RADI, page-2

From my review...

the list does not include foreign neo banks now operating in Aus or pseudo non-neo banks using the banking licence of established banks to offer products or trade.

Volt neo bank - RADI 7/5/18, ADI 21/1/19 Led by ex Barclay Manager. Unlisted. Raised 15m initially at its start up in 2017. Includes funding from Collection House and Paypal. Valued ~200m. Planning to list

Xinga neo bank - RADI 12/18, ADI 9/9/19 Application RADI started mid 2017. It is an unlisted public company - crowd funded.

86400 neo bank - ADI 7/2019 started by former ANZ exec and backed by payment solution provider Cuscals. Unlisted. I believe by-passed RADI went straight to ADI.

UP bank - bypass RADI and ADI full cloud based bank using Bendigo bank products and licensing. Unlisted.

JUDO SME banking - ADI 5/19. Focused on SMES rather than Fintech or neobank. Started by former NAB execs. Targeting small to medium businesses. Massive funds behind it raised 140m in 2018. Probably the most advanced! Has securitisation facilities from Credit Suisse of $300 million and corporate facilities from Goldman Sachs of $100 million