Avenue Bank

Avenue Bank is Australia's first and only bank built exclusively around bank guarantees. Founded by the team behind credit bureau CreditorWatch and licensed by APRA as an authorised deposit-taking institution, the Sydney-based digital bank turns a paper-heavy process that once took four to six weeks into an online application of a few minutes with issuance inside 24 hours. It serves businesses that need to secure commercial leases, construction contracts and performance obligations, backing every guarantee 100% with cash while paying interest on the deposit.