Xinja
Share on
Xinja Get in on the bank job. Help us build Australia’s first independent, 100% digital bank.
  • Consumer Products
  • Finance
  • Mobile Apps
  • A$2,409,000

    invested

  • 481.8% funded

  • 0

    time left

  • 1.2% - 7.0%

    min - max equity offered

  • A$500,000.00 - A$3,000,000.00

    min - max investment sought

  • A$250.00

    min investment parcel

OFFER IS CLOSED
New Payments platform and Pay ID

Hi Team,

In the future, will Xinja be looking to leverage the capacities of the NPP and PayId platforms recently released?

Thanks,

Dylan

Dylan Jobson posted on 31.03.2018

Hi Dylan,

Thanks for the question!

We are exploring NPP and a number of other exciting developments in the payments space.

Hope that helps, more info to come in the not-too-distant future.

Thanks
Betsy

Betsy Westcott posted on 10.04.2018

Replied to Dylan Jobson

Minimum capital required to offer mortgages

Hi Team,

I note that you have numerous plans listed for accessing funds via wholesale and debt markets..

Just curious , roughly how much initial capital do you think would be needed to launch and 'fund' first mortgage customers?

Under section:

Hi Team,

I note that you have numerous plans listed for accessing funding sources..

Just curious , roughly how much initial capital do you think would be needed to launch and 'fund' first mortgage customers?

In 2.14. Forecasted Financials
Under Mortgages ,

Average Loan size = $500,000
Weighted Average Life of a
mortgage = 4.00

Is this based on the assumption of an interest only investors mortgage rather than 'Owner Occupier's?
Is it possible to describe how this average was arrived at?

Dylan Jobson posted on 24.03.2018

Hi Dylan,

Thanks for the question mate, as one of our earliest Xinjas you are always welcome here :)

Let me see if I can do justice to your questions.

How much initial capital will we need to fund the first mortgages?
That's a tough question to answer because there are a number of variables, such as how big are the first mortgages, what are the final contractual terms with our funding partners, which of our future funding partners will we use with each mortgage. As you would expect however our first mortgages have tiny margins as our cost of funds is pretty high, as we start to mature we are able to drop our cost of funds and make more margin without impacting the customer negatively.

Average loan size in Australia, depending on which source you use is quoted as being between $400 and $500k, as our demographics are concentrated around the larger cities where property prices are higher we used A$500k as the number for our modelling. However you should do your own research and decide if you think thats a reasonable number. If we have over estimated it then our revenue and profit will be lower than the model, and of course vice versa.

Average life of a home loan in Australia, again depending on which source you use is between 3 and 4 years...which I know is really surprising. As we are going to have a strong leaning towards residential owner occupier loans we have used the 4 year time line. Again do your own research, see if you agree with us, as if we have got it materially wrong it will effect our financial estimates.

Hope that helps Dylan, look forward to more conversations in the coming months!

E

Eric Wilson posted on 25.03.2018

Replied to Dylan Jobson

A few questions from a potential investor

Hi Team Xinja,

Great work so far, I note that the prepaid/travel card was just launched (please note N26 and atm withdrawals!). Also agree with management's strategy in launching a mortgage product to achieve underlying profitability early on, as I (as do many other investors) find it mind-boggling how VCs can continually convince themselves to fund growing losses given tech companies consistently fail to demonstrate the ability to convert market share into profitability.

A few questions from me with regards to your offer:

a) With regards to retail investors coming into Tranche B / at this early stage, is it fair to say that any future capital raises will be appropriate priced (relative to Tranche B investors), subject to the amount of de-risking that would have been achieved by then (e.g. obtaining licences, product launches etc.)?

b) Should Series B Tranche 2 not meet the maximum $3m you're seeking, would you look to raise the shortfall via increasing Series B Tranche 3? How was the $10m determined, is it adequate in covering for the expenses required to take Xinja through the product road-map as outlined on pg 14? Based on discussions thus far, are you confident in securing the remaining Series B Tranche 3 of $2m?

c) With respect to the 24.3m founders shares currently held, how much of this is held by the senior management team? (it's not clear whether 'founders' implies management or otherwise)

c) Given Xinja’s capital structure (like any other FI's) will inevitably be dependent on funding via the external debt capital markets to fast-track growth, are you able to elaborate abit more (in addition to what is mentioned on pg32) as to the funding arrangements that you are trying to put in place to best mitigate this risk at the outset when you are most vulnerable? (particularly at this point of the cycle where rates are trending up , growing talks of potential equity market melt-up, rising volatility etc.)

e) Are you able to elaborate somewhat in terms of your marketing team's credentials?

Finally just wanted to share an article that I read whilst researching the industry, would be interested in your views (given domestic banks have had quite some time to roll-out their own respective digital platforms), but nevertheless thought this article might be a useful read in terms of how you'd want to maximise your future brand positioning.
https://www.rfigroup.com/content/media-release-banking-sector-continues-evolve-digital-only-banks-are-losing-appeal-globally

Appreciate your time and look forward to your response.

Kind Regards,
Phillip


Philip Yuk Yin Li posted on 21.03.2018

Hi Phillip,

Thanks so much for your thoughtful questions. A number of them are covered elsewhere in these Q&As so I have tried to focus on the new areas.

a) With regards to retail investors coming into Tranche B / at this early stage, is it fair to say that any future capital raises will be appropriate priced (relative to Tranche B investors), subject to the amount of de-risking that would have been achieved by then (e.g. obtaining licences, product launches etc.)? 

I think the most important thing here is to point out is that the founders shares are materially the same as all the investors shares. So our interests are absolutely aligned to our shareholders. If you win, we win and vice versa. The situation you describe above is certainly how we hope things will play out, but Xinja is a start up and there is a real risk we might not follow that easy path. You should make sure you are happy with that before investing.

b) Should Series B Tranche 2 not meet the maximum $3m you're seeking, would you look to raise the shortfall via increasing Series B Tranche 3? How was the $10m determined, is it adequate in covering for the expenses required to take Xinja through the product road-map as outlined on pg 14? Based on discussions thus far, are you confident in securing the remaining Series B Tranche 3 of $2m?

