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Alex Bank

Alex Bank
Fast and Flexible Banking

Making Banking Faster, Fairer and more Flexible

Alex Bank is building Australians a better banking experience, that’s simple, easy to use and understand.

Business Highlights

Alex Bank is about getting a share of the fast-growing Australian consumer finance market and outdoing traditional banking rivals with its technology and credit process.

The bank’s targeting profitability (on a month-by-month basis) by late next year and wants to hit both A$1B in deposits and loans in 2024. Its initial target – Australia’s consumer finance market – was said to be worth A$142B in lending assets (personal loans, credit cards, car loans, lines of credit) with an anticipated A$25B of new products or loans (including switching) in the coming 12 months.

  • As of July 2021, Alex Bank is operating under a restricted banking licence. In other words, is officially a bank
  • 100% digital with fast technology and digital processes
  • Highly experienced team based in Sydney and Brisbane working to provide faster, fairer and more flexible banking solutions
  • Alex is Australia’s most awarded new bank, having received seven awards including a Canstar 5-Star Rating, and Money Magazine’s “Non-Bank Personal Lender of the Year” award.

Previous Funding

  • September 16, 2021 – Alex Bank raised over A$20M in Series C funding with an estimated valuation of more than $120M

Key Investors

  • Findex, Clinton Capital Partners, Washington H. Soul Pattinson, Regal Funds Management, Wunala Capital, and SG Hiscock and Company

Why Alex Bank?

Simple
Banking in Australia can be complex, but at Alex Bank, we make it simple with easy to understand products, uncomplicated forms, and a 100% paperless process for our personal loans.
Fast
Our banking platform and processes leverage cutting-edge technologies. That means snappy applications, fast approvals, and a seamless digital experience.
Human
Don’t be fooled by our fast technology and digital processes, we’ve got a whole team of real humans based in Brisbane and Sydney, working to provide you with faster, fairer and more flexible banking solutions.
Fair
We’re about easy to understand terms and fair market-leading rates with no upfront or ongoing fees on our lending or deposit products.

 

Making Banking Flexible

Better Credit Processes

Award Winning Personal Loans

The Future of Banking

Announcements

Alex Bank ramps up 2022 growth plans

Read more

Alex Bank pitches $1b loans and deposits in Series D funding round

Read more

Alex Bank partners with Platform Finance

Read more

Team

Greg Moynihan

Chair & Non-Executive Director

Craig Manson

Non-Executive Director

Katherine Ostin

Non-Executive Director

Alex Twigg

Non-Executive Director

Simon Beitz

Co-Founder & CEO

Craig Fenwick

Co-Founder & CFO

John Heaton

Chief Tecnology Officer

Sascha Hunt

Chief Growth Officer

Steve Kluss

Chief Product Officer

Michael McLennan

Chief Risk Officer

Jeff Nel

Chief Operations Officer

    Thank you for your enquiry.
    We will be in touch as soon as possible.

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