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
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, a an Australian digital bank, has selected Box (NYSE:BOX), a cloud content management provider, to help with improving its client interactions through the neobank’s mobile app. Xinja clients’ bank statements and account data will be sent via a portal that’s operated and managed by… Read More
Dubai’s World Investments is reportedly investing $433 million in Australia-based digital bank Xinja over the next couple years. This, after the mobile-first bank’s steady customer growth. Subject to pending regulatory approvals, Xinja bank will be able to access $160 million in capital immediately. The remaining… Read More
Three major Australian neobanks have slashed their interest rates by 0.25% during the past few days, following the decision taken this month by the nation’s reserve bank to reduce rates. 86 400 was reportedly the first Australian digital bank to reduce the maximum interest rate… Read More
Smart savers have increasingly been turning to all-digital banking platforms or neobanks. They’ve been depositing their savings into virtual accounts in order to benefit from highly competitive interest rates. According to the latest data from the Australian Prudential Regulation Authority (APRA), Judo Bank had been… 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
Last week, digital bank Xinja closed its second crowdfunding round on Equitise having raised $2,589,781 from 1,568 investors. The round had set a top limit of The party isn’t over until the last Xinja sings 👩🎤👨🎤🎤(invests) 3⃣hrs to go peeps! Giddy up 🏇our crowdfund closes… Read More
The UK and Europe and other jurisdictions are not alone in pursuing the digital banking revoluation. In Australia, Xinja is following in the footsteps of platforms like Revolut and Monza by raising growth capital on a crowdfunding platform. Several weeks into their public campaign on… Read More
Australian digital bank Xinja has not only launched its second equity crowdfunding round on Equitise, but it also has already secured its initial $500,000 funding target. The launch of the latest funding round comes just one year after Xinja became the first retail equity crowdfunding offer in Australia… Read More
Merry Christmas, Xinja. In January of 2018, Xinja became the first retail equity crowdfunding offer in Australia following an update to rules. Xinja, a digital challenger bank, went on to raise $2.4 million in a solid “proof of concept” offering that was part of larger… Read More
Australian digital bank Xinja announced on Wednesday it received its Australian Credit Licence (ACL) from the Australian Securities and Investments Commission (ASIC). According to Xinja, the license is a significant step forward for the bank, as it will now be able to offer home loans, which it is… Read More
The Australian Securities and Investment Commission (ASIC) announced yesterday it had approved the licensing of the first seven “crowd-sourced funding” platforms. Due to a recent change in Australia’s security regulations, these investment crowdfunding platforms may allow businesses to raise up to $5 million – all… Read More
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