National Australia Bank (NAB) announced a first-of-its-kind collaboration with Israeli equity crowdfunding platform OurCrowd for its Private clients on June 5, followed by today’s announcement of a similar collaboration between OurCrowd and Reliance Private Client, an Indian wealth-management company that’s part of Reliance Capital in Mumbai.
These strategic agreements will provide NAB and Reliance Private customers with direct access to exclusive OurCrowd startup investments.
The NAB announcement was made by OurCrowd CEO Jon Medved at the Australia-Israel Chamber of Commerce Women Leaders Delegation in Israel.
“We know that our clients are looking globally for investment opportunities, and OurCrowd is an established global platform which offers a full service end-to-end solution,” said Christine Yates, executive general manager of NAB Private. “Technology is changing the way we do business and this shows how banks need to think differently when it comes to servicing their clients. Our NAB clients will have access not available outside this collaboration.”
OurCrowd, which entered the Australian market in 2014, was founded in Jerusalem in 2013 and has raised more than $440 million from approximately 20,000 investors across 112 countries for more than 120 early stage companies.
Commenting on today’s announcement from India, Reliance Private Client Country Business Head Amrita Farmahan said: “We are excited to bring our clients this unique opportunity to access high quality and curated portfolios of deep technology-enabled startups via OurCrowd’s disruptive private equity platform. In addition to providing viable investment opportunities in these important alternate assets, we will connect the Indian investors to the global startup ecosystem via OurCrowd.”