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.
Investor · 2 deals
Melbourne, VIC
Every published round Liberty Financial Group took part in, and every parcel of existing shares it bought off another holder. Deals we hold but haven't published yet are not counted.
| Company | Stage | Announced | Amount | Role | Alongside | Sources |
|---|---|---|---|---|---|---|
| Avenue Bank | Series B | Feb 2021 | $37m | Participant | Startup Daily (Mon 4 Mar 2024), Australian FinTech, Startup Daily (Tue 7 Sep 2021) | |
| Moula | Series D+ | 9 Dec 2019 | $20m | Participant | Startup Daily, Australian FinTech |
Companies Liberty Financial Group has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| Avenue Bank | Feb 2021, Series B | 1 | 0 | |
| Moula | 9 Dec 2019, Series D+ | 1 | 0 |
Fund closes reported for Liberty Financial Group, as distinct from the investments it has made.
Companies Liberty Financial Group has backed that another company then bought. An exit for the holding, not a deal Liberty Financial Group did.
Stories naming Liberty Financial Group. 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.
Moula has closed a $20 million Series D round led by wealth manager Escala Partners, with existing shareholders Liberty Financial and Acorn Capital also allocating, after strong 2019 loan book growth.
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