Lots of questions here, most of which have been answered in other questions. Perhaps the easiest thing to say is that we are confident of reaching the A$10m targeted in total for Series B by the time the crowdfunding finishes or shortly after. Indeed we actually expect to be able to go past the A$10m target if the Board chooses to do so.

c) With respect to the 24.3m founders shares currently held, how much of this is held by the senior management team? (it's not clear whether 'founders' implies management or otherwise)

The vast majority is held by us, the senior management team, most of whom also refer to themselves as co-founders.

d) Given Xinja’s capital structure (like any other FI's) will inevitably be dependent on funding via the external debt capital markets to fast-track growth, are you able to elaborate abit more (in addition to what is mentioned on pg32) as to the funding arrangements that you are trying to put in place to best mitigate this risk at the outset when you are most vulnerable? (particularly at this point of the cycle where rates are trending up , growing talks of potential equity market melt-up, rising volatility etc.)

Due to the commercial sensitivity of these matters we won’t be releasing any more information beyond what is in the available material. If you are unable to make yourself comfortable on the basis of the information available, you should not invest.

e) Are you able to elaborate somewhat in terms of your marketing team's credentials?

Again, we don’t wish to go beyond the materials already provided. Perhaps if you require further data it might be worth googling the PR and Marketing exposure that Xinja has already gained and making your own judgement off the back of that.

f) Finally just wanted to share an article that I read whilst researching the industry, would be interested in your views (given domestic banks have had quite some time to roll-out their own respective digital platforms), but nevertheless thought this article might be a useful read in terms of how you'd want to maximise your future brand positioning. 

I think you have to be super careful with these kinds of articles. Who wrote them? Who sponsored them? Who provided the data for them? It always pays to be super cautious with % statistics like those used in the article because who knows how many people they surveyed…5 or 5million…which market? Which segment of that market? Personally, I like to rely on hard data rather than opinion when making investment decisions. There is heaps of actual, relevant, recent data on neo bank customer acquisition. Monzo’s customer acquisition numbers and their monthly growth rate in the UK, or perhaps K bank in Korea, they are all openly available...I think when its your own hard earned cash it's wise to do your own research, and form your own opinion.

Thanks again for your questions.

All the best

E

Eric Wilson posted on 23.03.2018

Replied to Philip Yuk Yin Li

Where did the name Xinja originate

Could you please give me the background regarding the name Xinja

antony stroumos posted on 21.03.2018

It was actually a bit of fun! We were looking for something short, punchy and with a bit of zing (or yes, 'xing') and we liked the rhyming with Ninja - Xinja your money Ninja? You betcha!

Betsy Westcott posted on 21.03.2018

Replied to antony stroumos

CAC and LTV forecasts

... and one other question in regard to CAC and CAC/LTV ratio (on mortgage business), are there estimates on CAC and LTV (beyond mortgage term), with cross-sell opportunities?

Thanks again ..
Mark

Mark Potts posted on 15.03.2018

Hi Mark,

Thank you for your second post.

As you would be aware CAC is highly commercially sensitive. At this point we have nothing further to add than the discussion outlined in the paper. We would strongly suggest doing your own further research on CAC to assist in making your investment decision.

Thanks!

Betsy Westcott posted on 16.03.2018

Replied to Mark Potts

Technology Strategy and dependencies

Hi,

Was wondering why the technology strategy includes outsourced development, even with aligned interests and equity investment, as a technology company, having this capability in-house would seem prudent. How will the relationship evolve and is there any intention to mitigate the risk of a third party software development partner, required agility, and commercial rates/costs, with internal capabilities?

Cheers
Mark

Mark Potts posted on 15.03.2018

Hi Mark,

As you would expect we have a range of options available to us with development of technology.
As always with these discussions it is a balance between outsourcing risk of development, bringing globally advanced technologies to Australia, and managing the direct control of development teams. We believe we have struck a strong balance, and at all times leave the option open to changing the mix when it works best for us.

Thanks for your questions!

Betsy

Betsy Westcott posted on 16.03.2018

Replied to Mark Potts

Couple of questions

Hi Xinja Team,
First of all congrats on getting more than allotted money through CSF....it means people believe in your vision. I have couple of questions though for you
1. For any online only product, you need more customers…..While at the moment you are concentrating on Aus market, do you have any plans to foray into other geographies as well.
While it sounds logical to do so it might be difficult to go in different market quickly …. as the product is not a chat or message app but a banking product with regulatory impact
2. At Xinja, you say ‘How Money should Be’….so does it mean that you would eventually try to provide all the services related to money – such as share investing, international money transfers etc etc apart from home loans and deposits?
3. In a digital world there is a completion for you from every corner , not just from traditional banks coping up digitally– such as Whatsapp coming up with money transfer option (with their own payment bank) . So what would be your competitive strength in this regards?
4. How exactly your app support will work? – Will you be having 24*7 online support ?
What are your views on this?
5. With money comes the question of security! (Please don’t think that I am questioning the security for the app) So how exactly you think you can tackle the security question – with respect to the data stored in cloud as well as payment or processing of funds by users.


Regards,
Kedar

Kedar Agashe posted on 14.03.2018

Hi Kedar,

Thank you for your thoughtful questions.

1. We're certainly considering other geographies, but focused on Australia for now. As you say, there are complications with overseas expansion, but these are not insuperable. Setting that aside however, the projections in the offer document are entirely based on Australia. We are looking at a very modest market share in Australia, which we think is achievable based on what we've seen happen overseas and the traction we have achieved to date. We have been conservative in these figures. However none of this is of course guaranteed and you should consider the risks for yourself before making any investment.

2. For the first year, we will be focused on the key launch products of the app and prepaid card, home loans and (subject to our receiving a banking licence) the transaction account. We are then planning to roll out other products and in the longer term we are certainly planning to extend our business model to include a 'marketplace' component, whereby we will be able to offer a range of value added services to customers from our platform. The scope of this - the exact nature of these services - is not yet defined. Whilst this is part of the strategic roadmap, this is not included in the business model presented in the offer document.

3. As we've always said, increased competition for us is good news for customers! It is a great indicator of the appetite for and viability of new banking and financial services experiences. There will certainly be tranches of the population, customers of existing non-financial brands, who migrate to these services as they roll out. However, we're confident that the quality of the overall customer experience we will provide together with - as we roll out - a more comprehensive solution will help maintain and grow the customer base. You might also be interested in our comments replying to Jackie Chen's question below.

