National Australia Bank high net worth clients will now have exclusive access to global equity crowdfunding start-up investments.
National Australia Bank (NAB) announced an innovative collaboration with Israeli company OurCrowd, that will provide NAB clients with direct access to exclusive OurCrowd opportunities and access to domestic and global networks and events.
The first of its kind in Australia, the tie-up provides direct access for NAB clients to one of the world’s largest equity crowdfunding platforms, which raised more than A$600m from approximately 20,000 investors across 112 countries for over 120 early stage companies.
The announcement was made by OurCrowd CEO Jon Medved at the Australia-Israel Chamber of Commerce Women Leaders Delegation in Israel.
NAB Private Executive General Manager Christine Yates, one of the delegates, welcomed the collaboration.
Singapore Connection
Singapore based United Overseas Bank (UOB) launched Asia’s first strategic collaboration with the global equity crowdfunding platform in 2016, the collaboration saw UOB making a S$10 million investment.
OurCrowd then went one step further and established an office in Singapore, its seventh worldwide, to serve the growing community of Asian investors interested in funding early stage high-growth companies.
OurCrowd received a formal license to begin operating in Singapore from the Monetary Authority of Singapore in August 2016.
The company also appointed Denes Ban, a successful entrepreneur and technology executive, as Managing Partner Asia and Head of OurCrowd’s Singapore Management company.
