Business-focused lending platform Judo Capital has raised funding in a Credit Suisse Asset Management-backed round as it looks to secure a banking licence.

Australia-based business lending service Judo Capital has secured A$140m ($104m) from investors including financial services firm Credit Suisse’s Asset Management unit, Australian Financial Review reported yesterday.

Ironbridge Capital, OPTrust, Abu Dhabi Capital Group, Zhong Yi Investment, Cambooya, Inception Asset Management, Esson, CH Warman Group and Myer Family Investments also participated in the round.

Judo lends money to small and medium-sized Australian businesses, offering each client a relationship manager and making loan decisions in less than five days. It offers equipment…