4. We are launching with in app chat support from 8am-8pm and 24/7 phone support. We will consider extending live chat to 24/7 as we grow - it's something we're monitoring closely- and this will be driven by what our customers want and request.

5. This is a very important question so thank you for asking and forgive the long answer! Security is of critical importance to our customers, and arguably becoming more so as cybersecurity issues proliferate. Neobanks in some ways will have advantages in that it will be easier for them to deploy newer technology - such as biometrics, facial recognition, geo location - for immediate monitoring. In the medium term, if we are successful in becoming a RADI (restricted authorised deposit-taking institution) we will be governed by all the compliance of any bank so you can expect standard bank levels of security as a minimum (together with related monitoring and reporting) We are setting appropriately high standards for cyber security, customer and financial data protection (aligned to ISO27001).

Betsy Westcott posted on 16.03.2018

Replied to Kedar Agashe

Technology stack

Hi Xinja team - a key differentiation between yourself and the traditional banks is that you have no legacy technology/patterns to maintain since you're building from the ground up. If it's not commercially sensitive, can you advise what type of technology are you planning to use? Some specific questions: 1/ Are you building a bespoke banking register or buying an off the shelf solution? 2/ Are you hosting your infrastructure on premise or on one of the cloud providers (eg AWS/Google Cloud Platform/Microsoft Azure)? 3/ Are you planning to use a cross platform mobile solution so both iPhone & Android users get the same functionality?

Thanks.

Andy Tang posted on 12.03.2018

Hi Andy,

Great question!

Xinja's business vision is to differentiate itself from traditional banks by creating a new customer experience of money and personal finances. We will be building out a range of traditional and innovative banking products and services to be delivered to customers via the Xinja app.

Our IT strategy is to create a secure, compliant technology foundation for our core banking deposits and lending products to satisfy regulatory requirements for our ADI licence and to progressively build this out to create a 'platform ecosystem' where we can innovate with new partners and fintechs to deliver differentiated services using open APIs.

The core banking platform we have selected is a 'lightweight' core banking system that has over 180 global implementations, but has not yet been implemented in Australia. We are currently working with our core banking partner and regulators to implement this in AWS where it would essentially run 'as-a-service' in their NSW data centres. We have gone through an extensive evaluation process to select this product which we believe gives us significantly greater flexibility to design and implement new banking products, with high speed to market and lower run costs than traditional core banking systems.

We will be developing a cross platform mobile app experience for iOS and Android users.

I hope that answers your question.

Thanks
Betsy

Betsy Westcott posted on 14.03.2018

Replied to Andy Tang

What does Xinja value the most

Hi Eric, Thank you for taking the time to go through each individual query. I have a question regarding the company's priority/assets. What do you view as the most important for Xinja? 1) Shareholders, 2) Employees, 3) Customers, 4) Technology? You are welcome to discuss all four, but I would like to hear what do you view as #1.

Rommero Lagoeiro Carrillo posted on 01.03.2018

Thanks Rommero, what a great question and not one I am sure has a simple #1 ranking answer as you ask.

Firstly I would like to challenge the assumption, that Shareholders, Employees and Customers have competing priorities and interests. I suppose the obvious question is around do we give profit to shareholders, a better deal to customers or give our staff a pay rise?
The common narrative is often that an organisation can only do one, and I guess that's sometimes an easy way to justify unpopular decisions. However the roles, certainly as far as Xinja is concerned are very fluid. Our customers, shareholders and staff are often the same people, and that's just how we like it.
Besides if we offer a better deal to customers, we will sell more products, which means our shares are more valuable, which means our staff and shareholders are happy, and will provide more capital to use. In my opinion its all part of one big virtuous circle....when you start treating shareholders as the enemy of customers, or customers as the enemy of staff it all goes horribly pear shaped and you create a vicious circle.
I know that's not the answer you were after and you wanted me to rank those 4 items, but I dont believe that they are a competing hierarchy, but more a symbiotic ecosystem. My job as the CEO is to view each of those first three as equal priorities. Indeed I started Xinja to rebalance those priorities in the banking industry. As for technology i see that as purely an enabler to give our customers an awesome experience, our staff the ability to please our customers without stress and our shareholders low, scaleable operating costs.
Cheers
E

Eric Wilson posted on 01.03.2018

Replied to Rommero Lagoeiro Carrillo

Maximum amount.

I see the minimum amount to invest is $250.

This may seem like an odd question but is there a maximum amount that can be invested?

I, myself may not have such an amount but I was curious none the less.

Thanks.

Heath Smith posted on 24.02.2018

Hi Heath,

Great question! As a retail investor, the maximum amount you can invest is $10,000.

Thanks
Betsy

Betsy Westcott posted on 24.02.2018

Replied to Heath Smith

A question via a direct email to Xinja regarding our Net Interest Margin...

I'm considering the equitise offer and had a question:

Do you expect your NIM to be better or worse than a big4 bank and why?

Betsy Westcott posted on 19.02.2018

Good question around NIM.

For those that don't know the acronym, NIM stands for Net Interest Margin, or how much revenue Xinja will make on each home loan.

Unsurprisingly when we first start out the big banks will be making a larger NIM than us, this is because they can raise money to lend out much cheaper than us...mostly from your deposits.

As we get bigger, build deposits and get access to cheaper funds it's possible we will be able to generate a larger NIM as well, plus we can combine that with a lower cost of operation from our scaleable technology, no branch network and no legacy IT.

What that means is extra wriggle room to go into cheaper home loans, new technology for customers as well as a good return for investors.

We absolutely believe in the ability to give a better, faster cheaper product to customers whilst also being profitable.

As always though I would encourage you to do your own analysis, look at average NIMs around the world, look at what some of the overseas neo bank NIMs are, then localise that to Australia. The NIM is at the heart of Xinja's profitability so make sure you are absolutely comfortable with your analysis.

Betsy Westcott posted on 19.02.2018

Replied to Betsy Westcott

Question via Nathan on Linkedin...

"I've got a pretty good understanding of market, tech, regulatory and behavioural drivers that lead me to believe you've got a big opportunity in front of you. The thing to decide is whether or not (IMO) the team is uniquely positioned to execute. Could you give me some more information on your team?"

