Company
Sydney, NSW
Every investor coverage indicates participated in a round Avenue Bank raised.
Companies Avenue Bank acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
Stories naming Avenue Bank. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Avenue Bank, a Sydney lender to small businesses, has obtained a full banking licence from APRA, 18 months behind schedule; the article recalls its $37m Series B, Liberty's backing, and neobank failures and sales.
Colin Porter, who founded CreditorWatch, has launched PayOK, an invoice-verification tool, backed by a $3 million oversubscribed round led by Nightingale Partners; the piece also recalls hedge fund Levitas Capital's collapse after fraud losses.
PayOK, a platform verifying bank details to stop invoice fraud, raised a $3 million Series A led by Nightingale Partners at a $10 million valuation; founder Colin Porter previously started CreditorWatch and Avenue Bank.
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Nightingale Partners' blog records its October 2020 investment, alongside Phoenix Development Fund, in PayOK, a payments-verification venture from CreditorWatch founder Colin Porter, with Lindsay Phillips joining PayOK's board.
Nightingale's post announcing its participation in Avenue's 2019 Series A, profiling the SME-focused neobank's leadership team and recalling founder Colin's earlier credit bureau, since acquired by InfoTrack.