Judo Bank achieves $1.6 billion valuation with new fundraise

Judo Bank has reportedly secured more than $140 million from new investors in its latest capital raising. Media reports have stated that this round values the SME-focused challenger at around $1.6 billion. The Bank stated last Tuesday, that it had raised $280m in new equity, with 60 per cent of the raising coming from new major institutional investors. Judo Bank received its unicorn status post its May capital funding round that amounted to $230 million.

Founded in 2016, Judo Bank’s current shareholders include Bain Capital Credit, Myer Family Investments, Abu Dhabi Capital Group, Ironbridge, SPF Investment Management, OPTrust and Tikehau Capital.

Read more: IBS Intelligence