Neobank Xinja is once again cutting the interest rate on its Stash account from Wednesday, as well as slashing the amount of money you can earn interest on by $95,000. It’s the fourth interest rate cut in the nine months since Stash was launched in a blaze of publicity as “Australia’s best savings account”, paying… Read more »
Xinja Bank will receive A$433 million over 24 months, including $160 million initially The Abu Dhabi backers are leading global banking investors The funding will help the neobank grow as it launches personal loans and mortgages The raise comes as Xinja concludes a $50m equity crowdfund An United Arab Emirates investment company is backing Xinja… Read more »
Digital bank Xinja is looking for another $50 million from investors in a Series D raise from crowdfunding. The bank has already secured the first tranche of $20 million and the fortnight-long raise through Equitise is offering 12.254 million shares – taking the total to nearly 70 million – at $4.08 a share to… Read more »
Neobank Xinja Bank has broken its own equity crowdfunding record, raising just under $2.59 million from over 1,500 investors in its second campaign.
As the finance sector deals with the fallout, fintech startups are taking note of both the lessons to be learned and the opportunities that have emerged.
Fresh from securing its restricted banking licence from the Australian Prudential Regulation Authority (APRA) last month, neobank Xinja Bank has launched its second equity crowdfunding offer.
Digital bank Xinja has today received a restricted banking licence from the Australian Prudential Regulation Authority (APRA).
With a day to go until its offer closes, digital-only bank Xinja has raised $2 million through equity crowdfunding platform Equitise.