The Up Banking brand continues to shine for Bendigo and Adelaide Bank.
Dominic Pym, from the bank’s fintech partner Ferocia, told the Intersekt Festival in Melbourne yesterday that Up was “just closing in on 400,000 customers.”
Bendigo, in its December half-year results, said it had 325,000 customers under the Up brand.
Pym said Up was “close to about A$1 billion in deposits,” though he later told Banking Day this number was closer to $800 million.
Bendigo most recently put the deposit number (for December 2019) at $700 million.
Joseph Healy, CEO of Judo Bank, the only other neobank to present at Intersekt yesterday, confirmed Judo was on track for an initial public offer, either in late 2021 or early 2022.