xinja holdings limited

xinja holdings limited

The business began in fintech, offering products like prepaid cards and a money management app. Xinja Holdings Limited (September 2017 – current) Strategic Payments Consultant, WooliesX (March 2018 – current) Senior Business Leader Market Development and … Shareholders were not given a further chance to express their concerns and opinions to Xinja Bank’s responses to the questions raised. As you may know by now, shareholders representing more than 20 per cent of Xinja’s issued capital, have joined together to lobby others to vote against two options to be presented to them at a meeting planned to be held at 10:00am Wednesday 17 February. Shareholders were left with unanswered questions and disappointment after today’s Extraordinary General Meeting. Click to view all BSB codes now. “After detailed market analysis it became very clear that this market is rapidly becoming saturated with new entrants, and the limited amount of capital available was not going to be sufficient to achieve a viable market share,” Xinja told shareholders last Friday. “World Investments ceased any interest once the ADI license was surrendered and the funds that were set aside for Xinja will simply go into other investments of theirs,” Mr Gale said. Ltd., which closed a $21 million series A round in April, and Xinja Pty Ltd. with a A$10 million round. Xinja Bank Limited has Australian Company Number (ACN) of 618937054 .According to Australian Securities and Investments Commission, the company was incorporated on 05/05/2017 as a Unlisted Public Company at Registrar of Companies.. Xinja Bank Limited's Australian Business Number is (ABN) 99618937054 and its ACN is 618937054. Xinja LLC. Other Australia-based digital banks that saw funding include retail-focused 86400 Pty. We’re sorry, this service is currently unavailable. Xinja Shareholders Appalled At Meeting 17 February 2021. Xinja became the first Australian bank to return all customer deposits in January after it failed to develop a sustainable business model that would allow it to offer banking services legally. Xinja welcomes the opportunity to respond to the ‘Inquiry into Competition in the Australian financial system’. XINJA™ | PRIVACY POLICY XINJA™ | PRIVACY POLICY | SITEMAP| LEGAL XINJA™ (Xinja Bank Limited ABN 99 618 937 054) has been granted a full banking licence by the Australian Prudential Regulation Authority (APRA) and is an authorised deposit-taking institution (ADI).Xinja Bank Ltd ABN 99 618 937 054 / Australian Credit Licence (ACL) and Australian Financial Services … Xinja chief executive Eric Wilson will leave the company he founded in 2017 due to “family ill health”. By retaining the license, Xinja will have a greater opportunity for success, preserving and then growing the value for shareholders. In meantime do NOT vote on either option presented to you on February 17 as there is another way forward! Congratulations Xinja Action Group members! Xinja’s CEO is leaving, its ditching plans to launch Dabble and has drastically downsized its team until it figures out a way to bring money in the door. Investment firm Mackeller Capital’s chief risk officer Michael Lynch, who was part of an investor push to retain Xinja’s banking license, said “technology dates quite quickly” and few details had been provided on the new business plan. We are still left with unanswered questions and disappointment after the meeting. Xinyi Solar’s strengths are in the R&D, manufacturing automation, process optimization, technical sales support and after-sales services of solar glass products. In Australia, virtual banks such as Xinja Holdings Ltd, Volt Bank Ltd and 86 400 Ltd were forced to cut deposit rates after the central bank announced a series of rate cuts starting early 2020. The purpose of this FSG is to assist you with deciding whether or not to acquire financial services from Xinja. We will keep you updated about our next steps very soon. Xinja Holdings Ltd, doing business as Xinja Bank, provides consumer finance and banking services. On 24 April 2019 Judo Bank Pty Ltd was granted an authority to carry on a banking business in Australia by the Australian Prudential Regulation Authority (APRA). The current board and management need to be refreshed with industry-recognized executives in the financial services sectors. We believe that if the bank is able to retain its license, be recapitalised and repositioned to allow greater opportunity for success, it will better preserve the value for shareholders and provide much needed competition in the banking sector, in the national interest. Select 'Add a new debit card' 3. Xinja Bank Limited (Xinja), as an approved Authorised Deposit Institution (ADI) regulated by the Australian Prudential Regulation Authority (APRA), is required to comply with the disclosure requirements of APS 330 on a Level 2 basis. Presently, Lindley Edwards occupies the position of Chairman of Xinja Holdings Ltd., Chairman of Coral Sea Cable Co. and Chief Executive Officer for AFG Venture Group. There Are Other Options For Your To Recover Your Investment In Xinja11 February 2021. Like you, we have lost a lot of money on this investment and wish to inform you about what is happening in Xinja and options we are putting forward to rescue the bank. for Xinja Bank to wind-up the company, or re-launch as an online platform. Xinja Bank Limited … Feel free contact us with your message on the contact tab at the top of this site. Xinja is an Australian neobank. Neobank Xinja has become the first authorised deposit-taking institution (ADI) in Australia to return