Investor · 1 deal
Dubai
Every published round World Investments took part in, and every parcel of existing shares it bought off another holder. Deals we hold but haven't published yet are not counted.
| Company | Stage | Announced | Amount | Role | Alongside | Sources |
|---|---|---|---|---|---|---|
| Xinja | Unnamed stage | Mar 2020 | $433m | Participant | SmartCompany, Techboard, Startup Daily |
Companies World Investments has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| Xinja | Mar 2020 | 1 | 0 |
Fund closes reported for World Investments, as distinct from the investments it has made.
Companies World Investments has backed that another company then bought. An exit for the holding, not a deal World Investments did.
Stories naming World Investments. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Xinja is handing back its banking licence and closing accounts after failing to secure promised funding, despite several past raises; it hopes to continue its delayed US share trading product Dabble.
Neobank Xinja is shutting its Australian banking operations, handing back its ADI licence and returning deposits, blaming COVID-19 and difficult fundraising, while pivoting to its US share trading product.
Also Startup Daily·Startup Daily·Startup Daily·Startup Daily·SmartCompany·SmartCompany·SmartCompany·Startup Daily·Startup Daily·Startup Daily·Startup Daily
Emirati investment firm World Investments is committing A$433 million over two years to Australian neobank Xinja Bank, taking a major stake, in a deal brokered by First Penny Investments.
Also Techboard·SmartCompany