Australian neobank Xinja had been working on finalizing a $433 million investment deal from Dubai’s World Investment Group. However, the digital challenger will now be closing customer accounts and returning its banking license. Xinja’s management noted that they will be refunding customer savings. The Fintech… Read More
Australian neo-bank Xinja recently noted that it’s working cooperatively with Dubai’s World Investment Group (WIG) in order to close the $433 million investment deal that was announced in March 2020. At present, the bank is working with auditors so that they can address concerns regarding… Read More
Australian neobank Volt has confirmed that it’s planning to reduce the total interest rate on its Save account. The bank will slash the current rate by 20 basis points, so it will be lowered from the current 1.45% p.a. to 1.25% p.a. This new rate… Read More
Xinja Bank, an Australia-based neobank, announced on Tuesday it has joined forces with SISS Data Services for new open banking solution. Xinja Bank reported that the partnership is considered part of the first phase of its Consumer Data Right (CDR) journey. “This initial phase of… Read More
Even though interest rates offered by challenger banks or neobanks in Australia (and globally) are generally higher than those offered by incumbents, Mozo reports that these all-digital banking platforms have been lowering their rates. Analysis performed by Mozo reveals that three neobanks were forced to… Read More
Kong, a cloud connectivity company, announced on Tuesday Australia’s Xinja Bank has deployed Kong Enterprise to power its mobile banking platform. Kong reported that with its service connectivity platform, Xinja may more effectively connect, secure, and manage all of its API and services. “As a… Read More
Xinja Bank, an Australia-based neobank, announced on Tuesday plans to launch a U.S. share platform for Australian investors, Dabble. According to Xinja, Dabble will sit alongside the neobank’s bank account and savings account Stash. It will provide quick and easy access to US shares, many… Read More
Xinja Bank, an Australia-based neobank, announced on Thursday it will move the interest rate on its Stash savings account to 1.8%, effective May 11th. Xinja reported launched Stash, a savings account linked to your Bank Account (transaction account) designed for customers to save by separating… Read More
Xinja Bank, an Australia-based neobank, announced on Thursday it is hitting the “pause” button of opening new Stash Savings Accounts in order to maintain current rates for existing customers. Xinja reported that Stash is a savings account linked to your Bank Account (transaction account) designed… Read More
Xinja Bank, an Australia-based neobank, announced on Wednesday it has launched its Series D investment round to attract more sophisticated investors, with a minimum of $20,400 to invest. The banking group, which now holds more than $300 million in deposits already, is looking to raise… Read More
Australia-based digital bank Xinja has reached the $200 million mark in total customer deposits. The digital bank was launched less than a month back and it has already managed to accumulate the large sum of money via its popular Stash savings account. After only a… Read More
Xinja Bank, an Australia-based neobank, has reportedly hit $100 million in deposits and has attracted 15,000 customers to its platform in just three weeks. According to Xinja, customers are taking advantage of its new ‘Stash’ digital bank account and 2.25% savings rate. According to iTWire,… Read More
Xinja Bank, an Australia-based neobank, announced on Monday it has received its full banking license from the Australian Prudential Regulation Authority (APRA) and has launched its bank accounts. Founded in 2017, Xinja Bank describes itself as an independent 100% digital neobank for Australians that is… Read More
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