What the neobanks have to offer

Neobanks are targeting Australians who are after a competitive savings rate and personalised banking products. Last week neobanks 86 400 and the newly licensed Xinja launched their product offerings and, unlike traditional banks, they operate solely from smartphone apps. 86…

First retail equity crowdfunding deal completed

Start-up bank Xinja has raised $2 million of funding on the Equitise crowdfunding platform, marking the completion of the first retail equity crowdfunding deal under the Government’s new crowd-sourced funding regime. Seventy per cent of investors in the Xinja fund…

Crowdfunding market comes to life with Xinja deal

Australia’s new retail equity crowdfunding market will kick off as early as next month, with news that start-up digital bank Xinja will launch an offer of shares on the Equitise platform. Xinja is in the process of raising $10 million…