# Alex Bank

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/alex-bank-pty

- Industry: Financial Services
- Headquarters: Brisbane, Australia
- Website: www.alex.bank
- Total disclosed funding: $15M
- Latest round: Series C (Sep 2, 2021)
- Investors on record: 7

## About

Founded in 2018 and based in Brisbane, Australia, Alex Bank Pty Ltd operates as a developer of an online neo banking platform designed to facilitate money management. Simon Beitz is the founder and CEO of the company. In October 2019, Alex Bank Pty Ltd raised AUD 10 million in Series A funding from Clinton Capital Partners, and in September 2021, the firm raised USD 20 million in Series C funding from Alex’s advisors, Clinton Capital Partners, and Findex. 

The company's platform offers loans with no ongoing fees, paperwork, and no early repayment services to its customers, enabling customers to access a relaxed way to borrow money and manage them. The firm provides loans such as personal loans, home improvement loans, car loans, debt consolidation, holiday loans, and solar loans.

The organization plans to use the September 2021 funding to launch its additional products to include digital overdrafts and term deposits in the next twelve months and broaden its market to small businesses.

## Funding rounds

- Series C, Sep 2, 2021, $15M — Findex, SG Hiscock & Company, Regal Funds Management, Clinton Capital Partners, Soul Patts, Wunala Capital, Tozer and Co

## Investors

- Findex — Series C
- SG Hiscock & Company — Series C
- Regal Funds Management — Series C
- Clinton Capital Partners (https://capitalatlas.ai/funds/clinton-capital-partners) — Series C
- Soul Patts — Series C
- Wunala Capital (https://capitalatlas.ai/funds/wunala-capital) — Series C
- Tozer and Co — Series C