xinja holdings limited

Click to view all BSB codes now. 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. 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%. 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. 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. For shareholders who are interested in joining the XINJA ACTION GROUP, please contact us for updates here https://xinjaaction.com/contact/ . Congratulations Xinja Action Group members! CALL NOW TO SCHEDULE A CONSULTATION. 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. 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. 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. 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. Early investor Mike Samuel said the company was a “sinking ship”. Other Australia-based digital banks that saw funding include retail-focused 86400 Pty. 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’. Weirdly, at the EGM too few shareholders voted to change the name of the company to Xinja Holdings Limited. Online registration will open 1 hour before the meeting is due to start. In 2018, Xinja raised money via crowdfunding to develop its neobanking facilities. 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 … 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. Whether or not that happens, I don’t know.”. View Xinja (www.xinja.com.au) location in New South Wales, Australia , revenue, industry and description. She is … The name on the Debit Card must match the name on the Xinja account. 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. 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. 2.13. 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. Xinyi Solar’s strengths are in the R&D, manufacturing automation, process optimization, technical sales support and after-sales services of solar glass products. 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 … 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. 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. The current board and management need to be refreshed with industry-recognized executives in the financial services sectors. 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. On 15 January 2020, Xinja Bank launched transaction and savings accounts using the BSB 775-775. The business registration date is May 5, 2017. for Xinja Bank to wind-up the company, or re-launch as an online platform. 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. 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! “They also want to leverage ‘the banking technology’ which I’m sure most would agree was underdeveloped before they hung up the ‘closed’ sign.”. 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. “What will they do next? 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. A true gift to yourself or others. Xinyi Solar is a leading global solar glass manufacturer. 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 … We have communicated our concerns and proposal to Xinja’s current management and board and await their response. 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! 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 By joining together we can effect change and seek to preserve your investment! Xinja Holdings Limited (September 2017 – current) Strategic Payments Consultant, WooliesX (March 2018 – current) Senior Business Leader Market Development and … Find related and similar companies as well as employees by title and much more. 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. “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. 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. Xinja chief executive Eric Wilson will leave the company he founded in 2017 due to “family ill health”. Please try again later. The most immediate action is to retain the company’s banking license and not allow the company to hand it back. Each product is hand designed, crafted and finished by expert artisans. Xinja Bank Limited … 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 … 396 S 1100 W #2. To download a copy of the user guide, please see https://www.reportsonline.net.au/?documentid=028A44DD935D4FE2ABC759DB943DB03E. “First Penny is not raising money for Xinja and they are no longer an active client of ours.”. 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 has posted a shareholding meeting notice for a name change on April 30, 2021 – nothing else to consider or discuss it appears! The EGM was held virtually and Shareholders were not given a chance to speak and discuss XINJA Bank’s current situation. ... in the past year has been movie theater giant AMC Entertainment Holdings Inc (NYSE: AMC). “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. Credit:Dean Richter. First Penny Investments’ chief executive Michael Gale, who was involved in brokering the deal, also confirmed it had officially been withdrawn. Xinja CEO to leave after $433m Middle Eastern deal dies. Xinja Shareholders Still in Dark After Meeting And Polls18 February 2021. The shareholders in the Xinja Action Group voted against the two options presented at the EGM in a “non-binding poll”– i.e. 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. 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). Tabcorp Holdings Limited ABN 66 063 780 709 For personal use only › The Tabcorp Group is a world-class diversified gambling entertainment group. 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 … Feel free contact us with your message on the contact tab at the top of this site. Australia went live with open banking in July, which was part of a broader piece of consumer data rights legislation. The principal address is Sydney, NSW 2000, Australia. The response has been overwhelming from both large and small shareholders who want to fight to keep Xinja Bank and their investments alive. It’s a big question mark,” he said. Overseas shareholders should refer to the below user guide for their password details. XINJA BANK LIMITED (Entity# 618937054) is a business entity registered with Australian Securities and Investments Commission (ASIC). 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. “I would hope there’s still some value left in the technology. We are weighing up our options in relation to this revocation, as it was at the request of Xinja’s current management and board. Xinja is an Australian neobank. Shareholders were not given a further chance to express their concerns and opinions to Xinja Bank’s responses to the questions raised. Sign up here. Xinja has provided an update to shareholders on 30 April 2021. 1. The business began in fintech, offering products like prepaid cards and a money management app. ”There’s a lot of hesitancy given what’s happened. Click here for the formal result. In meantime do NOT vote on either option presented to you on February 17 as there is another way forward! 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. “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. To download and view the Notice of Meeting, please click here Search 15,002 BSB numbers to find the correct bank state branch code for all banks in Australia. The possibilities are only limited by your imagination. We are a group of shareholders who represent more than 20% of the issued capital in Xinja. We’re sorry, this service is currently unavailable. Xinja - … Xinja Shareholders Appalled At Meeting 17 February 2021. 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. Xinja Holdings Ltd, doing business as Xinja Bank, provides consumer finance and banking services. Start the day with major stories, exclusive coverage and expert opinion from our leading business journalists delivered to your inbox. 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. 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. Judo Capital Holdings Limited was granted an authority to be a NOHC (Non-Operating Holding Company) by … Three months later, Xinja is ditching Dabble after management determined the product would not be competitive. DAN HATHAWAY 801.836.4068. You would need loads more information.“, Mr Lynch added he was “optimistic” about the start-up’s ability to bounce back. We will keep you updated about our next steps very soon. Xinja was founded in 2017 by CEO Eric Wilson. 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. 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. However, Xinja has previously stated its shares could be worthless and retail investors are not so optimistic. If they can move quickly enough, they can extract value. 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. Xinja Holdings Ltd, doing business as Xinja Bank, provides consumer finance and banking services. 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. These deposit rates are almost three times as high as those offered by the traditional banks. 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. 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. 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. Founded in 2017 by CEO Eric Wilson, Xinja was granted a full banking license by the Australian Prudential Regulation Authority in 2019. 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. 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. PROXY VOTING IS NOW OPEN. Learn more. There Are Other Options For Your To Recover Your Investment In Xinja11 February 2021. “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. Open your Xinja Bank app and select 'Pay & Transfer' then 'Instant Top-Up' 2. 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. As part of corporate strategic business expansion, Xinyi Solar has made substantial investments in solar farm project development.

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