More than 500 small business clients left in banking limbo as Volt closure hits SME money app Parpera
SME money app Parpera told clients to empty their accounts after Volt, the neobank providing banking services, revealed it is shutting shop.
Leading through crisis: How Volt’s Steve Weston kept the neobank alive through the rollercoaster of COVID-19
Weston shares his leadership strategies, drawing parallels between managing 3,000 people and creating a brand new bank.
Neobank Volt continues “prudent and measured” approach to growth, through partnership with global fintech
Aussie neobank Volt has partnered with UK fintech Railsbank, to power up growth after a tricky few months in the sector.
Judo Bank reveals backers behind massive $284 million funding round, amid neobank competition concerns
SME-focused neobank Judo Bank has settled a massive $284 million capital raise, announced late last year, and valuing it at $1.6 billion.
Neobank 86 400 to be acquired by NAB in $220 million deal
Aussie neobank 86 400 is set to be acquired by NAB, combining with the bank’s own digital offering UBank, and marking a shift in the sector.
Xinja returns all customer deposits as it finalises exit from banking scene
Neobank Xinja has become the first authorised deposit-taking institution in Australia to return its deposits to customers, after finalising its exit from the local banking scene.
Judo Bank secures $230 million and unicorn status, as COVID-19 changes the tide of SME banking
SME-focused Judo Bank has closed a humongous funding round, making it the first of the Aussie challenger banks to crack the coveted $1 billion valuation.
The Aussie neobanks are here, but have they delivered?
The neobank revolutions seems to have been on the Aussie tech agenda for years, but the whole sector is arguably still a little short of hitting its stride.
Design done right: The digital banking revolution is only just beginning
Over the past decade, the traditional banking sector has faced immense pressure to ramp up efforts in innovation and user experience.
Neobank battle steps up a gear as 86 400 secures full banking licence
Aussie challenger bank 86 400 has become the latest to be granted its full ADI licence by the APRA, proving itself as a contender in the great neobank race.
Is 2019 still the year of the neobank?
For all the activity going on in the Aussie neobank space, there’s still no fully independent offering in the market. So, where are they?
Aussie neobank race heats up as 86400 sets sights on whopping $250 million raise
Neobank 86400 is setting out on what could become one of the biggest capital raises in Australian history, targeting a whopping $250 million in new funding.
