Urbanise.com Ltd (ASX:UBN) Announces Strategic Partnership with NAB
Strategic Partnership and Equity Stake
Urbanise.com Ltd has entered into a strategic partnership with National Australia Bank (NAB), wherein NAB has acquired a 15% stake in Urbanise’s share capital through a placement of approximately 11.8 million shares at $0.747 per Ordinary share, totaling around $8.8 million. NAB has the option to acquire an additional 4.99% stake within 12 months under the current placement capacity or by shareholder approval.
Data and Payments Integration Services
The partnership involves the delivery of Data and Payments Integration Services to integrate NAB’s payment solutions and business banking products with the Urbanise Strata platform. The agreement has an initial term of four years, with an option to extend for a further two years. Urbanise will receive upfront and recurring payments from NAB for building, implementing, and maintaining the integration services, along with ongoing variable platform fees based on customer adoption.
Partnership Benefits
The collaboration aims to provide a best-in-class banking and payment management experience tailored to the strata industry. The integrated solution will enable Urbanise Strata customers to access new banking and financial services options, automate daily bank reconciliations, supplier payments, owner contributions, and streamline financial reporting within the platform. The new solution is expected to launch in early calendar year 2026.
Financial Outlook
Urbanise.com Ltd is on track to achieve cash flow positive status in FY25, following three consecutive cash flow positive quarters, with expected positive cash flow in Q4. Initial payments from the NAB partnership are anticipated in mid-Q4 FY25, supporting the implementation and delivery of the banking solution in FY26. The company’s closing cash for FY25 is expected to exceed $15 million, reinforcing its balance sheet strength.
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