“We think this is the largest single investment in an Australian neo-bank or startup and with exceptional customer acquisition and deposit growth, positions Xinja as a front runner in the Australian neo banks market”. 24/03/2020. Eric CEO
This announcement is still on the Xinja website, it still says $160m will be invested immediately and the remaining $273m over the next 24 months.
It is now 3 and 1/2 months later and no money has been received from World Investments, deposits have fallen ( as per Regulator stats) and going by app ranking I have to assume customer acquisition is no longer exceptional.
I appreciate the brief comments in the last investor update ( largely blaming Covid19) however it does seem like it’s time to update the website rather than let current and future investors ( people are offering to buy and sell Xinja shares on this site), journalists and customers think this much trumpeted investment has happened.