Betsy Westcott posted on 13.02.2018

Hi Nathan,
Thanks for the kind words and the great question. When I put our team together there were three core skill sets I tried to make sure we had in our team. Firstly, and perhaps most obviously, we needed an amazing technology team...but again this wasn't as obvious as it might appear. Yes we needed the super smart, super agile developers and technologists, but also the larger, enterprise integration level skills capable of handling high end bank end banking platforms, mortgage origination platforms etc etc. Then of course you have to consider compliance, cyber security and all the other regulatory technical requirements. Our CIO Ms Jacqui McPherson personifies all these skills in that she is the ex CIO of NSW Treasury, ex Accenture, ex Macquarie and has developed the technical strategy for other digital neo banks outside Australia. We compliment her skill set with an outstanding Digital Delivery Director Mr Alistair Thomas, and our strategic partnership with Equal Experts. It is worth noting that Alistair spent many years working for Equal Experts ensuring a tight fit between Xinja and its strategic partner.
The next core skill we had to have was the deep banking and finance skills. If I look globally I think this is probably where some of the neo banks have struggled at first. They were started by brilliant technologists, who built amazing platforms but perhaps didn't understand the detail of how banks make money and keep safe. Our banking team is A grade including our treasurer Ms Verity Froud ex Macquarie Bank and ex Bluestone, our Chief Risk Officer Mr David Nichols ex CBA and ex Quodos Bank, our Chair Ms Lindley Edwards ex Macquarie Bank and ex Citibank, and one of our non executive directors Mr Craig Swanger, ex Chief Investment Officer and head of Innovation for Macquarie Bank, and ex Chief Economist of FIIG.
Finally the third core skill, and here I think is where the secret sauce comes in. A common misconception about neo-banks is that they are all about technology, and thats why people love them. Sure its part of the story but its not the key part. The key difference about a neo bank is that it is built by its customers, to serve its customers. Hence the third core skill of customer experience and care. Dealing with a bank should be like dealing with a really posh 5 star hotel, except we want our customers to feel a real sense of ownership in us as well. Our Director of Retail Banking Ms Betsy Westcott is an ex private banker for both NAB and ANZ, and not by coincidence started her career working in very posh hotels, bringing this high end customer service ethic and focus to Xinja is probably our most sustainable competitive advantage. There are of course other fabulous people at Xinja, but I probably ought to stop there!
Sorry for the long answer, but it was a great question and I hope it helps in making your own mind up about the quality of our team.
E

Eric Wilson posted on 13.02.2018

Replied to Betsy Westcott

SHAREHOLDER LIABILITY

I think I am right in saying that when i invest in an ASX company i have limited liability and if the company became insolvent I can't be pursued for any money owed by the company. What liability exists for the shareholder in a CSF company?

Thanks

Tony Metcalfe posted on 12.02.2018

Hi Tony,
Thanks for the question. It is my understanding that you are correct that when you invest in shares in an ASX company and if the company becomes insolvent that you cant be pursued for money. Obviously this assumes that you aren't working in the business and havent given any guarantees etc etc.
I cant speak for all CSF companies, but Xinja is a public unlisted company. This means that your liability as an investor in Xinja extends only to the value of your shares. Ie you could lose all the money you invested, but no more.
Hope that helps, but if you have any further concerns go have a chat with a lawyer you trust and they should be able to give you a pretty swift assessment.
Cheers
E

Eric Wilson posted on 13.02.2018

Replied to Tony Metcalfe

Dilution

Hi Eric,

In the case that shares do get diluted in future raises, is there the potential to offer more shares for sale to existing CSF shareholders, in order to (almost practically) minimise or stop any dilution occurring, viz. Monzo?

Thks
Dom

Demetrio Gil posted on 06.02.2018

Hi Dom,

Thanks for the question, its a good one.

We certainly wouldn't rule out the potential to offer more shares to CSF (and indeed all) shareholders as we go through the capital raising process, subject to all the correct licensing and permissions. As you say Monzo offered a couple of rounds of CSF, and there is no reason I can see that we couldn't choose to do so as well.

All that said, we dont have any existing plans for another CSF round currently, so again assume the worst when making an investment decision that this may be the only opportunity.

E

Eric Wilson posted on 06.02.2018

Replied to Demetrio Gil

Finance groups like ING as competitors

Sharing a question received via email:

'Your offer and risk document don’t mention finance groups like ING. I mention that because ING is essentially an online bank, and claiming similar benefits. I don’t know how successful they are in Australia, have they taken a significant proportion of the market, and hence is their experience pertinent, if they have remained small, is that a general indicator of the Australian market? Are they a direct competitor to Xinja, and if so is that an unidentified risk, and how would you mitigate it?'

Betsy Westcott posted on 19.01.2018

Hi Betsy and OP,

Thank you for the question OP. I think this question is best answered by the response I gave to Jackie Chen below where we talk about direct plays and ING as well as a couple of others.

Cheers

E

Eric Wilson posted on 19.01.2018

Replied to Betsy Westcott

A few questions

Hi Eric and the Xinja team,

Firstly, congratulations on your achievements to date. It's certainly exciting to see this level of innovation in Australia, especially in the banking sector and I wish you and the team all the success you deserve.

I have a few (okay maybe more than a few) questions around the numbers outlined in your offer document and your product offerings.

1. As with any start-up, it's certainly natural to expect that the business will run at a loss while customer acquisition and go to market strategies execute to their desired/beyond their desired result. However, I'm sure you, the C-level executives and the board have discussed a potential point in time where you will break-even or start to become profitable. Are you able to share your thinking and insight with the investor community as to when this might be?

2. Your other expenses in FY19 are forecasted to increase by over 50% compared to 2018. Could you share where these expenses are expected to be incurred? i.e. Borrowing costs, increased staff, IT support from Equal Experts?

3. You mortgage customer forecast for 2019 is 340. With interest rates expected to rise in 2018 and the opportunities that re-financing would bring, I would have thought the number would have been higher? Will definitely be higher if you offered something similar to what Atom offered in 2017 :) https://www.ft.com/content/c46c59d0-2514-11e7-8691-d5f7e0cd0a16 Can you share the reasoning behind this total?

4. Will Xinja be contributing/consuming comprehensive credit reporting information as the majors are/will be? If not, what’s stopping Xinja from being the lender of last resort if evaluating negative only credit information on applicants? I suppose more importantly what is Xinja doing to ensure it only attracts high creditworthy individuals to minimise defaults?

