Xinja seeks shareholder support for plan to relaunch as US share trading platform
Exclusive
Fintech

Xinja seeks shareholder support for plan to relaunch as US share trading platform

Investors in the fallen neobank will have the opportunity to vote on a “non-binding poll” on the company’s future at an online event this month.

  • byCharlotte Grieve

Latest

World Investments CEO casts doubt on $433m Xinja deal

World Investments CEO casts doubt on $433m Xinja deal

The head of an Emirati investment group negotiating with neobank Xinja has cast doubt over a lifeline deal.

  • byCharlotte Grieve
Claims Xinja investors spooked after'red flags'in cyber security audit

Claims Xinja investors spooked after'red flags'in cyber security audit

A Las Vegas headquartered online security firm Says Xinja customers were at risk of a sophisticated cyber attack after he found critical flaws in the neobank's customer due diligence and security.

  • byCharlotte Grieve
Fallen neobank Xinja returns customer deposits

Fallen neobank Xinja returns customer deposits

The neobank has returned more than $252 million to customers and will hand back its banking licence within weeks,says APRA.

  • byCharlotte Grieve
Fallen neobank Xinja probed by secret US website offering $1m rewards

Fallen neobank Xinja probed by secret US website offering $1m rewards

The US-registered website has offered cash and whistleblower protections for insider information on the $433 million deal brokered by First Penny Investments that never materialised.

  • byCharlotte Grieve
'Not one introduction':Xinja dealmakers'clients complain of false promises

'Not one introduction':Xinja dealmakers'clients complain of false promises

First Penny Investments has cost start-up founder Rod Lewis around $40,000. But after one year,he says he's not received any leads.

  • byCharlotte Grieve
Advertisement
False promises and the story of Xinja's decision to exit banking

False promises and the story of Xinja's decision to exit banking

Xinja burst onto the scene three years ago promising to shake up the banking industry. But now it's exiting banking,so what went wrong?

  • byCharlotte Grieve andColin Kruger
Investors told Xinja would make $138m profit by fiscal 2026

Investors told Xinja would make $138m profit by fiscal 2026

A confidential investor presentation shows Xinja expected to be in the black within two years,despite two auditors warning it was at risk of being insolvent.

  • byCharlotte Grieve
Xinja dealmaker leaves trail of sour business deals,including with SEEK founder
Exclusive
Investing

Xinja dealmaker leaves trail of sour business deals,including with SEEK founder

First Penny Investments CEO Michael Gale is in the business of helping start-ups find capital. But current and former associates say Mr Gale over-promises and under-delivers.

  • byCharlotte Grieve
Xinja dumped auditor,struggled to deliver services prior to fall

Xinja dumped auditor,struggled to deliver services prior to fall

The neobank that promised the world has pulled the pin on banking services and customers have seven days to transfer their money to another account.

  • byCharlotte Grieve
Perth entrepreneur takes on rideshare giants with Australia's first'Uber for pets'

Perth entrepreneur takes on rideshare giants with Australia's first'Uber for pets'

Animal lover Terry Butts came up with the idea of offering pet owners an A-grade transport service after seeing a St Bernard crammed in the front seat of a tiny Toyota Camry.

  • byMarta Pascual Juanola