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Avenue Bank approved by APRA to offer products to small business – The Australian Financial Review

Led by a former senior executive of CBA and backed by Sherman Ma’s Liberty Financial, Avenue will offer small businesses products…

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Instead, Avenue has developed a cloud-based digital process that can make fast decisions to grant pre-approved limits that will allow customers to draw down on funds when they are required. It will have no branches.
The founder of its major shareholder…

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