5. Your go to market and customer acquisition strategy outlined in the offer document talks about offering products that are highly competitive - With the difference between savings interest and loan interest rates being approx. 1% or less in some institutions I'm keen to understand how Xinja will be positioning themselves compared to other ADI's?

Thanks,
Nic

Nicholas Luiz posted on 16.01.2018

Hi Nic

Thanks for the thoughtful questions.

Just as a heads up, although we have attempted to provide as much detail as we can on the deal page and in the offer document that balances outlining all relevant information known at the time and regulatory requirements (incidentally we voluntarily provided the offer document to APRA and ASIC for prior feedback) - there is a limit to the granularity we can go to in a public forum for reasons of protecting our competitive intel and IP. That being said, here goes...

1. I am afraid ASIC have asked us not to provide more than 2 years of financial forecasts due to the uncertainty of forecasting beyond that time period. I would encourage you to draw your own conclusions from the two years forecasts we have provided, and to examine some of the other neobanks in market and their profitability to draw your own inferences. I appreciate that might not be the answer you were seeking, and obviously we have very detailed financial modelling, however we are restricted in a retail offering to the degree to which we can share that.

2. The increase in costs in Year 2 are incurred across all those areas you mentioned plus a couple of others. Year 2 is planned to see a substantial scaling of products and activity as the technology and the company in general beds down.

3. We have heard on a number of occasions from investors that we have been too conservative with our sales targets and profit estimates. We feel that it is far better to give prospective investors slightly pessimistic, hype free targets upon which to make a decision. If things go better, as you say they might, that is all upside for everyone!

4. At this stage we are not releasing the detailed plans for our credit assessment processes. I can however assure you that Xinja in no way will be the lender of last resort, and our credit assessment process will be as you would expect from a cutting edge, digital neobank. (Please note that we are not a bank yet.)

5. Firstly it is important to note that Xinja is not yet an ADI and we are dependent upon APRA to grant us that status. Our positioning compared to other ADI's is explained in the information in the deal room, and we dont have a whole lot to add beyond that at this point.

Thanks again Nic

E

Eric Wilson posted on 17.01.2018

Replied to Nicholas Luiz

Banking License

Hi Xinja Team,

What is the approximate time frame on Xinja being granted a banking license?

Cheers,

Lachlan

Lachlan Huismann posted on 16.01.2018

Hi Lachlan,

It is impossible to know for certain as being granted ADI status by APRA is entirely at their discretion. It is even possible in a worse case scenario that we wont be granted it at all...see my answer to Betsy Westcott below as to what happens if that occours.

All that said, we are making an informed assumption for our business planning that Q2 this year is a reasonable timeframe to expect a decision. It is worth noting that we were the first applicant for our RADI back in September of last year.

Xinja has also applied for an Australian Credit Licence (ACL) with ASIC which will allow us to offer mortgages and we hope to receive this in Q1/Q2 2018

Cheers

E

Eric Wilson posted on 16.01.2018

Replied to Lachlan Huismann

Shares issued to Equal Experts in lieu of fees

Do the shares issued to Equal Experts in lieu of fees equate to the amount of intangible assets in the balance sheet ("software development fund") booked at AUD1,234,247?

Damian Manchee posted on 15.01.2018

Hi Damian,

Thanks for your latest question.

The intangibles relates to the software development fund. The amount paid to EE does not equate to the amount of intangible assets, but it is a component of the total intangible assets.

Cheers

E

Eric Wilson posted on 15.01.2018

Replied to Damian Manchee

Billion Dollar Company

Hello, do you reckon Xinja has the potential to become a future billion dollar company? With the way technology is going and everyone using smartphones to run their life, this may become the Uber or Snapchat of banking :)

Michael Puser posted on 14.01.2018

Hi Michael,

Obviously these things are incredibly hard to predict and you need to make your own assessment.

Personally I think this excellent question is best answered with:

https://goo.gl/UE7Gng

NB. You should not rely on the fluffiness or cuteness of any pictured stuffed unicorn when making your investment decision.

E

Eric Wilson posted on 15.01.2018

Replied to Michael Puser

Has xinja self assessed the ESIC or requested a principles based ruling

Hi there, firstly, love what you guys are doing!!

Secondly (and sorry to be boring) I have an Early Stage Investment Company question. I don't think your answer above was 100 percent clear.

As I understand for a company to be an ESIC they either self assess against the 100 point innovation test or they request a principles based ruling.

To this end (and understanding all the caveats on getting personal tax advice) have you guys performed the self assessment? If so what as the result? And if not, are you in the process of requesting a ruling?

Thanks, keep up the great work!

Alexander Brown posted on 13.01.2018

Hi Alexander,

Thanks for the kind words! We love what you are doing too! Asking good questions :)

We are bankers and love questions about ESIC, so dont be sorry! They arent boring at all.

We have performed the self assessment and believe that Xinja is an ESIC. I have to repeat again though, that you should seek your own advice on this, and not rely on our opinion, especially if this is of critical importance to your investment decision.

All the best

E

Eric Wilson posted on 13.01.2018

Replied to Alexander Brown

Resolve from selling share query.

Hey Eric, thank you for your prompt response. I have since discussed this further with Equitise and you were absolutely correct about ownership of the shares.
They had explained the same thing you had in response to Scott Lang and that specific acknowledgment I referred to is about the illiquidity of the start up point. But in the event (later on) Xinja is on the market or an event of offering should occur then the holders can indeed sell their shares if they wish to.

To this end I have decided to keep my investment and apologise for my misunderstanding of this. I look forward to the future of Xinja in becoming a monumental success.

Also thank you to Equitise for being equally as prompt and diligent in ensuring I understood the matter more clearly.

Heath Smith posted on 13.01.2018

Hi Health,

Thats great news, really happy everything got resolved ok.

Welcome to being a founding Xinja!!!

E

Eric Wilson posted on 13.01.2018

Replied to Heath Smith

How is Xinja different to other direct banks

Hi Xinja team,
Before investing in this offering there are a few concerns i would like to address.

