Business
Xinja share-trading platform ‘not a pivot’ – The Australian Financial Review
The deposit-taking bank’s launch of a US share-trading product may suggest the need for start-up banks to generate revenue after raising millions of venture financing and luring hundreds of millions in retail deposits.
He said that as a neobank Xinja did things differently and the zero-commission trading was an example of how it was thinking hard about how people, over the long term, can access the worlds biggest market, to grow their wealth”.
We will continue our plans to bring out other products, including lending, in a couple of months, he said.
The Xinja statement confirmed Dabble will charge an $8 per month subscription fee and a 1 per cent foreign exchange fee, consistent with coding found on its websi…
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