New partnership puts focus on financial wellbeing of social purpose organisations
One of Australia’s largest, 100% customer-owned and Certified B Corp banks, Beyond Bank Australia, has joined forces with professional services social enterprise Benefolk to help strengthen the financial wellbeing of social purpose organisations.
The new partnership kicks off with Beyond Bank supporting the September 2024 launch of Benefolk Expert Bar – a new innovation enabling social purpose organisations to access a range of experts in 45-90 minute online consultations via Benefolk’s platform.
Benefolk CEO / Founder, Julia Keady, says the partnership is built on strong and shared values.
“As a customer since 2020, I have experienced first-hand the way Beyond Bank operates. Its level of customer service and commitment to wellbeing is outstanding and inspirational. Beyond Bank has a long and rich credit union heritage, which sits at the heart of modern customer-owned banks. This shines through in their approach to being the ‘best bank’, not the biggest bank.
“Beyond Bank has also been a great supporter and champion of the Benefolk mission ever since we met, supporting the launch event of The Community Well resource hub in 2023 and sharing these important and much-needed resources to community organisations around Australia.
“This new partnership now enables us to focus even more on the inspirational and hard-working not-for-profits (NFPs), charities and purpose-driven businesses that we both care about.
“We're delighted that Beyond Bank is supporting the launch of Benefolk Expert Bar. This new service fills a long-standing need for everyday, grassroots NFPs and charities to be able to access trusted expertise in an affordable way. Think of it as “telehealth for the social sector” – enabling these essential organisations to access the advice and help they need simply and easily.
"It's a testament to the way Beyond Bank is connected with their customers' needs that despite it being a new concept, they immediately saw its value and impact for the sector. We are deeply appreciative and proud to be aligned on this vision with such a forward-looking bank.”
Kylie Daniels, National Community Development Manager at Beyond Bank, shares the excitement for the partnership, citing the benefits on offer to the community sector and its employees.
“We are thrilled to be partnering with the team at Benefolk to deliver on such an important initiative that connects so closely to our purpose of changing the lives of our customers and communities through financial wellbeing.”
Benefolk Expert Bar launches September 2024 with a sector launch event in Melbourne on Thursday 5 September. Grantmakers and funders who want to buy vouchers for charities they care about can do so via Benefolk Foundation.
To participate in the Benefolk Expert Bar launch event, register at https://events.humanitix.com/expert-bar-launch
To find out more about the Expert Bar launch, subscribe to the Benefolk mailing list.
For media enquiries, contact Julie Weldon via news@benefolk.org or call 0423 110 802.
About Benefolk
Benefolk (formerly The Xfactor Collective) connects not-for-profits, charities and impact-focused businesses to the very best support and expertise from our network of trusted consultants and professional service providers. As a Certified Social Enterprise and Certified B-Corp, we’re fiercely dedicated to changemakers. Through our sister charity, Benefolk Foundation, we provide resources and undertake advocacy to help all social changemakers achieve their mission without burning out.
About Beyond Bank Australia
Beyond Bank is one of Australia’s largest customer-owned banks. For over 60 years, we’ve changed the lives of our customers and communities through financial wellbeing. We provide personal, business, and community banking to over 310,000 customers and have over $10 billion in assets under management. Beyond Bank is a proud B Corp – a business that is certified as meeting high standards of social and environmental impact. We use our business as a force for good to drive positive outcomes that benefit our people, communities, and planet.