1. How would Xinja differentiate itself from other direct banks such as Ubank, MeBank and ING direct? In the offer document there was a mention of a 'technology strategy' which would differentiate Xinja. However i dont see how these features isn't already been provided by existing banks or wont be copied by other banks
2. How would Xinja compete with them on cost? They have economies of scale and would be able to access funding at a favorable rate.

Warm regards,
Jacky

Jacky Chen posted on 13.01.2018

Hi Jacky,
 
Thanks for the insightful questions, economies of scale and sustainable competitive advantage should always be in your mind when considering an investment in almost anything.
 
I guess both your questions come down to a larger meta question; “Are neo-banks around the world going to be able to compete with the incumbents in their countries?”
 
Xinja is far from the first neo bank globally, with many countries around the world having neo banks including the UK, US, Europe, South Africa, China and a gazillion more. NB please don’t rely on the numerical value of “a gazillion” in your investment decision!
 
Now you should do your own research, but in my personal opinion most of these banks don’t compete on their technology strategy alone, or even primarily. 

Customer experience, brand value, ethics and fixing customer problems are often the reasons you hear customers saying they love these banks. 

There is no one technology feature or cool gimmick that is “going to win the war”. Mostly, because as you say they can be replicated.

However a couple of years on since the neo bank movement began in the UK and spread globally it appears that many of the neobanks are doing very well indeed. You shouldn't take my word for it though. Leap on Google and you can find some good research on neo banking and its successes and failures.
 
The other thing that might be worth mentioning is that a neo bank strategy is quite different from a legacy bank direct play. Often these businesses run off pretty old technology in the back end, sometimes with a pretty front end website glued on. You also need to look carefully at who owns them. UBank is wholly owned by NAB, MeBank is owned by the Industry Super funds and so on.

The technology of a fully fledged neo bank is end to end digital from the customer’s mobile to the back end banking platform. Remember its built for mobile. 

Plus in my experience the customer focus and customer experience strategy is very different for a neo bank.
 
In terms of Xinja competing on costs it is absolutely swings and roundabouts. In some areas they are probably going to get us. As you say, to start with cost of funds is probably going to be one of them.
 
In other areas though we may have an advantage, for example our operating costs may be lower due to no legacy systems, no branch networks, no mothership corporate costs to support. People may actually like us and tell their friends to download our app, lowering our cost of customer acquisition!

We have provided some financials in the offer document which you should take a good look through and form your own opinion on.
 
You might also want to have a look at the global neo bank market and see how neo banks around the world have differentiated themselves from their own incumbents and see if you are satisfied they have produced a suitable return and whether Xinja can do something similar here. As always though, it’s really important you do your own research and draw your own conclusions.
 
Best of luck and don’t hesitate to ask any further questions.

E

Eric Wilson posted on 13.01.2018

Replied to Jacky Chen

Unable to sell shares

Hi there, I just submitted a subscription to the Xinja offering and have decided to withdraw.

I made this decision after reading the CSF investment agreement. Under Investment Acknowledgement 2.1 section b under point iii (or3) stating "The investor confirms that it understands that is may never be able to sell the Investor Shares and that the value of it's investment in the company may be diluted over time".

I had invested with the idea to sell the shares after a number of years (assuming their value had increased in that time) and after speaking with online support with Equitise it seems that I cannot do this.

I must apologise for my misunderstanding of the concept of returns for the crowd funders. However I wasn't comfortable with the idea of buying the shares and not having the right to sell them, my understanding was if you buy a share then you own that share. I'm guessing that upon agreeing to the Investor Acknowledgement the right to ownership is somewhat waived.

However the shortcoming here is definitely my own in assuming that this is how it would be, I have no doubt that Xinja will be a massive success (hence why I jumped in so quickly), irrespective of my part taking in it or not. The concept and customer focus of it alone had me sitting by my email everyday awaiting the deal room for it to be opened.

Thank you and all success in the future.

Heath Smith posted on 12.01.2018

Hi Heath,

There seems to be some confusion here. Let me see if I can pick it apart.

Firstly, thank you for making an investment in Xinja, we really appreciate your trust and interest. Sorry you had to be concerned like this, that's not what we hoped for at all.

Right, lets get into it.

1. Xinja is selling shares in Xinja to investors.

2. Equitise is the platform we are required by the regulator to go through in order to crowdfund. They do not own Xinja shares at any point, and have no ability to restrict what is done with them once you own them. They manage the governance of the sale and provide a platform for it. No more.

I believe the clause you quoted is designed to set out that an investor can't hold Equitise accountable if Xinja doesn't succeed and investors can't sell their shares or get diluted.

3. Any shares you buy, once the purchase is complete at both ends, are yours and yours alone. Your understanding that if you buy a share, then you own that share is 100% correct.

4. As far as selling those shares goes, there may be some issues around liquidity ( see the post to Scott Lang at the bottom of the blog) as most start ups can face, but you absolutely own those shares and no document that you may have signed with Equitise will change that.

Perhaps if you are still worried it might be worth getting some independent legal advice, and just being doubly sure of your position?

If you would like to talk further about this, drop me your number to hello@xinja.com.au and I will give you a ring.

Sorry again you had to deal with this stress, and please dont be concerned as you do have a 5 day cool down period if you still decide to withdraw. We want you to be 100% comfortable with your investment.

E

Eric Wilson posted on 12.01.2018

Replied to Heath Smith

sounds exciting so how do i work for you..

Hi this sounds awesome - so how do i get on this exiting journey - money invested btw.
Second question :-) once this offer closes will we be able to trade shares on the ASX?
thx

Tim Gerber posted on 12.01.2018

Hi Tim,

Firstly thanks so much for investing, we will do our absolute best to build a business you can be proud of.

If you would like to work at Xinja, drop your CV to hello@xinja.com.au. We always look through that list for suitable experience before we go external.

Our shares wont be able to traded on the ASX as we are a public unlisted company. You might find my response to Scott Lang further down the blog useful as well.

Cheers

E

Eric Wilson posted on 12.01.2018

Replied to Tim Gerber

Getting a Bank Licence

Sharing a question from an Investor via Email:

"What happens if you don't get your license?"

Betsy Westcott posted on 12.01.2018

Thanks for putting this up on the forum Betsy, its an important risk to be aware of, and thank you to the OP.

I am assuming here that the OP meant our banking license (becoming an ADI). If anyone wants to know in regards to our AFSL or ACL just let me know.

