Eric Wilson

Emirates’ World Investments will invest A$433 million in neobank Xinja over the next 24 months, the companies announced today.  The massive capital injection is subject to relevant approvals and an initial A$160 million will be invested immediately. The remaining A$273 million available to be drawn down in multiple tranches as

Partway through its Series D capital raise, Australian neobank Xinja is inviting customers to back the new bank if they meet the definition of sophisticated or wholesale investors. The company is currently conducting a $50 million Series D raise with the first tranche of $20 million already secured. Previously Xinja

xinja_team

Neobank Xijna has secured its full banking licence and is rolling out transaction accounts to its early customers. The Australian Prudential Regulation Authority (APRA) said today it has granted Xinja its licence to operate as an authorised deposit-taking institution (ADI), officially joining the ranks of Australia’s new banks. Webinar: Can