Business
Failed Xinja spruiked Dubai injection to prospective investors – The Australian Financial Review
Former employees have suggested Xinja made poor decisions such as signing an expensive long-term lease at the former headquarters of Facebook in Australia when…
Xinja noted in its accounts for July 2020 that the World Investment Group deal was a non-binding memorandum of understanding for an initial investment of not less than $US100 million upon meeting the conditions of the agreement.
Xinja on Wednesday announced it will hand back its banking licence to the Australian Prudential Regulation Authority and return most of its money to deposit holders before the year is out. The neobank capitulated to the pressure of paying interest on $457 million worth of…
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