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National Australia Bank company logo
Bank
FINANCE | Retail Banking
nab.com.au

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Investments

15

Portfolio Exits

8

Funds

2

Partners & Customers

10

About National Australia Bank

The National Australia Bank Group (NAB) is a financial services organization with over 12 million customers, operating more than 1,700 stores and business banking centers globally. It was founded in 1893 and is based in Melbourne, Australia.

Headquarters Location

Level 28, 395 Bourke Street

Melbourne, Victoria, 3000,

Australia

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National Australia Bank Web Traffic

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National Australia Bank Rank

Research containing National Australia Bank

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CB Insights Intelligence Analysts have mentioned National Australia Bank in 2 CB Insights research briefs, most recently on Nov 17, 2022.

Latest National Australia Bank News

NAB signs multi-million dollar deal with AWS

Nov 30, 2022

14 minutes ago 0 National Australia Bank has signed a multi- million dollar, long-term deal with Amazon Web Services to accelerate the migration of critical workloads to the cloud. NAB began ramping up its cloud journey in 2018 and has now moved 70% of its applications to cloud. NAB recently became the first major Australian bank to move its business banking online platform to the cloud, migrated its Global FX & Trading Platform from Murex to the cloud, and collaborated with AWS and three other global banks to launch the Global Open Finance Challenge. The new deal will see NAB adopting AWS Graviton processors designed to deliver the best price-to-performance for cloud workloads, which is expected to result in savings of over $1 million per month in cloud costs. In July 2020, NAB also signed a five-year contract with Microsoft to co-design, develop and invest in the bank's multi-cloud strategy, porting 1000 of its 2600 apps to Azure as the primary cloud. NAB group executive technology and enterprise operations, Patrick Wright, says: “The cloud is now ingrained at NAB. Our Simple Home Loans, internet banking, NAB Connect online business platform, and recently launched NAB Now Pay Later product are just some of our customer services being enabled by the cloud. "The cloud is powering our ability to deliver new and improved services to market more quickly for our customers, with added reliability.” Wright says the bank will soon complete the roll-out of Amazon Connect, AWS’s cloud contact centre offering, which will be delivered across all of the NAB's call centres. This uses artificial intelligence to match NAB customers to the most appropriate Australia-based contact centre team member. Once in place, customers will be able to call via a button within the Internet Banking app and be fully authenticated without having to go through a list of personal questions on the phone. “We want to deliver more personalised experiences for customers, aligned to their preferences in how they want to interact with us,” says Wright. Related Companies

National Australia Bank Investments

15 Investments

National Australia Bank has made 15 investments. Their latest investment was in CityFibre as part of their Line of Credit on September 9, 2021.

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National Australia Bank Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

9/16/2021

Line of Credit

CityFibre

$413.84M

Yes

3

3/18/2021

Series C

Pollinate

$50M

No

7

2/3/2021

Debt - II

Lumi

$30.49M

Yes

1

10/2/2020

Series B

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10

9/16/2020

Series D

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$99M

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10

Date

9/16/2021

3/18/2021

2/3/2021

10/2/2020

9/16/2020

Round

Line of Credit

Series C

Debt - II

Series B

Series D

Company

CityFibre

Pollinate

Lumi

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Amount

$413.84M

$50M

$30.49M

$99M

New?

Yes

No

Yes

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Co-Investors

Sources

3

7

1

10

10

National Australia Bank Portfolio Exits

8 Portfolio Exits

National Australia Bank has 8 portfolio exits. Their latest portfolio exit was SocietyOne on December 17, 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

12/17/2021

Acquired

$99M

2

8/9/2021

Acquired

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$99M

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10

7/14/2021

IPO

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$99M

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10

8/30/2020

Divestiture

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$99M

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10

10/4/2017

Divestiture

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$99M

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10

Date

12/17/2021

8/9/2021

7/14/2021

8/30/2020

10/4/2017

Exit

Acquired

Acquired

IPO

Divestiture

Divestiture

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

2

10

10

10

10

National Australia Bank Acquisitions

5 Acquisitions

National Australia Bank acquired 5 companies. Their latest acquisition was Citibank Australia on August 09, 2021.

Date

Investment Stage

Companies

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

Total Funding

Note

Sources

8/9/2021

$99M

Acquired Unit

3

8/9/2021

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$99M

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10

1/29/2021

Series A

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$99M

$99M

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10

2/28/1998

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$99M

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10

2/20/1998

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$99M

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0

Date

8/9/2021

8/9/2021

1/29/2021

2/28/1998

2/20/1998

Investment Stage

Series A

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Total Funding

$99M

Note

Acquired Unit

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Sources

3

10

10

10

0

National Australia Bank Fund History

2 Fund Histories

National Australia Bank has 2 funds, including NAB Labs Venture Fund.

Closing Date

Fund

Fund Type

Status

Amount

Sources

7/29/2015

NAB Labs Venture Fund

$36.52M

1

NAB Labs Venture Fund II

10

Closing Date

7/29/2015

Fund

NAB Labs Venture Fund

NAB Labs Venture Fund II

Fund Type

Status

Amount

$36.52M

Sources

1

10

National Australia Bank Partners & Customers

10 Partners and customers

National Australia Bank has 10 strategic partners and customers. National Australia Bank recently partnered with Microsoft on August 8, 2022.

Date

Type

Business Partner

Country

News Snippet

Sources

8/2/2022

Partner

United States

National Australia Bank works with Microsoft on facial recognition for ATMs

The project is part of an ongoing multi-cloud partnership between National Australia Bank and Microsoft Azure , which aims to increase the percentage of National Australia Bank 's apps on a public cloud from a third to 80 % by the end of 2022 .

1

7/14/2022

Partner

United Kingdom

NAB Private Wealth and BlackRock join forces to make ETF investing more accessible

As an extension of NAB Private Wealth 's broader relationship with BlackRock , nabtrade and iShares have come together to offer a suite of innovative iShares ETFs which will be available on nabtrade .

1

6/17/2022

Partner

United States

AUSTRALIA’S HANDLING OF COVID. Born Global: June 2022 – advance.org

NAB 's partnership with the AFL is facilitating sport inclusion and helping to grow the sport at all levels , showing that football is a game for all to enjoy .

1

2/2/2022

Vendor

United States

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10

11/17/2021

Vendor

United States

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10

Date

8/2/2022

7/14/2022

6/17/2022

2/2/2022

11/17/2021

Type

Partner

Partner

Partner

Vendor

Vendor

Business Partner

Country

United States

United Kingdom

United States

United States

United States

News Snippet

National Australia Bank works with Microsoft on facial recognition for ATMs

The project is part of an ongoing multi-cloud partnership between National Australia Bank and Microsoft Azure , which aims to increase the percentage of National Australia Bank 's apps on a public cloud from a third to 80 % by the end of 2022 .

NAB Private Wealth and BlackRock join forces to make ETF investing more accessible

As an extension of NAB Private Wealth 's broader relationship with BlackRock , nabtrade and iShares have come together to offer a suite of innovative iShares ETFs which will be available on nabtrade .

AUSTRALIA’S HANDLING OF COVID. Born Global: June 2022 – advance.org

NAB 's partnership with the AFL is facilitating sport inclusion and helping to grow the sport at all levels , showing that football is a game for all to enjoy .

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Sources

1

1

1

10

10

National Australia Bank Team

21 Team Members

National Australia Bank has 21 team members, including current Chief Executive Officer, Ross McEwan.

Name

Work History

Title

Status

Ross McEwan

Chief Executive Officer

Current

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Name

Ross McEwan

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Work History

Title

Chief Executive Officer

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Status

Current

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