Startup · $78.5m raised
North Sydney, NSW
Every investor coverage indicates participated in a round Volt Bank raised.
| Investor | Rounds | Invested |
|---|---|---|
| Collection House | Unnamed stage | - |
Companies Volt Bank acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
| Name | Role | Sources |
|---|---|---|
| Jill Berry | Startup Daily, Australian FinTech | |
| Maria Loyez | Chief Customer Officer (former) | Australian FinTech |
| Shane Doolan | Startup Daily, Australian FinTech | |
| Steve Weston | CEO & Co-founder | SmartCompany (Thu 18 Feb 2021), Australian FinTech (Mon 20 Jan 2020), SmartCompany (Wed 23 Jan 2019), Australian FinTech (Wed 23 Jan 2019) |
Stories naming Volt Bank. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Payments firm Fat Zebra has acquired open-banking platform Adatree, price undisclosed, with all staff moving across; the piece also recalls Adatree's 2021 seed round and the sector's slow consumer-data-right progress.
Also Fintech News Australia·Australian FinTech·Fintech News Australia·Fintech News Australia
Australian Consumer Data Right platform Adatree closed an oversubscribed second funding round, drawing re-investment from existing backers and new investors including Aconex's co-founders' family offices and MoneyPlace's founder.
Also Techboard
Australian neobank Volt Bank is shutting down its deposit-taking business, returning customer deposits by early July 2022 and giving up its banking licence, with APRA monitoring the wind-down.
Also Startup Daily
Techboard's March 2022 roundup of Australian funding: megadeals by Immutable, Saluda Medical, Linktree and Zeller, many smaller raises, acquisitions, an IPO, several fund closes, and companies still seeking capital.
Open banking platform Adatree has closed a $1.2 million seed round, nearly three times oversubscribed, with investors including Tyro figures, Equity Seed, Eleanor Ventures' founders and Angus McBean joining its share register.
Also Startup Daily·Cut Through Venture·Startup Daily·SmartCompany·Startup Daily·Australian FinTech
SendGold has appointed Maria Loyez, formerly a marketing executive at Volt Bank, SocietyOne and OFX, as Chief Customer Experience Advisor ahead of its global launch.
Techboard's periodic funding analysis reports record Australian startup funding in March and April 2020, driven by large neobank raises, while declining deal counts suggest an emerging Covid-19 downturn.
Volt Bank has completed an oversubscribed $70 million Series C, lifting its total equity funding to $100 million, with a planned ASX listing and a Series D raise ahead.
Also Techboard
Profile of Brisbane savings-app startup SavR: its leadership, early pitch-competition win and backing from a private equity investor, and its in-progress seed raise seeking an Australian VC partner.
Volt Bank gained a full banking licence and took an $8.4 million investment from debt collector Collection House, which will also refer customers to Volt's money-management tools.
Also Australian FinTech
A year-end roundup of Australia's largest 2018 startup capital raises, covering Judo Capital, Deputy, Airwallex, Inflazome, SafetyCulture, Culture Amp, Canva, Havven, Athena, Ansarada and Data Republic, with investors and earlier rounds recalled.
Also Startup Daily·Techboard·SmartCompany·SmartCompany·SmartCompany·Startup Daily·Startup Daily·SmartCompany·Startup Daily·Techboard·Techboard·SmartCompany·SmartCompany·SmartCompany·Forbes Australia·Crunchbase News·Wholesale Investor