Victoria has become home to Australia’s first purpose-built small to medium enterprise (SME) lender with Judo Capital opening its headquarters in Melbourne.
Victoria has become home to Australia’s first purpose-built small to medium enterprise (SME) lender with Judo Capital opening its headquarters in Melbourne. Judo Capital’s selection of Melbourne as the home for their headquarters further consolidates Melbourne as a major financial centre in Australia.
Focusing on personalised service underpinned by innovative technology, Judo will address the ‘one size fits all’ approach that SME’s often experience with larger lenders.
The Judo concept is based on similarly transformative banking employed by banks such as Shawbrook Bank, Aldermore Group in the UK, Handelsbanken in Sweden and Canadian Western Bank. It’s approach combines leading edge technology with a focus on expert, personalised service that reflects a greater understanding of the SME business world.
While Judo is technically is a start-up, the pedigree of its founding leaders reflects a starting position well ahead of many fledgling companies. Judo’s Co-CEO’s Joseph Healy and David Hornery have, between them, over 60 years’ global banking experience including positions as CEO of NAB Business Banking and CEO ANZ Bank in Asia respectively. The executive leadership team of Judo is a highly credentialed list of banking and finance senior executives all with extensive international experience in their respective domains.
Along with this depth of experience, Judo’s backing and growth plans aim to address a significant gap in the SME banking market and to create more opportunities for local businesses looking for funding outside the major banks. Judo will create 100 jobs in Melbourne and a further 90 nationally.