Judo Capital secures full banking licence from APRA

By Sarah Smith

Judo Capital, now named Judo Bank, has announced that the Australian Prudential Regulation Authority (APRA) has granted the firm a full banking licence, meaning it is the first small and medium-sized (SME) business-focused challenger bank in Australia.

The company, founded on 28 March 2018, has thus far been focused on lending to SMEs in the Australian market.

“We are delighted to be granted an unrestricted banking license, helping to solidify our position as Australia’s first fully licensed challenger bank dedicated to small and medium-sized business lending,” said Peter Hodgson, Chairman of Judo Bank, in the firm’s statement.


“To achieve our full license in such a tight timeframe, we worked closely with APRA to meet the strict conditions necessary for a licensed bank, including the strength of our business model, and governance policies and principles – a process that has involved substantial work by the team since we first applied in May 2018.

“On behalf of our investors and Judo team across Melbourne, Sydney and Brisbane, we are delighted to have been granted this full banking license, following new legislation that has opened up the industry to much needed competition.”

Hodgson added that Judo will be launching deposit products in support of its core lending business.


Featured Articles

Exec interview: Brook Sims, COO, MAC Diversity Recruiters

Passionate about helping others find their voice, diversity leader and COO Brook Sims talks powerful leadership, diverse teams and being a change agent

Best new books that will make you a better leader

From inspiring CEO memoirs to strategic guides, these new books dish up plenty of principles, strategies, and anecdotes to help you become a better boss

5 Mins With: Jeff Li, founder and CEO of Shoplazza

Named in Fortune China’s 40 under 40 for 2022, former Baidu head Jeff Li is the entrepreneurial founder and CEO of ecommerce platform Shoplazza

Workplace special – the changing nature of the office

Leadership & Strategy

Meet Shanique Bonelli-Moore, DEI leader at Clorox


Forterro CEO Dean Forbes – inspirational leadership

Leadership & Strategy