Founder, Payok Holdings Pty Ltd
Stories naming Colin Porter. 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.
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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.
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.
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