We have deliberately designed our product roll out so that the product which becoming an ADI principally impacts, deposits, is our last to be implemented.

If we were delayed or not granted an ADI status at all, we would seek to continue to operate as a non bank lender, which in of itself can be a very profitable model....think Mortgage Choice or Aussie HomeLoans.

Its not our Plan A, but its a pretty good Plan B.

E

Eric Wilson posted on 12.01.2018

Replied to Betsy Westcott

Expected average growth per year in percentage

Based on business / investment model, do you have estimated average growth of the share per year?

Sureshkumar Muthusamy posted on 12.01.2018

Hi Sureshkumar,

Little more tricky this question. Due to the regulation surrounding crowd funding we have to be very circumspect about predicting numbers like this over extended periods of time.

I think probably the best thing to help you form an opinion is to examine the share price growth of similar businesses in other countries, and then adjust for any Australian factors you might think relevant to estimate our potential share price movement.

Companies you may want to compare us to might be Monzo, Atom, Starling, N26, Simple, Tandem, and anyone else you think might be comparable.

Sorry we cant be more specific and give you an $X over Y time answer but we would probably get into trouble for it. Google should be able to assist with some comparisons fairly quickly though.

E

Eric Wilson posted on 12.01.2018

Replied to Sureshkumar Muthusamy

Funding

Can you provide the estimated wholesale v retail (deposit) funding split over the next couple of years? And a sense of tenor/ liquidity risk involved? Thanks

David Thomas posted on 12.01.2018

Hi David,
To some degree this is controlled by APRA and the conditions of the RADI and how fast we move onto an ADI. Without diving into too much detail it is probably safe to assume that the majority of our funding split will be wholesale for the timeframe you have mentioned.
E

Eric Wilson posted on 12.01.2018

Replied to David Thomas

More details on the services and functionaliy

Hi Eric, Do you have any more details on the functionality, services and use cases that are available in the app?

Luke Beeton posted on 12.01.2018

Hi Luke,

At this point, no further information to publicly release beyond the website and the data in this data room.

We do however have walls at Xinja HQ covered in feature development pipelines, plus we will begin running our customer prototyping sessions again in a couple of months! You would be most welcome to join us at one and help us solve some real customer problems.

Thanks for taking the time to take a look at us.

E

Eric Wilson posted on 12.01.2018

Replied to Luke Beeton

Valuation

Eric et al,
Delighted that you have made it to the point of capital raising & delighted to be an investor!
As I've mentioned before Eric, I'm intrigued with the valuation put on the business, as it appears Ralph Shale is as well (see above).
Can you provide a bit more clarity or colour on this? (Greg)

Gregory Morris posted on 12.01.2018

Hi Greg,
Thanks so much for becoming an investor and all your support over the past couple of years. I really appreciate it, as do the other members of Xinja that know you.
I have responded to Ralph below but do come back if you have any further questions.
E

Eric Wilson posted on 12.01.2018

Replied to Gregory Morris

Investment by Technology Partner

Is your technology partner providing a cash investment or are shares being issue in lieu of fees?

Ralph Shale posted on 12.01.2018

Hi Ralph,

Easy question! The shares are being issued in lieu of fees for work already completed.

E

Eric Wilson posted on 12.01.2018

Replied to Ralph Shale

Valuation

I understand that the offer is made at the valuation of the $5m raised to date, but I would be interested in some references or evidence that this valuation is reasonable? Can you reference other transactions to support this valuation?

Ralph Shale posted on 12.01.2018

Hi Ralph,
Assessing the validity of a valuation is always hard for an investor, or indeed a business itself.
Some of the factors you should consider are the size of the market and the opportunity within it, the competence of the team, the technology being employed, the regulatory environment and the progress toward licensing.
As you mention you might also want to seek out other transactions of this nature that might be similar.
Obviously as we are the first equity crowd fund in Australia, and the first Australian company seeking to becoming a neo bank comparisons are rather limited!
Probably your best bet to judge our valuation would be to go and review the crowdfunding efforts and/or other capital raisings for similar overseas neo banks. Some possible companies to investigate might be Monzo, Atom, Starling or N26.
Cheers
E

Eric Wilson posted on 12.01.2018

Replied to Ralph Shale

ESIC

Hi Xinja Team,

I am super excited to be on board as an investor with Xinja. Honestly speaking I thought of the same idea (digital banking) early last year and was doing some investigation & learning into this startup myself but due to insufficient capital & restricted banking knowledge, I still would have needed another couple of years before making this a reality.

So, in that sense I am glad that Eric Wilson is already well underway with this concept & developing Xinja with a knowledgeable team. I couldn't help myself to get on board with your adventure and am hoping for the best result for all of us.

One question I do want to ask is, if Xinja qualify as ESIC? (Early Stage Innovation Company).

Regards
Milan

Milan Bawa posted on 12.01.2018

Hi Milan,

Thank you so much for investing in us, and for having the same idea! We are honoured that you would invest your hard earned.

As far as Xinja qualifying as an ESIC, it's really important that you seek your own appropriately qualified advice on this. Its not appropriate that you rely on our opinion if this is important to your investment decision. With that in mind, we believe it is likely that Xinja will qualify.

Cheers

E

Eric Wilson posted on 12.01.2018

Replied to Milan Bawa

What do the Intangible Assets consist of

Can you expand on the nature of the intangible assets of AUD1,234,247, and the associated cost of purchasing these assets, in the balance sheet and cash flow statement?

Damian Manchee posted on 12.01.2018

Hi Damian,

Thanks for reaching out and taking an interest.

The intangible assets amount in the balance sheet is the amount we have spent developing our technology (It's referred to in the audited accounts Appendix A as the 'software development fund').

Cheers

E

Eric Wilson posted on 12.01.2018

Replied to Damian Manchee

Name of the global software development company Xinja have partnered with

As per page 11 and 22 of the Offer Doc, Xinja have partnered with this company who invested in the Series B Funding round.in lieu of services rendered. The name of the company has not been disclosed.

