digital-bank
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The Bank Two Doctors Built After Their Own Bank Said No
Two physicians drowning in student debt kept getting rejected by traditional banks. So they recruited a Wall Street analyst and built the lender they wished existed - one that treats a doctor's diploma as an asset, not a liability.
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.
Alex.Bank
Alex.Bank is an Australian digital-only bank founded in Brisbane in 2018 by former Suncorp innovation leaders Simon Beitz and Craig Fenwick. Built from scratch with no legacy systems, Alex offers unsecured personal loans, car and EV loans, green loans and award-winning term deposits through a fully paperless process that promises application in minutes and funding within hours. It holds a full Australian banking licence and positions itself as a 'fast, fair and flexible' alternative to the big four incumbents and buy-now-pay-later lenders.