We Are Standing Behind Australian Businesses During COVID-19.

We want to reassure all our customers in business and the broader community that we have your back. With our financial strength combined with the understanding and expertise of our people, we are doing our utmost to support Australian businesses through these difficult times.

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

3 April 2020

Cara Waters

Government ploughs $500m into neobank Judo to spur SME loans

Challenger bank Judo has secured a $500 million investment from the government to help provide loans to small businesses.

The government announced yesterday it would invest an initial $250 million into Judo's lending warehouse through the Australian Office of Financial Management's (AOFM) Australian Business Securitisation Fund and a further $250 million through its recently announced Structured Finance Support Fund (SFSF).

Judo co-founder and co-chief executive David Hornery said the $500 million investment came at a crucial time for small businesses around Australia, many of which were battling for survival.

‘‘It is really about underpinning our capacity to provide funding to SMEs at a time when it has never been more important,'' he said. ‘‘These two entities are coming together to provide a substantial and valuable injection to the SME community.''

The investment from the AOFM makes Judo the first recipient of capital from the government's $2 billion small and medium enterprise funding scheme that was unveiled in November 2018.

2 April 2020

James Eyers, James Thomson and Jonathan Shapiro

Fintechs eye $15b fighting fund as Judo bags cheque

Non-bank lenders Prospa, Zip and Flexigroup are among a group of fintechs considering applying for government support under a $15 billion structured finance fund, which has been set up to ensure appropriately priced credit flows into competitors of the major banks.

The Australian Office of Financial Management said on Thursday afternoon it would provide $250 million from the new fund to Judo Bank, part of a total $500 million investment by AOFM into a Judo warehouse to support its lending to small businesses.

AOFM is expected to be hit with a flurry of other funding requests, including from fintechs uncertain about whether covenants with their own funders might be breached if they provide struggling customers with loan deferrals.

The Australian Financial Review understands banks and other funders are in negotiations with several non-bank lenders about whether COVID-19 loan deferral would be considered as a loan 'in arrears'.

2 April 2020

MICHAEL RODDAN

Judo nabs $500m from government to boost SME lending

Upstart business lender Judo Bank has scored a $500m injection from the government to boost its ability to lend to small and medium enterprise, as a range of non-banks and fintech groups eye off new funds set up to shore up family businesses amid the COVID-19 crisis.

The Australian Office of Financial Management on Thursday said it had awarded Judo with $250m, marking the first injection from Treasurer Josh Frydenberg’s Australian Business Securitisation Fund, which was announced ahead of last year’s election.

Judo, which was founded by former National Australia Bank duo David Hornery and Joseph Healy, will also receive a further $250m tipped into its warehouse facility under the government’s recently launched $15bn Structured Finance Support Fund, set up last month to keep securitisation markets functioning amid the fallout from the coronavirus credit market crunch.

the transaction.

© 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