Tag: Neobank

Funding has remained a problem for a number of Australian small businesses trying to get out of the COVID-induced slump.

Australian neobank, 86 400, has closed its Series A capital raise. $34m of new equity was raised in March, bringing its total capital to $90m. The funds will help further accelerate product and feature development and support mortgage book growth. The raise, led by international investment bank Morgan Stanley, is one of the largest Australian fintech […]

The top execs of Neobanks are shocked at the huge demand they are receiving from potential customers. To put the demand into perspective, one Neobank – Xinja – has amassed an impressive $100 million in deposits in a time frame of just 19 days. The challenger banks, which are 100% digital, are collectively signing hundreds of […]

Neobank, Volt, has a waitlist of 40,000 people ahead of its launch in early 2020, following its recent announcement of a ‘no catches’ ongoing base interest rate of 2.15 per cent on savings. Neobanks are digital banks that rely on smartphone banking apps or websites for the processing of payments, rather than through the use […]