OurCrowd & National Australia Bank Form Significant Partnership
OurCrowd, one of the largest equity crowdfunding platforms in the world, has formed an interesting partnership with The National Bank of Australia (NAB). The crowdfunding platform will now provide NAB clients with direct access to early stage investments listed on the OurCrowd site. This is a first of its kind relationship as OurCrowd will gain a new pipeline of investors and NAB will gain access to compelling, global investments.
The Australian government has been aggressively pursuing financial innovation and OurCrowd has been a leader from day one in the equity crowdfunding space. The collaboration appears to be a solid fit between the two entities. To date, OurCrowd has raised over $440 million from more than 20,000 investors around the world. Smaller (accredited) investors can participate alongside some of the biggest names in venture capital and angel investors. OurCrowd has had thirteen exits to date including two IPO’s and eleven acquisitions.
The announcement was made by OurCrowd CEO Jon Medved at the Australia-Israel Chamber of Commerce Women Leaders Delegation in Israel. Executive General Manager NAB Private, Christine Yates, one of the delegates, described the collaboration as another example of NAB deepening its relationship with its clients and offering innovative solutions for a changing environment.
“We know that our clients are looking globally for investment opportunities, and OurCrowd is an established global platform which offers a full service end-to-end solution,” commented Yates. “Technology is changing the way we do business and this shows how banks need to think differently when it comes to servicing their clients. Our NAB clients will have access not available outside this collaboration.”
OurCrowd entered the Australian market in 2014 and has positioned itself as a leading provider to the local market of global alternative investment opportunities. Managing Director of OurCrowd Australia and Asia, Dan Bennett, said the collaboration provides NAB private clients a high quality globally focused product with particular scope in USA, Israel and Asia-Pacific.
“We are excited about this venture with one of Australia’s leading Private Banks and sharing the very best of global technology investment with their deeply valued clients,” he said.
NAB is a top 30 global bank and Australia’s leading business bank and employs over 34,000 people. NAB serves individuals and business customers ranging from small and medium enterprises through to Australia’s largest institutions. Outside of Australia, NAB also supports businesses across New Zealand, Asia, the UK and the US to link with the Australian market.