Judo Bank, a new bank lending to SMEs, will offer term deposits after signing a partnership deal with ASX-listed online cash management marketplace Cashwerkz.
“Judo Bank’s term deposits offer best-in-market rates and are government guaranteed up to $250,000 through the Financial Claims Scheme – and through this partnership with Cashwerkz, Judo Bank is looking forward to reaching more wholesale investors nationwide,” he said.
Hector Ortiz, CEO for Cashwerkz, said the Judo deal will deliver his company’s marketplace to a very targeted online term deposit offering for wholesale customers serviced by RIM Securities.
“We have a very similar mindset to Judo Bank, clearly defining itself as a market differentiator and we look forward to working closely with its team to deliver the services its wholesale customer base is looking for now – and into the future,” he said.
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