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Orbyt spins into neobanking Orbyt Corporation, a fintech startup with an SME focus, is in APRA’s queue with an application for a banking licence. Seasoned executive Angus McBean is the driving force behind Orbyt and he aims to enter the banking sector, under a restricted ADI licence, some time in the third quarter of 2021. McBean, CEO and executive director, brings more than 30 years’ experience. He was CFO at G&C Mutual Bank, then joined neobank Volt Bank as CFO. McBean told Banking Day yesterday that the company had raised around A$7.2 million in capital from sophisticated investors, and has a two-part A-series capital raising in train. ....