Avenue Bank has raised funds by way of ordinary shares via a Series B funding round
Avenue Bank has raised funds to launch next-generation business banking solutions. Amongst the backers of the business, Liberty Financial Group made a strategic investment in Avenue. Liberty is a leading finance group in Australasia and has helped over 500,000 households and SMEs.
Founded in 2018, Avenue Bank is a new neobank targeting Australian SMEs, primarily those with revenues of between US$0.5–15 million. It will focus on the bank guarantee market, bringing an insurance approach to provide its customers with working capital at attractive rates. Avenue Bank aims to unlock opportunities for businesses by providing innovative financial solutions to allow them to back their own future. Founded by Colin Porter and Dale Hurley, the company has also recruited a tier 1 banking management team and a strong board led by Stephen Rix, Chairman of Bennelong Funds Management.
Oaklins’ team in Australia acted as the arranger and assisted Avenue to raise US$27 million.
Sprechen Sie mit dem Deal Team
Managing DirectorMelbourne, Australien
SulAmérica and Rede D’Or São Luiz have announced a combination
SulAmérica (B3:SULA11), a leading insurance company in Brazil, has announced a combination with Rede D’Or São Luiz S.A. (B3:RDOR3), the largest Brazilian hospital network. The companies had a combined market value of approximately US$21 billion on 18 February 2022.Mehr erfahren
Matera has acquired a majority stake in Onidata Tecnologia
Matera has acquired a majority stake in Onidata Tecnologia.Mehr erfahren
Frediani has been acquired by The Florence Group
The Frediani family have sold Frediani S.r.l. to The Florence Group.Mehr erfahren