Posts tagged "Xinja"

Aussie neobank Volt has partnered with UK fintech Railsbank, to power up growth after a tricky few months in the sector.

SME-focused neobank Judo Bank has settled a massive $284 million capital raise, announced late last year, and valuing it at $1.6 billion.

Neobank Xinja has become the first authorised deposit-taking institution in Australia to return its deposits to customers, after finalising its exit from the local banking scene. 

Neobank Xinja is boasting about the fat stacks flowing into its coffers from Australians disaffected with the behaviour of the big four banks.

The neobank revolutions seems to have been on the Aussie tech agenda for years, but the whole sector is arguably still a little short of hitting its stride.

Aussie neobank Volt has raised $70 million in series C funding ahead of a planned IPO at the end of the year, as activity in the sector heats up for 2020.

Xinja has — finally — been granted its licence to operate as an authorised deposit-taking institution, ushering in a whole new era in the neobank saga.

Aussie challenger Judo Bank has raised $400 million in what is being touted as the biggest single funding round in Aussie history.

Aussie challenger bank 86 400 has become the latest to be granted its full ADI licence by the APRA, proving itself as a contender in the great neobank race.

For all the activity going on in the Aussie neobank space, there’s still no fully independent offering in the market. So, where are they?

Neobank 86400 is setting out on what could become one of the biggest capital raises in Australian history, targeting a whopping $250 million in new funding.

Fast, customer-focused technology, delivered at a fraction of the build cost — that’s the promise of the new evolution of life in the banking industry.