Judo Bank Becomes Unicorn with Fresh Fundraise

Australian digital bank Judo Bank has officially reached unicorn status with the latest round of capital; the $230mn round included Bain Capital Credit, Abu Dhabi Capital Group, Tikehau Capital, Ironbridge and Myer Family Investments; David Hornery, Co-Founder & Co-CEO, tells AltFi, “The support we’ve received for our third round, at an increased valuation to our second round capital raise last year, underscores the confidence and commitment our existing investors have in Judo, particularly at a time of extreme volatility in global markets, that has impacted all bank valuations.”; the company plans to expand within Australia and add new products and services with the new capital; due to the current pandemic only existing investors participated in the round. Altfi

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