We Are Standing Behind Australian Businesses During COVID-19.

On 3 April 2020, the Australian Government announced an additional $500 Million of funding provided exclusively to Judo Bank, cementing our unique position. This action, in addition to the recently announced Coronavirus SME Guarantee Scheme, further empowers Judo Bank to support SMEs at this exceptionally challenging time.

We will get through this together.

Australia's Dedicated SME Business Bank.

Judo Bank is a SME challenger bank purposefully built to make it easier for Australian businesses to get the funding they need and the service they deserve.

Relationship Banking

Business Loan
Line of Credit
Equipment Loan
Finance Lease

Online Deposits

Personal Term Deposits
SMSF Term Deposits
Business Term Deposits

At Judo Bank we’re determined to give Aussie businesses a fairer go. We believe that in business, relationships matter; it’s why our business bankers take the time to truly understand you and your business, face-to-face.

A bank that likes to say yes to businesses

Australia’s first SME-focused challenger bank

At Judo Bank, we’re bringing back the craft of relationship banking to transform banking for Australia’s small and medium-sized businesses. Built from the ground up by a small group of deeply experienced and highly credentialed business banking professionals, Judo Bank is providing a genuine alternative for SMEs to secure the funding they need and the service they deserve.

$540m

Largest capital raise in Australian history

$1bn

Loans to small & medium-sized businesses

178

Judo Bank Staff

Our Solutions

We provide business lending solutions starting from $250,000 for small to medium-sized businesses. Our team of experienced business bankers are currently located in Melbourne, Sydney and Brisbane, with many more locations to come.

We are delighted to introduce the 2019 Annual Review

Our first since being granted a full unrestricted banking licence in April. So much has happened in the last twelve months, it would be an understatement to say 2019 has been a big year.

Learn more
Judo Bank 2019 Consolidated Financial Results
Click to learn more

Judo Bank, in the words of our valued customers.

“Judo was commercial in their approach, listened to my unique circumstance, and tailored a solution that exceeded my expectations."

Cole McInnes, Dealer Principal John Deere

Judo Bank in the News

7 May 2020

Stephanie Palmer-Derrien

Judo Bank secures $230 million and unicorn status, as COVID-19 changes the tide of SME banking

SME-focused neobank Judo Bank has closed a humongous $230 million funding round, making it Australia’s latest fintech unicorn, and the first of the Aussie challenger banks to reach the coveted $1 billion valuation.

The funding follows a raise open to only existing investors, including the likes of Myer Family Investments, Bain Capital Credit, and the Abu Dhabi Capital Group.

Founded in 2015 and launched in 2018, Judo started life as an alternative lender for SMEs. It secured its full banking licence in April last year, added additional banking services, and re-branded as Judo Bank.

In July last year, the fintech raised $400 million in the biggest-ever single funding round in Australian history.

7 May 2020

Simon Thomsen

SME lender Judo Bank just became a unicorn with another massive $230 million raise

Judo Bank’s existing backers have stumped up $230 million in a third round capital raise that raises the neobank’s post-money valuation to more than AU$1 billion.

The challenger bank targets lending to small to medium-sized enterprises (SMEs) and has now raised more than $770 million in capital since its launch in March 2018, including a record $400 million second-round equity raise in July last year.

Co-founder and co-CEO, David Hornery, said the global economic uncertainty caused by covid-19 meant that only existing shareholders took part in the latest capital raise.

Judo Bank’s existing investors include Bain Capital Credit, Myer Family Investments, the Abu Dhabi Capital Group, Ironbridge, SPF Investment Management, OPTrust, and Tikehau Capital.

“The support we’ve received for our third round, at an increased valuation to our second round capital raise last year, underscores the confidence and commitment our existing investors have in Judo, particularly at a time of extreme volatility in global markets, that has impacted all bank valuations,” Hornery said.

7 May 2020

Clancy Yeates

Judo Bank revels in unicorn status as investors tip in another $230m

Judo Bank's valuation has pushed through $1 billion after its latest capital raising showed investors were willing to put a higher price on the business-focused challenger bank.

Judo, founded by former bankers David Hornery and Joseph Healy, will on Thursday say it has closed its third funding round, which raised an extra $230 million in capital.

The raising took place against the backdrop of the coronavirus crisis but attracted a higher price than previous rounds, and makes Judo the latest "unicorn," which refers to a privately held start-up with a valuation of more than $1 billion.

As a result of the uncertainty created by the pandemic, Judo did not bring additional shareholders onto its register, which includes Bain Capital Credit, Myer Family Investments, Ironbridge and the Abu Dhabi Capital Group.

"The support we’ve received for our third round, at an increased valuation to our second round capital raise last year, underscores the confidence and commitment our existing investors have in Judo, particularly at a time of extreme volatility in global markets, that has impacted all bank valuations," Mr Hornery said in a statement.

© Judo Bank™ 2019 | All Rights Reserved | Judo Bank Pty Ltd | ABN 11 615 995 581 | ACL and AFSL 501 091 | This information is of a general nature only and does not take into account your objectives, financial situation or needs. In particular, you should seek independent financial advice and read the relevant terms and conditions and relevant product documents prior to making a decision. | Past performance is not an indication of future performance. | Eligibility criteria, fees and charges and terms and conditions may apply to Judo Bank’s products and services