NAB has announced its first fintech collaboration project with Israeli equity crowdfunding platform OurCrowd.
The partnership will give NAB's private banking clients direct access to early stage companies around the world, according to a statement by the bank.
OurCrowd, which has already raised $600 million for more than 120 early stage companies, announced the agreement with NAB at the Australia-Israel Chamber of Commerce Women Leaders Delegation in Israel.
NAB Private executive general manager Christine Yates, who attended the delegation, said clients are increasingly looking globally for alternative investment opportunities.
"Technology is changing the way we do business and this shows how NAB is thinking differently when it comes to servicing our clients. Our NAB clients will have access that is not available outside this collaboration," Ms Yates said.
OurCrowd Australia and Asia managing director Dan Bennett said, "The collaboration provides NAB Private clients a high quality globally focused product with particular scope in USA, Israel and Asia-Pacific.
"We are excited about this venture with one of Australia’s leading private banks and sharing the very best of global technology investment with their deeply valued clients."
OurCrowd has almost 20,000 investors from over 112 countries. The $600 million invested has led to 12 exits to date, including two IPOs and 11 acquisitions.
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