Avenue Bank awarded a restricted banking licence
Digital SME bank Avenue Bank has received a restricted ADI licence from APRA, counts Liberty Financial Group among its backers, and has appointed Steve Kinsella as chief financial officer.
Company
Melbourne, VIC
Every investor coverage indicates participated in a round Liberty Financial Group raised.
Companies Liberty Financial Group 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 |
|---|---|---|
| Sherman Ma | Founder | Startup Daily (4 Mar 2024), Startup Daily (7 Sep 2021) |
| James Boyle | CEO | Australian FinTech |
Stories naming Liberty Financial Group. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Digital SME bank Avenue Bank has received a restricted ADI licence from APRA, counts Liberty Financial Group among its backers, and has appointed Steve Kinsella as chief financial officer.
Sydney neobank Avenue Bank has received a restricted banking licence from APRA, letting it lend working capital to small businesses, with a full licence targeted for mid-2022.
Also Startup Daily