Business challenger bank Judo Bank is set to jump aboard the digital banking train expecting to officially be granted its banking licence this week, as revealed by Judo Capital co-CEO Joseph Healy at the AltFi Australia Summit 2019 in Sydney yesterday (15 April).
Despite only launching a little over one year ago, this Aussie fintech lender for small to medium-scale Aussie businesses has big ambitions and is soon to become an Authorised Deposit-taking Institution (ADI).
At this stage, Judo Capital specialises in business lending solutions, but be sure to keep an eye out for its new retail deposit product which is expected to drop soon.
For now, the neobank offers business loans, lines of credit, equipment loans, finance leases and home loans, plus, with loan amounts ranging from $250,000 to $5,000,000, not to mention, its unique monthly base rate repricing strategy.
Judo Capital is part of a new wave of up and coming fintechs like Athena Home Loans and 86 400, who are changing the game with innovative approaches to banking and lending, and super competitive rates.
If the news on Judo Capital has suddenly sparked your interest in online banking, then you’re going to want to head over to our Fintech hub where you can check out the latest fintech news or read up on some of our online banking guides.