JUDO BANK
As Judo Bank continues to expand its business , the company ’ s CIO tells us how it is connecting with its customers
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J udo Bank was established to serve small and medium enterprises ( SMEs ) lending needs , and has recently been granted a full banking licence that will allow it launch full deposit-taking capabilities . Alex Twigg , co-founder and Chief Information Officer , helped launch the business as the first challenger business bank in Australia . The company “ Like most start-up businesses , Judo started as wishful idea that we ’ d discuss informally — I don ’ t think any of the founders imagined how fast it would take hold ,” reveals Mr Twigg .
“ It ’ s been a rollercoaster ride that has exceeded all of our expectations . We initially raised around AU $ 20m worth of seed capital to get the business launched , then followed that with an AU $ 120m Series A funding round -the second largest pre-revenue raising for a start-up in Australian corporate history .”
Judo Bank ’ s ‘ judo strategy ’ outmaneuvers the incumbent banks by using the nimbleness of its
MAY 2019