its deposits to customers, after finalising its exit from the local banking scene. We are still trying to get our many questions answered by Xinja’s current board and management, as we were not allowed to present our plan to other shareholders in the meeting. Open your Xinja Bank app and select 'Pay & Transfer' then 'Instant Top-Up' 2. These deposit rates are almost three times as high as those offered by the traditional banks. On 9 September 2019, Xinja was granted a banking licence by the Australian Prudential Regulation Authority. “I would hope there’s still some value left in the technology. The business registration date is May 5, 2017. Xinja chief executive Eric Wilson will leave the company he founded in 2017 due to “family ill health”. Xinja has posted a shareholding meeting notice for a name change on April 30, 2021 – nothing else to consider or discuss it appears! “First Penny is not raising money for Xinja and they are no longer an active client of ours.”. Search 15,002 BSB numbers to find the correct bank state branch code for all banks in Australia. Holdings Ltd ACN 617 350 615 (“Xinja”). The possibilities are only limited by your imagination. 4. XINJA™ | PRIVACY POLICY XINJA™ | PRIVACY POLICY | SITEMAP| LEGAL XINJA™ (Xinja Bank Limited ABN 99 618 937 054) has been granted a full banking licence by the Australian Prudential Regulation Authority (APRA) and is an authorised deposit-taking institution (ADI).Xinja Bank Ltd ABN 99 618 937 054 / Australian Credit Licence (ACL) and Australian Financial Services … Whether or not that happens, I don’t know.”. Enter your Debit Card details. To download and view the Notice of Meeting, please click here **Instant Top-Up is limited to $2000 per day, you must top up with a Debit Card in the same name as your Xinja account. “Following the orderly return of our banking licence to APRA, all third party investor negotiations that were based on the holding of that licence came to a logical conclusion,” a Xinja spokesman said. For shareholders who are interested in joining the XINJA ACTION GROUP, please contact us by email https://xinjaaction.com/contact/, Xinja Action Group update 15 February 2021. Please try again later. Xinja - … Most shareholders could not get the chance to discuss other options for the survival of Xinja Bank. To download and view the Notice of Meeting, please click here. PROXY VOTING IS NOW OPEN. Xinja. Instead, they were only allowed to post questions, only a few of which were selected and answered by CEO Eric Wilson and Chair of the Board, Lindley Edwards. Xinja has provided an update to shareholders on 30 April 2021. It is confusing and a mystery to Shareholders as why XINJA Bank has to revoke the ADI whilst recapitalisation options are still available in the market. 2.13. Judo Capital Holdings Limited was granted an authority to be a NOHC (Non-Operating Holding Company) by … The Age and Sydney Morning Herald has previously reported the World Investments contract was highly conditional, despite being presented as a done deal in marketing to potential investors. In Australia, virtual-only banks such as Xinja Holdings Ltd. (Xinja), Volt Bank Ltd. and 86 400 Ltd. had to cut deposit rates after the central bank announced a series of rate cuts starting early 2020. The EGM was held virtually and Shareholders were not given a chance to speak and discuss XINJA Bank’s current situation. Each product is hand designed, crafted and finished by expert artisans. Early investor Mike Samuel said the company was a “sinking ship”. Xinja’s new rate seems to compare favourably against the rest of the market – neobanks and traditional banks included – on Canstar’s savings account database. The messages of support have been strong as we work to: We are actively exploring our many legal options to achieve these goals and resist the current leaders’ attempts to railroad shareholders to agree to either wind-up the company or pivot to a “US share trading platform”  – as was attempted earlier this week at the Extraordinary General Meeting. Learn more. The meeting will be held at the offices of Boardroom Pty Limited; Level 12, 225 George Street, Sydney NSW 2000 and will be broadcast online via Lumi AGM. It’s a big question mark,” he said. The XINJA Action Group, which has a growing number of over 40 members, led by Jade Minerals Investment and Mackeller Capital International, are looking at ways for XINJA Bank to continue its operations in the banking industry, with the ADI kept in the interim to support a future recapitalisation process where the current Board and management team are replaced with industry-acknowledged experts in the finance and banking sector. In March 2020, the Dubai-based Worl… The other two poll results (see below) were hardly surprising as no shareholder wants to vote to wind-up their investment, while the move to transition to a highly dubious pivot to a “US share trading platform” was presented as the only way out for shareholders, who now face losses of up to 99 per cent. XINJA BANK LIMITED (Entity# 618937054) is a business entity registered with Australian Securities and Investments Commission (ASIC). View Xinja (www.xinja.com.au) location in New South Wales, Australia , revenue, industry and description. ... in the past year has been movie theater giant AMC Entertainment Holdings Inc (NYSE: AMC). It is within the rights of the Shareholders to discover and understand the underlying reasons behind XINJA Bank terminating its digital banking journey, shortly after it raised a significant amount of funds during the March to November 2020 period. Please reach out to other