News
Alex Bank to give Keynote at 10th Annual FinTech Summit
Alex Bank founder Simon Beitz will deliver the opening keynote at October's FinTech Summit in Sydney; the piece recaps the neobank's licence, products and growth since launch.
Startup · $20m raised
Alex Bank
Funding history
-
Series C : $20,000,000
Investors
Every investor coverage indicates participated in a round Alex Bank raised.
| Investor | Rounds | Invested |
|---|---|---|
| Regal Funds Management | Series C | - |
| SG Hiscock | Series C | - |
| Washington H, Soul Pattinson | Series C | - |
| Wunala Capital | Series C | - |
What Alex Bank bought
Companies Alex Bank acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
People
| Name | Role | Sources |
|---|---|---|
| Alex Twigg | Non-Executive Director | Australian FinTech |
| Andrew Peng | State Manager for Broker Partnerships, Victoria | Australian FinTech |
| Craig Fenwick | CFO · Founder | Australian FinTech (Mon 7 Feb 2022), Australian FinTech (Fri 17 Sep 2021) |
| Greg Moynihan | Chair | Australian FinTech |
| Jeff Nel | Chief Operations Officer | Australian FinTech |
| Kathy Ostin | Non-Executive Director | Australian FinTech |
| Oyishi Haque | Business Development Manager for NSW/ACT | Australian FinTech |
| Sascha Hunt | Chief Growth Officer | Australian FinTech (Fri 14 Apr 2023), Australian FinTech (Mon 7 Feb 2022) |
| Simon Beitz | Founder & CEO | Australian FinTech (Tue 5 Sep 2023), Australian FinTech (Mon 20 Mar 2023), Australian FinTech (Mon 7 Feb 2022), Australian FinTech (Fri 17 Sep 2021) |
| Steven Degetto | Chief Commercial Officer | Australian FinTech |
Coverage
Stories naming Alex Bank. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Key hire
Alex.Bank continues to expand with the appointment of NSW/ACT BDM as it reports growth of 220% in the April quarter
Digital lender Alex.Bank hires Oyishi Haque as business development manager for NSW/ACT, citing strong quarterly growth in settlement values and the recent full launch of its secured personal loan product.
Key hire
Alex.Bank appoints new State Manager as broker channel expansion grows
Alex Bank has hired Andrew Peng as Victorian State Manager for broker partnerships, as the digital lender reports most new loan originations now flow through brokers.
2 deals
Alex Bank taps market for $20M to accelerate growth with new ADI status firmly in place
Alex.Bank has announced a new equity raise targeting $20 million at a $130 million valuation, following its 2022 raise and recent ADI licence receipt, to fund lending and deposit growth.
26 deals
FUNDED August 2022
Techboard's monthly roundup tallies August 2022 private funding at $207m across 22 deals, listing the month's raises, BlackRock's acquisition of Akaysha Energy, One Click Life's reverse takeover listing, and several fund closes.
Also Startup Daily
Unnamed stage
US$750m
Australian fintech investment rebounds: KPMG Pulse of Fintech
KPMG's half-yearly fintech report finds Australian fintech funding rebounded in 2021, recapping local raises, listings and acquisitions alongside record global deal figures and a bullish outlook for 2022.
Exit / M&A
Corporate M&A activity buoys Australian fintech sector: KPMG Australian Fintech Landscape 2021
KPMG's Fintech Landscape 2021 counts 718 active Australian fintechs and highlights record corporate M&A, including NAB buying 86 400, Latitude buying Symple Loans and Square's pending Afterpay takeover.
Series C
$20m+
Alex Bank raises over $20 million in Series C funding
Digital lender Alex Bank closed a Series C round over $20 million at a valuation above $120 million, adding new backers including Washington H. Soul Pattinson, and appointed a chair and two directors.
Also SmartCompany·SmartCompany·Australian FinTech·Australian FinTech
Series B
$37m
Australia has a new neobank for small business lending
Sydney neobank Avenue Bank has received a restricted banking licence from APRA, letting it lend working capital to small businesses, with a full licence targeted for mid-2022.