Founded Year
2017Stage
Dead | DeadTotal Raised
$100.62MResearch containing Xinja
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Xinja in 2 CB Insights research briefs, most recently on Apr 19, 2022.
Apr 13, 2022
406 startup failure post-mortemsExpert Collections containing Xinja
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Xinja is included in 2 Expert Collections, including Banking.
Banking
957 items
Fintech
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Excludes US-based companies
Latest Xinja News
Aug 13, 2021
Australian Prudential Regulation Authority issues stricter standards for banking licences Friday 13 August 2021 12:13 CET | News The Australian Prudential Regulation Authority (APRA) has issued stricter standards for prospective neobanks that apply for banking licences following Xinja’s collapse. Applicants will need to offer an ‘income-generating asset’, like loans, in addition to a depository product. They also will have to establish contingency plans for financial stress, including exit plans for winding down. The new regulation covers obtaining a full banking licence, a prerequisite for neobanks to garner funds from the public in Australia. According to eMarketer , the regulator’s move would help to avoid a repeat of Xinja’s demise, which had to return deposits to its customers after burning through its cash.
When was Xinja founded?
Xinja was founded in 2017.
Where is Xinja's headquarters?
Xinja's headquarters is located at Sydney.
What is Xinja's latest funding round?
Xinja's latest funding round is Dead.
How much did Xinja raise?
Xinja raised a total of $100.62M.
Who are the investors of Xinja?
Investors of Xinja include World Investments and Equitise.
Who are Xinja's competitors?
Competitors of Xinja include Judo Bank and 3 more.
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