Volt Bank
Volt Bank is Australia's first licensed neobank, offering digital deposit, transactional, and home-lending products to Australian retail consumers through a mobile and online platform with no physical branches.
- Company typePrivate
- Founded2017
- HeadquartersNorth Sydney, Australia
- Headcount101–250
- GTM typeB2C
- OfferingServices
Volt Bank firmographics
Firmographics- Name
- Volt Bank
- Legal name
- Volt Bank
- Website
- https://voltbank.com.au
- Company type
- Private
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Volt Bank is Australia's first licensed neobank, offering digital deposit, transactional, and home-lending products to Australian retail consumers through a mobile and online platform with no physical branches.
- Ownership category
- akta.pro rank
Volt Bank industry classification
Industry- Product category
- Digital Banking / Neobank
- NAICS
- Depository Credit Intermediation (5221), Commercial Banking (52211), Mortgage and Nonmortgage Loan Brokers (522310)
- SIC
- State Commercial Banks (6022), Mortgage Bankers & Loan Correspondents (6162)
- akta.pro primary industry
- Neobank Core Platform (Retail/SME Digital Bank) (FSAGAAAA)
- akta.pro secondary industries
- Retail-focused Neobanks (Mass Market) (FSABAFAA), Digital Banking & Neobank Platforms (BPAMAFAD)
Keywords
Where Volt Bank is headquartered
LocationHeadquarters
- HQ city
- North Sydney
- HQ country
- Australia
- HQ region
- Oceania
Offices1 record
Markets served
Volt Bank business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales
Revenue model
- Banking Services: As a neobank, Volt generates revenue through traditional banking services including interest income on loans and mortgages, transaction fees, and other banking service charges.
Go-to-market motion1 record
Distribution channels1 record
Volt Bank product offering
Product offeringCore offering
Volt Bank is Australia's first neobank, providing digital banking services to Australian consumers through an online and mobile platform. Through its wholly-owned subsidiary Australian Mortgage, acquired in July 2021, it offers a fully verified digital mortgage approval process that completes in less than 15 minutes, leveraging advanced technology and data analytics to replace slow, paper-based verification workflows.
Differentiator
Problem solved
Functional benefit
Products and services
- Volt Bank Digital Banking
Quantifiable outcome
- Digital mortgage approval process reduced to less than 15 minutes
Companies that use Volt Bank
Customer profileSegments2 records
Ideal customer profiles1 record
Volt Bank technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
Volt Bank partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Australian MortgagecoreVolt Bank, Australia's first neobank, acquired Australian Mortgage, a neo-lender, to enable a fully verified digital mortgage approval process of less than 15 minutes. The acquisition aims to improve customer experience and increase efficiency in the Australian mortgage market by leveraging advanced technology and data analytics.
Scale indicators1 record
Volt Bank competitors and assessment
Company assessmentDirect peers
- Up: Australian digital-first neobank (formerly 86 400) operating under Bendigo Bank, targeting retail consumers with mobile banking, savings, and lending products. Direct competitor to Volt in the Australian digital banking space with similar target customer profile.
- Judo Bank: Australian neobank with full banking license, originally focused on SME lending and now expanding into consumer banking. Comparable to Volt as a licensed challenger bank in Australia competing against the Big Four incumbents.
- Athena Home Loans: Australian digital mortgage lender offering streamlined home loan origination online with rapid approval processes. Direct peer to Volt's mortgage capability, targeting the same Australian mortgage borrower with a digital-first experience.
- Tic:Toc: Australian fintech specializing in fully online mortgage origination with rapid approval decisions, backed by Bendigo Bank. Direct competitor to Volt's Australian Mortgage subsidiary in digital home lending.
- 86 400: Australian neobank acquired by Bendigo Bank in 2021 after independent capital challenges. Directly comparable to Volt as a same-era Australian neobank that ultimately required strategic exit.
Broad incumbents
- UBank: Digital-only subsidiary of NAB offering retail banking products including mortgages and savings accounts in Australia. Competes directly with Volt in digital banking but benefits from NAB's funding and infrastructure.
- ING Bank Australia: Australian branch of ING Group, operating as a digital-first challenger bank offering savings, mortgages, and transaction accounts to retail customers. Comparable to Volt as a digital-leaning retail bank without branch dominance.
- Macquarie Bank: Major Australian bank with strong digital banking franchise and large mortgage origination business, often cited as a challenger to the Big Four. Competes with Volt across deposits, mortgages, and digital banking.
Emerging players
- Xinja: Former Australian neobank that surrendered its banking license in 2020 due to funding challenges. Highly comparable to Volt as a same-generation Australian neobank and illustrates the sector's difficult capital dynamics.
- Tyro Payments: Australian fintech focused on merchant payments and lending to SMBs, listed on the ASX. Comparable as an Australian fintech that has scaled toward banking-adjacent services and shares the regulatory and competitive environment.
Market position
Customer concentration
Volt Bank social profiles
Digital presenceVolt Bank financial estimates
Financial estimateRevenue estimate
Valuation estimate
Volt Bank leadership team
Management profileNumber of profiles
Profiles3 records
Volt Bank subsidiaries and ownership
Company hierarchySubsidiaries1 record
Volt Bank funding detail
Funding detailFunding overview
Funding rounds3 records
Investors4 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Volt Bank M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Volt Bank
What does Volt Bank do?
Volt Bank is Australia's first neobank, providing digital banking services to Australian consumers through an online and mobile platform. Through its wholly-owned subsidiary Australian Mortgage, acquired in July 2021, it offers a fully verified digital mortgage approval process that completes in less than 15 minutes, leveraging advanced technology and data analytics to replace slow, paper-based verification workflows.
Is Volt Bank a public or private company?
Volt Bank is a private company. It is classified as venture growth investor backed and is currently operating.
When was Volt Bank founded?
Volt Bank was founded in 2017. It employs 101 to 250 people.
Where is Volt Bank based?
Volt Bank is headquartered in North Sydney, Australia, in the Oceania region.
How does Volt Bank make money?
One revenue line is on record: banking Services.
Who are Volt Bank's main competitors?
Direct peers on record are Up, Judo Bank, Athena Home Loans, Tic:Toc and 86 400. Broad incumbents are UBank, ING Bank Australia and Macquarie Bank. Emerging players are Xinja and Tyro Payments.
Does Volt Bank have an API?
No public API is recorded for Volt Bank.
What industry is Volt Bank in?
Volt Bank's product category is Digital Banking / Neobank. Its primary akta.pro industry code is FSAGAAAA, Neobank Core Platform (Retail/SME Digital Bank), with a secondary code of FSABAFAA, Retail-focused Neobanks (Mass Market). Its NAICS code is 5221 and its SIC code is 6022.