Alex Bank Pty Ltd
Have updates for this profile? Please contribute data
= Subscriber Access Only
You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.
With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.
Alex Bank Pty Ltd - overview
Established
2018
Location
-, QLD, Australia
Primary Industry
Financial Services
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.
Current Investors
Clinton Capital Partners, Findex, SG Hiscock & Company
Primary Industry
Financial Services
Sub Industries
Consumer Finance
Website
www.alex.bank
Verticals
FinTech
Company Stage
Series C
Total Amount Raised
Subscriber access only
Alex Bank Pty Ltd - employee data
Time to go Pro
Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.