The Australian:
Xinja pulls off $433m raising without public burden

The Australian: Xinja pulls off $433m raising without public burden

Gerard Cockburn of The Australian writes that Xinja landed a multimillion-dollar investment that it believes would have been unattainable in the current coronavirus climate, had it been a listed company.

The Australian digital bank has attracted a two-year cash injection of $433m from United Arab Emirates wealth fund, World Investments, with an upfront handout of $160m already provided.

“Private investment is financially a more stable path for its growth strategy.” – Eric Wilson

You can read the full article here: (Please note, The Australian is behind a paywall).

You can read our full press release here.

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