Media Release:
Xinja launches second equity crowdfunding campaign on Equitise platform

  • Pioneer neobank Xinja offers shares at $2.04 each, with minimum investment of $255
  • First equity crowdfund, launched in Jan 2018, is still most successful retail raise since equity crowdfunding legislation passed in Australia
  • Capital raise follows APRA granting Xinja a restricted banking licence
  • More than 23,000 people have signed up to the Xinja app, and Xinja has issued 8,000 cards, currently in use in 17 countries a day on average
  • Raise has passed minimum of $500,000 in less than 9 hours.

For more information visit

SYDNEY, Australia — January 14, 2019

Pioneer Australian neobank Xinja today gives everyday Australians another chance to join the digital banking revolution by purchasing shares through leading equity crowdfunding platform Equitise. The raise – opened early to existing investors, customers and people who had registered interest – has passed the minimum of $500,000 in less than 9 hours.

Xinja, a digital neobank designed entirely for mobile, last month received unprecedented expressions of interest when its second equity crowdfund to begin in early 2019 was announced on Equitise.

With shares available from today on the Equitise platform, Xinja Chief Executive and founder Eric Wilson said he’s confident there will be early and consistent interest from investors who want to help shake up Australia’s banking system.

More than 23,000 people have signed up for the Xinja app and 8,000 tap-and-go Xinja cards have been issued. The card is in use in 17 countries a day, on average.

“A year ago, when Xinja was the first company to launch an equity crowdfunding campaign, we raised more than half a million dollars in less than 18 hours,” Mr Wilson said. “A lot has happened since then.

“We can now call ourselves a bank: we have a restricted banking licence, more products in development, and we have the momentum to become partners with thousands more Australians,” he said.

Co-founder of leading equity crowdfunding platform Equitise, Jonny Wilkinson, said since the last raise Xinja has continued to receive significant interest from investors, customers and the Australian public. The company was keen to do another raise because it wants to build a bank for its customers, with its customers, which is one of the real advantages of equity crowdfunding.

“Xinja hit the ground running with its first equity crowdfund and interest continued to remain strong from previous and new investors who were keen to know when the next raise would be,” Mr Wilkinson said.

“Xinja is a fantastic example of the power of equity crowdfunding where ‘the crowd’ is given the opportunity to back a company they believe in.”

Xinja will issue shares at $2.04 each, with a minimum parcel of $255 for each investor, with expectations of raising up to $5 million.

In 2018, Xinja successfully closed its first crowdfund, reaching its minimum funding goal within 18 hours and raising a total of $2.7 million. This initial crowdfund campaign was pitched at $1.25 a share and added more than 1,220 new investors to the Xinja share register.

“Nearly to the day, Xinja has returned for its second raise, gearing up for a hugely exciting 2019 after recently receiving its RADI (restricted authorised deposit-taking institution licence) from the Australian Prudential Regulation Authority. This creates a really exciting investment opportunity for Australians,” Mr Wilkinson said.

Mr Wilson said Xinja is now a step closer to delivering real competition in the local banking market. “We are now working towards a full banking license from APRA (in 2019 subject to regulatory approval) we have ambitious plans in place for the years ahead,” he said.

“We’re all about making banking easy. We’re about banking technology that more closely resembles what people expect from innovators and disruptors, like Netflix or Uber, as opposed to old-style, bricks and mortar-based banking.

“We want people to make better decisions about their money. Getting them on board, as early shareholders, also helps us build a better bank.”

Recently, the fintech welcomed neobank pioneer Brett King as a permanent adviser and appointed Tesla senior engineer Thomas Vikstrom to its board. Both men bring high levels of innovation to their thinking. Mr King is a former adviser on banking to the US White House, and launched the world’s first mobile, downloadable bank account with Moven.

Products now available:
Xinja prepaid spend and travel card allows customers to try out Xinja with a low commitment product and track their disposable income. Xinja charges zero atm withdrawal fees – domestically and internationally – and refunds 100% of currency conversion fees. The ability to track holiday spend and see both currencies against transactions in the app, plus the app’s instant card lock for security, make it a competitive travel card.

Xinja home loans are not available to the public but a beta version has been released to friends and family; Xinja has an ACL (Australian Credit Licence) and plans to roll out home loans to the public in parallel to bank accounts (subject to regulatory approval).

For more information visit


For further information please contact:

Michelle Innis

P&L Corporate Communications

[email protected]

61 2 9231 5411

61 414 999 693



Nancy McDonald


[email protected]

61 474 432 437


You can download this press release as a PDF here.


About Equitise: Equitise is an online equity crowdfunding platform connecting startups and high growth businesses with a broad range of investors. We help businesses grow and thrive in a simple, intuitive and social way by disrupting the investment marketplace and removing the traditional funding barriers and costs.


XINJA™ (Xinja Bank Limited ACN 618 937 054) is authorised by the Australian Prudential Regulation Authority (APRA) to operate under a Restricted Authorised Deposit-taking Institution (RADI) licence until 16th December 2020. Under this licence we are not required to meet the full ADI prudential framework. We will only offer bank accounts to the general public when we become a full ADI. You can still apply for other Xinja products. More information about Xinja’s RADI licence is available at

Like any investment, Crowd-Sourced Funding (CSF) is risky. Investors may lose their money and the business may not achieve its objectives. You should consider the CSF offer document and the general CSF risk warning contained in the offer document in deciding whether to apply under the offer.

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