Ledger. Australian venture funding, tracked

Company

Xinja

Coverage

Stories naming Xinja. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.

Series B $37m

Small business lender Avenue is off its banking P plates

Avenue Bank, a Sydney lender to small businesses, has obtained a full banking licence from APRA, 18 months behind schedule; the article recalls its $37m Series B, Liberty's backing, and neobank failures and sales.

4 deals

Neobank Volt is shutting down after failing to find fresh capital

Startup Daily reports neobank Volt is winding up, returning deposits and selling its mortgage book after a failed capital raise, recapping earlier raises by Judo Bank and Alex plus past neobank failures and acquisitions.

Also Startup Daily

Exit / M&A

Volt urges customers to empty their deposit accounts as the neobank pioneer exits the banking sector

Volt, Australia's first licensed neobank, is closing its deposit-taking business and handing back its banking licence after global capital raising failed, telling customers to move funds; the article recalls Xinja, 86 400 and Judo outcomes.

Also Startup Daily·Startup Daily·Startup Daily·Startup Daily·Startup Daily·Startup Daily

Something wrong? Tell us