Business
Volt boss says neobanks can still challenge the sector – Sydney Morning Herald
Volt Bank founder Steve Weston says the neo banking sector will thrive in Australia despite the capitulation of two rivals.
Volt has raised $7 million from investors in recent months, according to filings with the corporate regulator, and expects to announce major corporate partners for its banking as a service platform as soon as this month.
Analysts have been questioning the future of Australias neobanks as challengers to the traditional players after two of the four startups which received banking licences were effectively put out of action.
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