# Judo Bank

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

- Industry: Financial Services
- Headquarters: Melbourne, Australia
- Website: www.judo.bank/
- Total disclosed funding: $470M
- Latest round: Series D (Dec 23, 2020)
- Investors on record: 12

## About

Founded in 2016 in Melbourne, Australia, Judo Bank Pty Ltd is a financial institution dedicated to serving SMEs with tailored banking solutions. The founders, David Hornery and Joseph Healy, previously had extensive experience in the banking sector. In October 2021, the bank raised AUD 650 million through an IPO, selling 309.52 million shares at AUD 2.10 per share on the Australian Securities Exchange. The company has engaged in 13 deals to date.

Judo Bank specializes in providing tailored financial solutions primarily for small to medium-sized enterprises (SMEs). Their core offerings include Business Loans, Lines of Credit, Equipment Loans, and Bank Guarantees, all designed to meet the unique financial needs of business owners. These products enable SMEs to access funding for growth, equipment acquisition, and operational flexibility, addressing critical funding gaps often overlooked by traditional lenders. Judo Bank operates across multiple Australian states, including Victoria, New South Wales, Queensland, Western Australia, South Australia, Tasmania, and the Australian Capital Territory, with a dedicated relationship-led approach to ensure personalized service.

In the most recent fiscal year 2023, Judo Bank reported a revenue of AUD 236,004,595.50 and an EBITDA of AUD 500,060,795.80. The bank generates revenue primarily from interest income on its lending products and associated fees, structuring transactions through direct engagements with businesses for customized financing solutions.

Following its IPO in October 2021, where Judo Bank raised AUD 650 million, the bank plans to utilize these funds to enhance its product offerings and expand its market presence. The strategy includes launching new financial products tailored to the evolving needs of SMEs and potentially targeting expansion into additional Australian territories and regions to reach a broader client base.

## Funding rounds

- Series D, Dec 23, 2020, $216M — UniSuper, Magnetar Capital, Moore Strategic Ventures
- Series C, May 7, 2020, $150M — Bain Capital, Ironbridge Capital, Myer Family Investments, OPTrust Private Markets Group, Tikehau Capital, SPF Investment Management, Abu Dhabi Capital Group
- Series A, Aug 1, 2018, $104M — OPTrust, Myer Family Investments, Credit Suisse, Abu Dhabi Capital Group

## Investors

- OPTrust — Series A
- Myer Family Investments — Series A, Series C
- Credit Suisse (https://capitalatlas.ai/funds/credit-suisse) — Series A
- Abu Dhabi Capital Group — Series A, Series C
- Bain Capital (https://capitalatlas.ai/funds/bain-capital) — Series C
- Ironbridge Capital (https://capitalatlas.ai/funds/ironbridge-capital) — Series C
- OPTrust Private Markets Group — Series C
- Tikehau Capital — Series C
- SPF Investment Management — Series C
- UniSuper — Series D
- Magnetar Capital (https://capitalatlas.ai/funds/magnetar-capital) — Series D
- Moore Strategic Ventures (https://capitalatlas.ai/funds/moore-strategic-ventures) — Series D