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Corporation
FINANCIAL | Retail Banking
ingbank.nl

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Investments

11

Portfolio Exits

3

About ING Bank

ING Bank is a corporation based out of Netherlands.

ING Bank Headquarter Location

Netherlands

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Latest ING Bank News

nib enters distribution partnership with Australian bank

Oct 13, 2021

| Insurance Business Australia nib health funds (nib) are underwriting the health insurance of ING Bank of Australia Limited (ING) as part of their distribution partnership. With the deal, ING has joined nib's established line-up of white-label partnerships that have contributed to the insurer's long track record of policyholder growth. “We've developed a market leading white-label capability, and today, this channel accounts for about 20% of all our health insurance sales,” said Ed Close, nib chief executive, Australian residents health insurance. “With more than two million customers, there is great potential for us to connect with ING's existing customer base and offer affordable health insurance. “It's a great example of how two businesses can work together to better connect and empower Australians to finance and access healthcare.” The range of ING health products is now available via the company's distribution channels.nib will act as the underwriter, including member service and claims handling. In its 2021 Sustainability Report, the insurer detailed its latest health initiatives: Over $2.7 million in funding for numerous community health initiatives, including through the Group's charitable organisation, nib foundation; Supporting Ngāti Whātua Ōrākei iwi members through health management programs and introduction of Kaiārahi (iwi health navigators); and Kicking off its Payer to Partner (P2P) journey to become a true health partner for its members. The Group has also published its inaugural Modern Slavery Statement and introduced its first-ever Diversity and Inclusion Action Plan to foster a sense of community. Related stories:

ING Bank Investments

11 Investments

ING Bank has made 11 investments. Their latest investment was in Zzoomm as part of their Debt on October 10, 2021.

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ING Bank Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

10/6/2021

Debt

Zzoomm

$135.88M

Yes

1

6/23/2021

Line of Credit - VII

Gunvor Group

$830M

Yes

1

3/29/2021

Loan - II

FrieslandCampina

$353.33M

Yes

1

3/23/2021

Seed VC

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$99M

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10

1/14/2021

Series C

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$99M

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10

Date

10/6/2021

6/23/2021

3/29/2021

3/23/2021

1/14/2021

Round

Debt

Line of Credit - VII

Loan - II

Seed VC

Series C

Company

Zzoomm

Gunvor Group

FrieslandCampina

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Amount

$135.88M

$830M

$353.33M

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

1

1

1

10

10

ING Bank Portfolio Exits

3 Portfolio Exits

ING Bank has 3 portfolio exits. Their latest portfolio exit was Twisto Payments on May 24, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

5/24/2021

Acquired

$991

14

00/00/0000

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10

00/00/0000

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10

Date

5/24/2021

00/00/0000

00/00/0000

Exit

Acquired

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Companies

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Valuation

$991

Acquirer

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Sources

14

10

10

ING Bank Team

7 Team Members

ING Bank has 7 team members, including former Chief Executive Officer, Pieter Louter.

Name

Work History

Title

Status

Pieter Louter

Achmea, KPN, and ING

Chief Executive Officer

Former

Pawel Radzieciak

Chief Financial Officer

Former

Nicolas SERRE

Chief Information Officer

Former

William Jasien

Executive Vice President

Former

Allan Lee

Senior Vice President

Former

Name

Pieter Louter

Pawel Radzieciak

Nicolas SERRE

William Jasien

Allan Lee

Work History

Achmea, KPN, and ING

Title

Chief Executive Officer

Chief Financial Officer

Chief Information Officer

Executive Vice President

Senior Vice President

Status

Former

Former

Former

Former

Former

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