Xinja dumped auditor, struggled to deliver services prior to fall
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Xinja dumped auditor, struggled to deliver services prior to fall
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Fallen neobank Xinja switched auditors and had trouble delivering services to customers during its final year of operation, as it struggled to secure the cash needed to stay afloat.
Corporate documents, obtained by
The Age and
The Sydney Morning Herald, show Sydney-based firm Grant Thornton ceased to be Xinja’s auditor in April, with its last financial statement warning the neobank temporarily breached its minimum capital requirements.