Judo Bank bags $174 million

Small business-focused neobank Judo Bank has secured another $174 million in capital, as it becomes the third-largest bank lender to the SME sector, by net lending growth.

The new funding is comprised of $124 million in equity funding, including repeat backing from 14 of its top 20 investors.

This latest raise brings Judo’s total capital raised to $1.2 billion, and boosts its valuation to $1.9 billion.

Read more: SmartCompany