Sarah Thompson and Anthony Macdonald from The Australian Financial Review have revealed Xinja is set to give its investor base something to think about over the Christmas break.
They point out that Xinja is poised to flag a $5 million equity funding round, to be done via crowdfunding broker Equitise,
“Xinja is one of a handful of local digital start-ups or ‘neobanks’ seeking to take on the bricks and mortar banks.”
The AFR goes on to disclose the raising is expected to value Xinja at about $100 million, on a post money basis.
“The raising is targeted for early in the new year and will be done at $2.04 a share; which is well north of a $1.25 a share deal done at the beginning of this year.”
You can register interest now at the Equitise website.
You can read the full article here: (Please note, the AFR is behind a paywall). You can also read and download our full press release here.