Strategic Partnership with NAB
- Urbanise Team
- May 19
- 1 min read
Urbanise.com Limited (ASX:UBN) released its entering in to a strategic partnership with NAB for Australian Strata Customers. Watch the Investor Webinar recording from May 19th to learn more.
Under the Commercial Partnership Agreement, Urbanise will be paid by NAB upfront and on a recurring basis for building, implementing and maintaining the Data and Payments Integration Services. Urbanise will also receive from NAB an ongoing variable platform fee for supporting NAB and Urbanise customers using the new solution expected to be launched in early 2026.
Under the Equity Investment Agreement, NAB has today subscribed for 15% of Urbanise’s share capital via a placement (“Placement 1”). NAB may also subscribe for a further 4.99% of Urbanise’s share capital (“Placement 2”) within 12 months of launch of the Data and Payments Integration Services being available to eligible Urbanise customers.
Comments