Ledger.

Investor · 1 deal

Citibank

Coverage

Stories naming Citibank. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.

Exit / M&A

Japanese giant MUFG buys HESTA’s superannuation administrator Grow Inc

MUFG's pensions arm has struck a binding agreement to acquire Grow Inc, a Sydney-founded superannuation administration startup whose shareholders — among them HESTA, Five V Capital and AirTree Ventures — must still approve the deal.

Also AFR Technology·This Week in Australian Startups

Funding announcement

Constantinople co-founder Di Challenor on the power of grit and how she pulled off the largest seed round raise in Australia

Interview with Constantinople co-founder Di Challenor on her banking career and the record $32 million seed round she and Mac Duncan raised from Square Peg, Airtree and Great Southern Bank.

Series A US$29m

Volopay strengthens its leadership team with the hire of Nirvikar Jain

Volopay appoints Nirvikar Jain as Global Business Officer to drive its Australian expansion, and the piece recalls the company's US$29 million Series A backed by JAM Fund, Winklevoss Capital, Rapyd Ventures and others.

Also Australian FinTech

Funding announcement

Investment notes: Airwallex US$6m Series A+

Square Peg looks back on putting US$6 million into Airwallex's Series A+ alongside Tencent, Sequoia China, Gobi Partners and MasterCard, explaining why cross-border payment infrastructure needs fixing.

2 deals

Investment Notes: Forage

Blackbird's investment note announcing it led Forage's US$25 million Series B alongside Lightspeed, Funders Club and new backers, with Tom Humphrey joining the board, plus a profile of Forage's preskilling platform.

Also Startup Daily·Startup Daily·Startup Daily·Forbes Australia

3 deals

Fintech Spriggy banks $35 million series B led by NAB Ventures

Pocket money app Spriggy has secured a $35 million Series B, led by NAB's venture arm alongside Perennial and returning backer Grok, to fund growth including tripling headcount.

Also Startup Daily

4 deals

Judo Bank secures $230 million and unicorn status, as COVID-19 changes the tide of SME banking

Australian SME lender Judo Bank has closed a $230 million raise from existing backers, reaching a billion-dollar valuation; the piece also recalls its record 2019 raise and recent credit facilities.

Also Australian FinTech·Startup Daily·SmartCompany·SmartCompany·Techboard·SmartCompany·SmartCompany·SmartCompany·Startup Daily·Startup Daily·Startup Daily·SmartCompany·SmartCompany·Australian FinTech·Australian FinTech·Crunchbase News

5 deals

Challenger bank Judo says it will lend $1 billion to SMEs by the end of 2019

Melbourne challenger bank Judo raised a record A$400 million Series A, drawing new offshore backers Bain Capital Credit and Tikehau Capital, and aims to lend $1 billion to small businesses by Christmas.

Something wrong? Tell us