Judo Capital: Secured full banking license

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Judo Capital: Secured full banking license

Judo Capital: Secured full banking license from the Australian Prudential Regulation Authority 

  • Judo becomes Australia’s first SME-focused challenger bank to get Aussie license
  • They focus on serving SMEs with annual turnovers of up to $20 mn, launched in 2018
  • Last year Judo raised $140 mn and secured a $350 mn credit line from Credit Suisse
  • The bank will be launching deposit products, starting with term deposits and notice accounts for business, consumers, and wholesale depositors
  • They provide an opportunity for businesses and the broader community to support business funding at competitive rates