National Australia Bank is an Australian financial institution serving millions of customers.
Portfolio
3
companies
Banked
Building a next-generation global payment network for consumers and merchants.
Carbonplace
Carbonplace provides a carbon credit transaction network connecting buyers and sellers through banks.
Pollinate
Pollinate provides cloud-based software that helps banks modernise digital services for business customers.
Andrew Irvine
Group Executive for Business & Private Banking
Andrew brings banking and finance experience from roles at National Australia Bank and BMO Financial Group. He currently serves as NAB Group CEO and Managing Director.
The funding comes from nine founder banks to support platform scaling and team expansion.
"With Carbonplace, we are transforming the way that carbon credits are bought, distributed, held and retired. I am excited to take this company to the next level of its evolution, and to help unlock its massive potential to drive significant economic and social value by opening the carbon markets up to the world."
The London-based fintech company secured the funding from Insight Partners to support its expansion into new geographies.
"Insight Partners is an amazing global firm withsuch strength in the payments and fintech space. To increase our share price in thiscurrent market with overwhelming demand from investors, I couldn’t be happier tohave Insight onboard to build what is a multibillion-dollar opportunity. I am alsoexcited that Citi, NAB and Rapyd are joining as it shows that Banked has realstrength in working with the biggest and best banks and payment firms in theworld."
The London software business has closed a Series C round backed by Insight Partners and existing shareholders to fund international growth.
"At Insight Partners, we invest in fast-scaling software companies. The Pollinate platform creates white-labelled digital marketplaces for the business customers of the world’s largest banks"
National Australia Bank led the series B round to support the platform's international expansion.
