Page 4 - உலகம் முதலீடுகள் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Stay updated with breaking news from உலகம் முதலீடுகள். Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.

Top News In உலகம் முதலீடுகள் Today - Breaking & Trending Today

Investors told Xinja would make $138m profit by fiscal 2026

Investors told Xinja would make $138m profit by fiscal 2026
Investors told Xinja would make $138m profit by fiscal 2026
Normal text size
Advertisement
Potential Xinja investors were told the company would surpass $100 million in profit within five years and expand globally, despite the fallen neobank s losses multiplying since inception.
A confidential investor presentation, obtained by
The Age and
Sydney Morning Herald, made forecasts that Xinja would be in the black within two years and post $138 million in profit by fiscal 2026.
Xinja’s financial records show its losses have multiplied since it launched three years ago and auditors have consistently warned of insolvency risks. In 2018, the company reported a loss of $6.5 million, which subsequently increased by more than five-fold to $35.8 million this year. ....

United Arab Emirates , Michael Gale , Brett Caldwell , World Investments , Penny Investments , ஒன்றுபட்டது அரபு அமீரகங்கள் , மைக்கேல் கேல் , ப்ரெட் கால்டுவெல் , உலகம் முதலீடுகள் , பைசா முதலீடுகள் ,

Xinja customers fled neobank as crash loomed

Xinja customers fled neobank as crash loomed
Dec 22, 2020 â 10.35am
Save
Share
Xinja customers were quickly clawing money out of the failed neobank in the lead up to its decision to pull up stumps and hand back its banking licence last week.
Founder and chief executive Eric Wilson has been focused on the safe and quick return of deposits to customers, a Xinja spokesman says.Â
Xinja confirmed it held about $250 million in deposits last week when it ordered customers to transfer their savings to other financial institutions. That was down from about $457 million in deposits at the end of June, according to a disclosure on Xinja s website. ....

United Arab Emirates , Camilla Cooke , Vivan Le , Lindley Edwards , Australian Prudential Regulation Authority , World Investment Group , World Investments , Australian Financial Review , ஒன்றுபட்டது அரபு அமீரகங்கள் , கமிலா சமைக்க , வேன் லெ , லிண்ட்லி எட்வர்ட்ஸ் , ஆஸ்திரேலிய விவேகமான ஒழுங்குமுறை அதிகாரம் , உலகம் முதலீடு குழு , உலகம் முதலீடுகள் , ஆஸ்திரேலிய நிதி விமர்சனம் ,

Xinja dealmaker leaves trail of sour business deals, including with SEEK founder

Xinja dealmaker leaves trail of sour business deals, including with SEEK founder
Xinja dealmaker leaves trail of sour business deals, including with SEEK founder
Normal text size
Advertisement
The dealmaker behind neobank Xinja s mysterious lifeline investment from Dubai has a string of soured business deals behind him, including one involving SEEK co-founder and technology entrepreneur Matt Rockman.
First Penny Investments chief executive Michael Gale was lauded by Xinja for facilitating a $433 million payment from Emirates World Investments. However, that money never came through and Xinja is now in the process of returning its customers deposits and terminating its banking licence with the Australian Prudential Regulation Authority. ....

United Arab Emirates , New South Wales , Byron Bay , Amjad Bakir , Frank Nesci , Ilmars Draudins , First Penny Investments , World Investments , Omran Rashed Abdulla Al Nuaimi , First Penny , Abu Dhabi Based , Kherlen Trading , Sydney Morning Herald , ஒன்றுபட்டது அரபு அமீரகங்கள் , புதியது தெற்கு வேல்ஸ் , பைரன் வளைகுடா , அம்ஜாத் பக்கீர் , வெளிப்படையான நெஸ்ஸி , முதல் பைசா முதலீடுகள் , உலகம் முதலீடுகள் , முதல் பைசா , சிட்னி காலை ஹெரால்ட் ,

Xinja pulls the pin, returns money

Xinja pulls the pin, returns money
Updated
Save
Share
Neobank Xinja will hand back its banking licence and return most of the money to deposit holders before the year is out after the controversial outfit capitulated to the pressure of paying out interest without having a lending product in the market to offset the cash burn.
On Wednesday morning, Xinja published a message on its website stating its high interest accounts and transaction accounts would be closed one week from today while assuring customers their money was safe.
CEO Eric Wilson and Board Director Thomas Vikstrom of Xinja, which is giving up its thrust into banking. ....

Eric Wilson , Monday December , Wednesday December , World Investments , எரிக் வில்சன் , திங்கட்கிழமை டிசம்பர் , புதன்கிழமை டிசம்பர் , உலகம் முதலீடுகள் ,