion in the list of Australia’s 100 fastest growing businesses less than 5 years old – ranking #78 in our debut year as an AFR Fast Starter.
The business has come a long way from it’s beginnings in May 2014, when I decided to leave the bank and build something special. Squirrel is a business that has always had the ability to assemble the best talent available, build intuitive software to drive business efficiency and customer engagement and one that would never settle by being a ‘me too’.
We empower everyday Australians to take control of their financial future through technology, products and services that are 100% clean of kick-backs, commissions and hidden fees.
In receiving the honour of being included in the Fast Starters, I want to reflect on our amazing team in particular, James Burr – Head of Business Growth and Darralyn Murray – Head of Operations who drive the core SMSF business and enable our continued strong revenue growth. James and Darralyn who joined in September 2015 and Feb 2016, have made an incredible contribution to our business. They lead our two most important client facing functions and are the friendly faces who lead our teams that ensure Squirrel customers receive service on levels a bank or institution could never match.
In 2018 Squirrel will launch a series of incredible new products and services all with our same DNA. The first of which is a unique first home owner loan product that marries our expertise in Superannuation with residential property loans and will together make the dream of home ownership a reality for many more Australian’s who find the current east coast entry point simply impossible.
Lastly, thank you to all our customers, investors and most importantly our team. Together we have build something really special and today’s acknowledgement is something to be really proud of.
Sincere regards and thanks again for your continued support.
Damien Linn, CEO
Squirrel Super leads the SMSF market with flexibility and efficiency. Squirrel’s open API technology allows Squirrel Super to offer its clients a market-leading SMSF experience that features flexibility and efficiency.
“Squirrel allows you to control your own money,” says its Chief Technology Officer, Jamie Strauss. “We provide direct, up-to-the-second balances on your accounts. Our platform provides the ability to understand how much your share portfolio is worth and how much it’s changed on a day-to-day basis, which hasn’t been the traditional model.”
Squirrel Limited the owner of Squirrel Super, launches a national TV advertising program across the Foxtel and Seven Networks. Squirrel’s campaign is designed to explain how SMSF with the assistance of great technology can be simple and easy for everyday consumers to establish and operate. You can see our new TV ads on 20 of Foxtel’s stations including Lifestyle, Discovery, Fox 8, Sky News and Nat Geo plus Seven’s primary and digital channels 7two, 7flix and 7mate from September.
If you can’t wait, check out these on Squirrel’s vimeo channel: www.vimeo.com/squirrelsuper
Squirrel’s CEO, Damien Linn was fortunate enough to represent Aussie Fintech businesses during the Australia Week in China program hosted by Austrade. Presenting to a combined delegation of thousands of Australian and Chinese business in Shanghai, Damien explained the importance of technology in the rapidly changing financial services sector, and the critical importance of building for consumers first, then focusing a business model to support consumer first philosophy.
Squirrel Super (part of Squirrel Limited) is an Australian-owned-public company and leading non-bank fintech with clients in every state and territory of Australia. As a digital disrupter, Squirrel delivers customer engagement on a level the banks can’t match, distributing a range of financial services and products that are 100% clean of commissions, kick-backs and rebates. Since launch in 2014, the business has experienced strong organic customer growth along with the successful integration of aligned acquisitions.
During the initial design phase of every single Squirrel product or service, the following criteria must be satisfied:
Squirrel Limited is scheduled to list on the ASX via an initial public offer (IPO) in the first half of 2018.
|Squirrel acquires insurance business||15/09/16|
|Hong Kong office established||15/09/16|
|Research & Development grant||15/09/16|
|Building the first Australian loan program in 15 years||15/09/16|
|The fast-paced world of Squirrel – Macquarie Bank||13/10/16|
|Squirrel launches $300m SMSF Loan Product||05/09/17|
|Squirrel – Named one of Australia’s Faster Growing Businesses||08/11/17|
Squirrel’s share register is maintained by Link Market Services Limited.
This section is open to Squirrel shareholders only, and may be accessed using your Security Reference Number (SRN) which is available on your holding statements.
Shareholders can access the Link Investor Centre, to:
Link Market Services Limited
Level 12, 680 George Street
Sydney NSW 2000 Australia;
Locked Bag A14,
Sydney South NSW 1235
Phone: 1800 177 747
Chief Financial Officer
Phone: +61 2 8823 7912
Squirrel is an Australian Financial Services Licensee that supports everyday Australians manage their own superannuation through amazing technology and education.
Squirrel Superannuation Services Pty Ltd ABN 87 169 366 750 is the holder of AFSL and Australian Credit License number 462160 and is a wholly owned subsidiary of Squirrel Limited ABN 64 605 835 514, A.C.N 605 835. Any advice on this website does not take into account your objectives, financial situation or needs and you should consider whether it is appropriate for you. You should consider the relevant Product Disclosure Statement and the Financial Services Guide available at squirrelsuper.com.au when deciding whether to acquire, or to continue to hold, a product.
Testimonials appearing on this site were obtained from Squirrel customers, mostly in September 2016. They are individual experiences of customers that have used our products and/or services. We do not guarantee that they are typical results that consumers will generally achieve. Testimonials are not necessarily representative of all those who will use our products and/or services.
Information is current as at 21 September 2016 and is subject to change.