Australian Challenger Bank Xinja Raises $260mn

Australian based digital bank Xinja has raised a massive $260mn investment round from Dubai-based investor Emirates World Investments; Eric Wilson, CEO and founder of Xinja, said to AltFi: “We know that this is a very difficult time for Australia and the world, and considering the health crisis we are all facing, this is not a time to celebrate. I believe Xinja’s mission to help Australians make more of their money is going to be even more important in the coming year.”; the company will receive almost $100mn immediately, with the remaining investment occurring over the next two years; Xinja has more than 45,000 accounts with $270mn in deposits so far. Altfi

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    With efforts in many different areas of the team, she helps manage, organize and execute digital and event content. She works with webinars, podcasts, social media along with managing the hundreds of speakers that attend our conferences. Emily was a part of the Zimmerman Advertising Program at the University of South Florida. She graduated in 2019 receiving a Bachelor of Science in Business Advertising.