volt bank Archives

Neobank Volt is shutting down after failing to find fresh capital

Simon Thomsen - June 29, 2022 3 MIN READ

Neobank Volt has become a victim of tightening investment market announcing it will shut down after struggling to raise capital. The online-only retail bank was the first challenger brand to receive a new banking licence in 2019. A statement posted on its website today announced it is closings all deposit accounts and will hand its… Read more »

Topic

Xinja Bank breaks own equity crowdfunding record with $2.59 million raise

Gina Baldassarre - March 5, 2019 2 MIN READ

Neobank Xinja Bank has broken its own equity crowdfunding record, raising just under $2.59 million from over 1,500 investors in its second campaign.

Topic

volt bank partners with PayPal as Up launches with Bendigo and Adelaide Bank

Gina Baldassarre - October 9, 2018 2 MIN READ

The battle of the digital banks is on, with new offering Up launching today as volt bank announces a partnership with PayPal.

Topic

Digital bank Volt secures restricted authorised deposit-taking institution licence

Gina Baldassarre - May 7, 2018 2 MIN READ

APRA has authorised fintech Volt as a restricted authorised deposit-taking institution, making Volt the first of the digital banks to secure the licence.