Avenue Bank awarded a restricted banking licence
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.
COO · Founder, Avenue Bank
Stories naming Dale Hurley. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
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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