News
Company announcements and media releases
News
Neobank targets a big gripe of small business – locked-up cash
Fintech start-up Avenue Bank has created an innovative product for the business banking market that will seek to unlock almost $10 billion of small business cash tied up in bank guarantees used to secure commercial leases.
Australian Financial Review
24 Jan '23
3 mins
News
Avenue Bank halves its capital raising target and cuts cost of share buy-in on offer
26 Apr '23
3 mins
Avenue Bank, backed by Liberty Financial, aims to raise $5M instead of $10M. "Challenging environment brings opportunities." Avenue Bank seeks to disrupt the bank guarantee market by freeing up cash for small businesses and obtain full license by August.
The Australian
26 Apr '23
News
Avenue Bank Reimagines SME Business Banking with nCino
28 Sep '22
2min read
nCino, a pioneer in cloud banking and digital transformation solutions for the global financial services industry, has announced that Avenue Bank is live on the nCino Bank Operating System.
GlobeNewswire
28 Sep '22
News
Lacework and Avenue Bank partner to build cutting edge cloud foundation for launch
18 Sep '22
2min read
Lacework has announced it is partnering with Avenue Bank to help build its platform securely in the cloud from the start.
Lacework
18 Sep '22
NEWS
Avenue Bank’s innovative product offering
09 Feb '22
2min read
Customer centric technology is at the heart of Avenue Bank – having partnered with Brilliance Financial to create an innovative product offering enabling Avenue to move at pace for its customers.
Australian Fintech
09 Feb '22
News
Avenue Bank to raise $12m in fresh capital, eyes Judo’s success
08 Nov '21
2min read
Avenue Bank, the country’s newest start-up bank, is raising fresh capital to fund it through to getting a full licence, which it expects by June 2022, as it eyes Judo Bank’s success in targeting small businesses unsatisfied with major banks.
AFR
08 Nov '21
News
Avenue Bank bets big on cloud, outlines roadmap to full banking licence
29 Sep '21
3min read
Australia’s prudential regulator, APRA, has given digital-only upstart Avenue Bank the green light to commence its operations offering short-term financing to small businesses, with plans underway to obtain a full banking license by next year.
FST Media
29 Sep '21
News
SME lender Avenue Bank granted restricted banking licence
08 Sep '21
3min read
Avenue Bank, a digital business bank with plans to shake up the SME lending sector, has been granted a restricted banking licence by the Australian Prudential Regulation Authority (APRA).
Mozo
08 Sep '21
News
APRA approves new business bank Avenue
08 Sep '21
4min read
Avenue Bank has received the prudential regulator’s approval to offer short-term working capital finance to small businesses overlooked by the major banks, in a market set to exceed $20 billion in a few years.
AFR
08 Sep '21
News
Digital-first Avenue Bank gets licence to offer short-term finance to small businesses
08 Sep '21
3min read
The prudential regulator has given Australian business lender Avenue Bank the green light to offer short-term finance to small businesses.
SmartCompany
08 Sep '21
News
New Avenue for banking as licence granted
08 Sep '21
3min read
The prudential regulator has granted Avenue Bank a licence to operate as ...
The Australian
08 Sep '21
Announcement
Avenue Bank is awarded a restricted banking licence
07 Sep '21
2min read
The company is one of the first recipients to receive a restricted banking licence since the Australian Prudential Regulation Authority (APRA) recommenced licensing.
07 Sep '21
News
The CDO and the board
31 Aug '21
4min read
The chief data/digital officer role has risen in prominence in the past decade to manage the business side of digital technologies, but as seasoned cdos explain, boards still have plenty to learn about getting digital transformation right.
AICD Magazine
31 Aug '21
Announcement
Fintech Avenue closes $37m to launch next-gen business banking solutions
24 Feb '21
2min read
Australian fintech Avenue, is gearing up to launch a digital first business bank after closing its $37m Series B funding round.
24 Feb '21
News
Instant credit might be a better bet for small business
19 Jul '20
3min read
The Morrison government is extending a subsidised credit scheme for SMBs. Australian fintech is instead banking on the idea it can provide more targeted assistance for small businesses.
afr.com
19 Jul '20
News
A new Avenue is opening up for Australian businesses
16 Jul '20
9:22min video
Fintech Aveue is launching a Series B funding round to build its challenger bank. CEO George Confos says it's an exciting time and big things are coming.
ausbiz.com.au
16 Jul '20
Announcement
Avenue announces new CEO to boost launch of SME bank
14 Jul '20
3min read
Avenue, a rapidly-scaling Aussie fintech, building a dedicated business bank, to open their Series B funding round led by KPMG.
14 Jul '20
News
KPMG kicks off funding search for fintech Avenue
13 Jul '20
3min read
Small business finance contender Avenue is ramping up its pitch to take on the big Australian banks, hiring KPMG Corporate Finance to kick off a series B funding round.
AFR
13 Jul '20
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© Avenue Bank Ltd ACN 628 073 085
Avenue Bank Ltd ACN 628 073 085, AFSL 520239, is authorised by the Australian Prudential Regulation Authority (APRA) to operate under a Restricted Authorised Deposit-taking Institution licence until 7 March, 2024. Under this restricted licence we are not required to meet the full ADI prudential framework and we will not be offering banking products to the general public. Further information regarding Avenue's restricted Banking Authority is available at www.avenuebank.com.au/radi. Further information on the Financial Claims Scheme is available at www.avenuebank.com.au/fcs.
Avenue Bank acknowledges and pays respect to the past, present and future Traditional Custodians and Elders of this nation and the continuation of cultural, spiritual and educational practices of Aboriginal and Torres Strait Islander peoples.