Startup · $37m raised
Sydney, NSW
Every investor coverage indicates participated in a round Avenue Bank raised.
| Investor | Rounds | Invested |
|---|---|---|
| Liberty Financial Group | Series B | - |
Companies Avenue Bank acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
| Name | Role | Sources |
|---|---|---|
| Colin Porter | Founder | Startup Daily (Mon 4 Mar 2024), SmartCompany, Startup Daily (Mon 29 Nov 2021), Nightingale Partners (Sun 31 Oct 2021), Australian FinTech (Wed 8 Sep 2021), Startup Daily (Tue 7 Sep 2021), Australian FinTech (Wed 15 Jul 2020), Nightingale Partners (Fri 31 May 2019) |
| Charlotte Middleton | CRO | Nightingale Partners |
| Dale Hurley | COO (former) · Founder | Startup Daily (Mon 4 Mar 2024), Australian FinTech (Wed 8 Sep 2021), Startup Daily (Tue 7 Sep 2021), Australian FinTech (Wed 15 Jul 2020), Nightingale Partners |
| Jacqui McPherson | Chief Technology Officer | Australian FinTech |
| Raf Uy | Chief Financial Officer | Australian FinTech |
| Steve Kinsella | Chief Financial Officer | Australian FinTech |
| Rafael Uy | CFO | Nightingale Partners |
| George Confos | CEO | Australian FinTech (Wed 8 Sep 2021), Startup Daily, Australian FinTech (Wed 15 Jul 2020) |
| Peita Piper | CEO | Startup Daily, Australian FinTech |
| Ji Hee Moon | Acting Chief Risk Officer | Australian FinTech |
Stories naming Avenue Bank. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Colin Porter, who founded CreditorWatch, has launched PayOK, an invoice-verification tool, backed by a $3 million oversubscribed round led by Nightingale Partners; the piece also recalls hedge fund Levitas Capital's collapse after fraud losses.
PayOK, a platform verifying bank details to stop invoice fraud, raised a $3 million Series A led by Nightingale Partners at a $10 million valuation; founder Colin Porter previously started CreditorWatch and Avenue Bank.
Also SmartCompany·SmartCompany
Nightingale Partners' blog records its October 2020 investment, alongside Phoenix Development Fund, in PayOK, a payments-verification venture from CreditorWatch founder Colin Porter, with Lindsay Phillips joining PayOK's board.
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.
Weekly venture roundup covering Scalapay's giant series A, numerous Australian raises, acquisitions of Clipchamp, Paidy and CipherTrace, Houseparty's closure, crypto regulation developments, and Atlassian appointing a Cloudflare founder as director.
Digital SME bank Avenue Bank has received a restricted ADI licence from APRA, counts Liberty Financial Group among its backers, and has appointed Steve Kinsella as chief financial officer.
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.
Nightingale's post announcing its participation in Avenue's 2019 Series A, profiling the SME-focused neobank's leadership team and recalling founder Colin's earlier credit bureau, since acquired by InfoTrack.
Also Startup Daily