Xinja shareholders who might be interested in joining the XINJA ACTION GROUP by visiting our website and by signing up for email alerts here. We believe there is a third option that needs to be considered: We believe that the bank can retain its license – as this is its major asset. We have communicated our concerns and proposal to Xinja’s current management and board and await their response. First Penny Investments’ chief executive Michael Gale, who was involved in brokering the deal, also confirmed it had officially been withdrawn. https://www.reportsonline.net.au/?documentid=028A44DD935D4FE2ABC759DB943DB03E, Xinja should work hard to retain its banking license, We are happy to participate in a capital raising to provide working capital for the bank. The decision to ‘pivot’ away from banking shocked shareholders and customers but the company remained solvent and Xinja’s board sought additional capital to develop a US share trading platform called ‘Dabble’. 2.12. A true gift to yourself or others. CALL NOW TO SCHEDULE A CONSULTATION. We have already had fruitful discussions with a range of other and potential shareholders to inject new capital and provide a viable long-term strategy for Xinja. ”There’s a lot of hesitancy given what’s happened. “What will they do next? We think that is an impressive effort, so we sat down with Xinja's CEO, Eric Wilson, and asked him some questions that we thought would be of interest to other businesses considering raising money through CSF. Xinja told shareholders it will continue to employ four full-time staff and seek a lower public profile as the team begins “designing services and modifying technologies” to attract customers under its new business model. Shareholders attending the EGM were told that the ADI is still held by XINJA Bank but the return of the license by the current Board of XINJA Bank is underway. You would need loads more information.“, Mr Lynch added he was “optimistic” about the start-up’s ability to bounce back. Sign up here. The XINJA Action Group, which has a growing number of over 50 members, led by Jade Minerals Investment and Mackeller Capital International, are looking at ways for XINJA Bank to continue its operations in the banking industry, with the banking license retained in the interim to support a future recapitalisation process where the current board and management team are replaced with industry-acknowledged experts in the finance and banking sector. Retaining the word bank in the name and operating a financial services business won’t wash with APRA, so a second EGM will be needed urgently. To download a copy of the user guide, please see https://www.reportsonline.net.au/?documentid=028A44DD935D4FE2ABC759DB943DB03E. Tabcorp Holdings Limited ABN 66 063 780 709 For personal use only › The Tabcorp Group is a world-class diversified gambling entertainment group. “They also want to leverage ‘the banking technology’ which I’m sure most would agree was underdeveloped before they hung up the ‘closed’ sign.”. It shows the next highest ongoing base interest rate available for online savers is currently 1.50%, with the average base rate at just 0.70%. Xinja has renamed itself TECHSTACK and informed shareholders last Friday that it would now look to generate revenue by sharing its technology with wealth management and banking companies. This FSG contains important information, including: how Xinja may be contacted; what financial services Xinja is authorised to provide to you; how Xinja is paid; and Find related and similar companies as well as employees by title and much more. We are a group of shareholders who represent more than 20% of the issued capital in Xinja. Credit:Dean Richter. Xinja was founded in 2017 by CEO Eric Wilson. The response has been overwhelming from both large and small shareholders who want to fight to keep Xinja Bank and their investments alive. However the company has told Xinja’s largest single shareholder, Jade Minerals Investments (16.5%) that it can not present a third option at the meeting and would prefer a private meeting. For shareholders who are interested in joining the XINJA ACTION GROUP, please contact us for updates here https://xinjaaction.com/contact/ . DAN HATHAWAY 801.836.4068. On 15 January 2020, Xinja Bank launched transaction and savings accounts using the BSB 775-775. Xinja separately confirmed negotiations with Dubai-based World Investments have officially ended – more than one year after the start-up announced $160 million would be transferred “immediately” as part of a $433 million package. Xinja Bank Limited will be holding a General Meeting of shareholders on Friday, 30 April 2021 at 2:00pm (AEST) to put to shareholders a resolution to change the name of the company. We want Xinja to retain its banking license, launch a capital raising, and restructure of the current board and management with industry-recognized executives in the financial services sector. 