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Urbanise and NAB Forge $8.8m Deal to Revolutionize Strata Payments
8:25am on Monday 19th of May, 2025 AEST
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Technology
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Urbanise and NAB Forge $8.8m Deal to Revolutionize Strata Payments
8:25am on Monday 19th of May, 2025 AEST
Key Points
NAB acquires 15% stake in Urbanise with option for additional 4.99%
Launch of Data Payments Integration Services targeted for early 2026
Partnership includes upfront, recurring, and variable fees totaling $4.6 million in year one
Urbanise expects positive cash flow from FY25, with investment costs in FY26 and positive cash flow targeted for FY27
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