Investor · 1 deal
Every published round National Australia Bank 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 |
|---|---|---|---|---|---|---|
| SocietyOne | Venture debt | 11 Feb 2020 | $100m | Participant | Australian FinTech (Tue 11 Feb 2020), SmartCompany, Startup Daily, Australian FinTech (Mon 10 Feb 2020) |
Companies National Australia Bank has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| SocietyOne | 11 Feb 2020, Venture debt | 1 | 0 |
Fund closes reported for National Australia Bank, as distinct from the investments it has made.
Companies National Australia Bank has backed that another company then bought. An exit for the holding, not a deal National Australia Bank did.
| Name | Role | Sources |
|---|---|---|
| Gerd Schenkel | Executive (former) | Australian FinTech |
Stories naming National Australia Bank. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Sandon Capital's founder criticises Treasury's proposed proxy adviser reforms as protecting underperforming directors, and cites voting data arguing shareholder revolts are rare despite claims of an unruly advisory industry.
Australia's competition regulator approved NAB's $220 million takeover of neobank 86 400, while warning the decision sets no precedent and that future bank-fintech mergers reducing competition could be blocked.
A Melbourne debt-recovery fintech says it will push ahead with a planned sharemarket float and offering, which would value it at several times revenue, as pandemic conditions boost demand for digital bill collection.
Symple Loans has closed an $11 million Series C round led by existing shareholders, with new investors Costa Asset Management and Welas Investment Fund, to fund growth and cut loan capital costs.
Also Australian FinTech
Cognizant has agreed to buy cloud consulting firm Contino for an undisclosed sum, aiming to strengthen its cloud services, with the deal expected to complete in late 2019 pending approvals.
New Zealand chatbot platform Ambit has raised NZ$1.75 million from Lewis Holdings and K1W1 to grow into Australia and the US. The piece also covers UBank's new AI assistant Mia, built with FaceMe.
A 2019 technology outlook drawn from NAB's Business View, noting startup Sourcr's fundraising for its AI recruitment platform, Pymetrics' planned Australian launch, and Crop One's vertical farming venture in Dubai.
Payment terminal maker Poynt raised a US$100 million Series C, with NAB Ventures joining Elavon among investors. NAB Ventures general partner Melissa Widner also joined Poynt's strategic advisory board as part of the deal.