Ledger. Australian venture funding, tracked

Company

Bendigo and Adelaide Bank

Coverage

Stories naming Bendigo and Adelaide Bank. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.

Series B $37m

Small business lender Avenue is off its banking P plates

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.

2 deals

ASX-listed Earlypay to acquire Melbourne fintech Timelio for $3 million – a quarter of the $12.5m investors poured into it

Earlypay, an ASX-listed lender, is buying Timelio, a Melbourne invoice and trade finance provider, for $3 million — a fraction of what its shareholders previously invested.

3 deals

Founders depart fintech Timelio as it raises $7.5 million

Invoice-financing firm Timelio's founding couple have stepped down as a shareholder rights issue raised $7.5 million, with a new chief executive appointed; the piece also recalls earlier backing and a bank unit purchase.

Also Australian FinTech·Techboard·Startup Daily

4 deals

Neobank Volt is shutting down after failing to find fresh capital

Startup Daily reports neobank Volt is winding up, returning deposits and selling its mortgage book after a failed capital raise, recapping earlier raises by Judo Bank and Alex plus past neobank failures and acquisitions.

Also Startup Daily

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