A global banking crisis hasn’t dissuaded Sydney-based fintech Alex Bank from trying to raise $20 million at a $130 million valuation.
, Alex Bank co-founder and chief executive officer Simon Beitz said it was a great time to raise money as non-bank lenders retreat from a tough cost-of-funding market.
Alex Bank boasts around 2500 Australian customers, a number it has been building since it received its unrestricted banking license in December 2021. To date, the fintech has raised aroundThe neobank’s main selling point is its tech-based agility in comparison to older Big Four banking rivals.
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