CNote is proud to share a new case study with Optus Bank: Leveraging Corporations to Support Community Impact.
Since 2017, Optus has seen the notoriety for their work skyrocket with a seven-fold growth. These investments allowed Optus to add staff and update its digital presence — allowing them to scale operations to serve more under-resourced community members.
This new environment left Optus with two main challenges:
- The need to increase sustainable deposits
- Increasing competition for previously available deposits
By partnering with CNote’s Impact Cash™ program, Optus Bank was able to increase deposit levels and elevate its visibility.
“Impact Cash was exactly what Optus was looking for,” said Dominik. “Finding a new source of deposits that came from impact-minded corporations at low cost balanced the equity investments we received and allowed us to turn out more investments into the community to create impact.”