396 S 1100 W #2. To vote online in relation to the following account, please follow the instructions below: 1 March 2021We were given the shocking news on Friday that the Australian Prudential Regulatory Authority had revoked Xinja’s banking license – the group’s major asset! Founded in 2017 by CEO Eric Wilson, Xinja was granted a full banking license by the Australian Prudential Regulation Authority in 2019. If they can move quickly enough, they can extract value. Xinja Action Group is delighted to announce that after just five days we have amassed a group of more than 50 members – the majority of whom are based in Australia and represent 29 per cent of Xinja’s issued capital! Weirdly, at the EGM too few shareholders voted to change the name of the company to Xinja Holdings Limited. The shareholders in the Xinja Action Group voted against the two options presented at the EGM in a “non-binding poll”– i.e. Australia went live with open banking in July, which was part of a broader piece of consumer data rights legislation. Fallen neobank Xinja’s chief executive Eric Wilson has resigned, with the company abandoning plans to launch a share trading platform after quietly ending negotiations with its Middle Eastern investor. By joining together we can effect change and seek to preserve your investment! Xinja Holdings Ltd, doing business as Xinja Bank, provides consumer finance and banking services. Xinyi Solar is a leading global solar glass manufacturer. However, Xinja has previously stated its shares could be worthless and retail investors are not so optimistic. Xinja’s current management intends to present the options to shareholders at the meeting in a “non-binding poll”– wind-up the company and hand back its banking license or re-launch as an online platform. 1. The name on the Debit Card must match the name on the Xinja account. Xinja Shareholders Still in Dark After Meeting And Polls18 February 2021. The most immediate action is to retain the company’s banking license and not allow the company to hand it back. The current management and board of the company have asked you to vote on two options to be presented at a meeting planned to be held on February 17, 2021. It was indicated that Xinja Bank has received a formal instruction from APRA suggesting that the revocation of the ADI remains the only credible course of action. She is … In Australia, virtual banks such as Xinja Holdings Ltd, Volt Bank Ltd and 86 400 Ltd were forced to cut deposit rates after the central bank announced a … As part of corporate strategic business expansion, Xinyi Solar has made substantial investments in solar farm project development. In 2018, Xinja raised money via crowdfunding to develop its neobanking facilities. Three months later, Xinja is ditching Dabble after management determined the product would not be competitive. Online registration will open 1 hour before the meeting is due to start. We are extremely disappointed that the revocation was prompted by the current management and board of Xinja, without any discussion allowed among the shareholders at our recent Extraordinary General Meeting. It is designed to be a “non-binding poll”– with the options being to wind-up the company and hand back its banking license or re-launch as an online platform. “If they think the market is overcrowded now for US share trading, who is going to be interested in their platform without any runs on the board?” Mr Samuel said. Xinja Action group is delighted to announce the name Xinja Bank will be retained following an attempt by the company’s management and board to dump it at the Extraordinary General Meeting on 17 February. › We operate three market leading businesses: – Lotteries and Keno – Wagering and Media – Gaming Services Keeping the company’s banking license should be the top priority as this is the main asset of the Xinja and we will be taking steps to stop management handing it back. Overseas shareholders should refer to the below user guide for their password details. SYDNEY • Australia granted a new banking licence to online-only lender Xinja Bank yesterday, allowing the start-up to compete against the … Start the day with major stories, exclusive coverage and expert opinion from our leading business journalists delivered to your inbox. Our client Xinja Holdings Limited (Xinja) was the first cab off the rank and recently closed its CSF offer raising in total close to AUD 2.5 million from 1,222 investors. Mr Wilson, Xinja’s founder and chief executive, has stepped down citing family health problems and will be replaced with ex-McKinsey and Goldman Sachs consultant Anna Burton, who joined the neobank’s leadership team around 18 months ago. Xinja was the second Australian neobank to be made an authorised deposit-taking institution. We are weighing up our options in relation to this revocation, as it was at the request of Xinja’s current management and board. The principal address is Sydney, NSW 2000, Australia. Click here for the formal result. Xinja CEO to leave after $433m Middle Eastern deal dies. XINJA™ | PRIVACY POLICY XINJA™ | PRIVACY POLICY | SITEMAP| LEGAL XINJA™ (Xinja Bank Limited ABN 99 618 937 054) has been granted a full banking licence by the Australian Prudential Regulation Authority (APRA) and is an authorised deposit-taking institution (ADI).Xinja Bank Ltd ABN 99 618 937 054 / Australian Credit Licence (ACL) and Australian Financial Services … Xinja was created with the belief that it’s time for Australians to enjoy the benefits of banking competition, innovation and quality of service already enjoyed by customers in … The Americas market. “As part of this pivot a new name and brand will be launched in order to better reflect the new B2B marketplace, and we expect the business to have a lower public profile than our previous incarnation,” Xinja said. Letter from Xinja to shareholders on 12 April 2021…, Xinja Bank Limited will be holding a General Meeting of shareholders on Friday, 30 April 2021 at 2:00pm (AEST) to put to shareholders a resolution to change the name of the company. Below are the details if you wish to vote and attend the meeting online or in person: Password – the postcode registered to your holding if you are an Australian shareholder.

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