Emmanuel Vergara posted on 11.01.2018

Hi Emmanuel,

The organisation's name is Equal Experts. They are a global software development firm headquartered in London and we work with their team in London, the US, and Canada.

https://www.equalexperts.com/

E

Eric Wilson posted on 11.01.2018

Replied to Emmanuel Vergara

Can Xinja outline in more detail the dilution risk faced by retail CSF shareholders

The offer documents contain few references to dilution and section 2.1 Acknowledgement of the investment agreement states the following: the value of [the Investor’s] investment in the Company may be diluted over time...

Does Xinja have any plans to dilute retail CFS Ordinary Shares in the future? Is the dilution risk faced by the Ordinary Shares class greater than the Founders Shares class (for example)?

Ashton Jones posted on 11.01.2018

Hi Ashton,

Thanks for the question. It's a really important point you bring out here.

Firstly, and most importantly, the shares on offer are exactly the same as the shares the Founders have and previous investors have. Everyone gets the same deal. No special privileges for early investors or founders at the expense of retail CSF investors. That is not the Xinja way.

If you get diluted, I get diluted, and the previous investors get diluted.

The only difference with the Founders shares class as opposed to previous investors and retail CSF shares is that should Xinja be liquidated, the Founders shares come behind all the other shares in terms of creditor priority for the first few years of operation. As you can see this puts the Founders in a worse position than previous investors, as it should be if we were to stuff up.

Will all our shares, including the retail CSF shares get diluted in the future? If we seek to raise more capital, which we almost certainly will, the answer is yes. That is common with all start ups and only becomes a cause for concern if the overall value of the business as a whole isn't growing to keep pace with the dilution.

The idea is that it is better to own the leg of an elephant rather than the whole of a mouse!

I hope that helps, please come back with further questions if I didnt explain anything well enough, and I promise no more animal analogies.

Cheers

E

Eric Wilson posted on 11.01.2018

Replied to Ashton Jones

How does Xinja plan to actually give money back to investors

I have read the offer documents carefully but apart from a mention of possible dividends how and when can investors expect to be able to exit their shareholdings in the firm is Xinja expecting to list on the ASX or elsewhere in future

Scott Lang posted on 11.01.2018

Thank you Scott, great question.
Firstly its important for us to be totally transparent and ensure everyone understands a start up business, by its nature is relatively illiquid in the short term. You should probably think of this as at least a twenty four to thirty six month investment.
That said, there could be a couple of ways investors may be able to exit their shareholdings.
The first as you say is by a potential IPO, which could occour late in Year two or Year three. This is a great way for a growing bank (assuming we get our license) to raise regulatory capital as well as provide investors with a chance to exit.
The second possibility is through a trade sale where another large organisation chooses to buy some or all of Xinja. Obviously at this stage we have no idea if this will happen or if the Board would assess the offer to be to the benefit of shareholders.
Finally we are investigating the possibility of establishing a secondary market for existing shareholders to sell and buy amongst themselves. We have to be careful not to fall foul of the legislation regulating exchanges, but we understand a secondary market would be desirable and we are investigating further to see if its possible.
I hope that helps.
Thanks very much for your interest and please dont hesitate to ask any further questions you might have.
All the best
E
Eric Wilson (CEO Xinja)

Eric Wilson posted on 11.01.2018

Replied to Scott Lang

  • > Offer Type: Australian Retail (CSF) Offer This offer is open to Retail and Wholesale/Sophisticated investors in Australia. Whilst in New Zealand the offer is open to Wholesale investors.
  • > Company: Xinja Holdings Limited Securities purchased are for direct equity in Xinja Holdings Limited.
  • > Security Type: Ordinary Shares
  • > Fees Paid by Issuer: 4% of funds raised Upon successful completion of this funding round a total of 4% of capital raised will be paid by the Issuer to Equitise.
  • > Cooling-Off Rights: 5 working days - Retail investors in Australia are able to withdraw their applications for securities with accordance to the Australian Crowd Source Funding (CSF) regulations. For more information please click on the link supplied.
    More Info
  • > Related Parties: None

More detailed information about this offer is contained in this Offer Document

Offer Document
Offer overview

 

The Company is offering 400,000 to 2,400,000 ordinary shares under the following terms:

Executive summary

 

WHAT IS A NEOBANK

The term neobank is synonymous with a purely digital bank. An app with a powerful set of banking functions that are designed to allow an individual to interact entirely through their smartphone.

INTRODUCING XINJA

Xinja is building what we hope will be Australia’s first, independent, 100% digital bank, designed from the ground up for mobile. Xinja is not a bank yet, but it is working closely with regulators to become one and we hope you will invest to help us build a bank we can all be proud of.

Our ability to offer banking services and call ourselves a bank, relies on us gaining a number of licences and approvals from regulators.

We are seeking to become a genuinely new independent bank, finally giving Australians a choice between traditional banks and a new, transparent, digital banking experience.

Xinja seeks to revolutionise our customers’ banking experience, not just making it quick, but also fun and helpful, allowing them to easily track their spending and save for what they want.

More importantly, we seek to help our customers effortlessly get ahead.

Xinja will be more than a mobile banking app because it aims to really help customers make the most out of their money. It will be more than a money management app because it's immediate, allowing actual banking and money management to be combined.

And more than both of these, because it will be intuitive, easy, instant and fun to use.

 

INVESTMENT HIGHLIGHTS

Business model

 

CORE BUSINESS MODEL

The business model of Xinja is in many ways similar to that of a traditional legacy bank with the exception that Xinja doesn’t have physical locations and branches. Xinja will make money by lending money to borrowers at a higher price (interest rate) than we pay to borrow it from depositors and other sources. The difference between the two rates is called the Net Interest Margin (NIM). This will be the principal source of revenue for Xinja.

 

HOW IS XINJA DIFFERENT TO LEGACY BANKS?

Unlike a legacy bank, apart from initial start up costs, Xinja is expected to have very low operating costs. Xinja will be delivered via our customer’s mobile phone. They will interact with us via chat and phone. As Xinja will have no physical locations and branch networks to support, we reduce our costs significantly.

Artificial Intelligence (AI)/Machine learning (ML) are modern technologies that utilise the power of computing to complete tasks and learn as humans do, which allows technology to be adaptive and provide insights such as a human would.

Our planned AI/ML at this stage, whilst basic to begin with, will increase in sophistication over time. Eventually we hope it will provide highly personalised financial tools that nudge our customers in the right directions. It is AI and ML that will make a high level of customer service scalable and affordable.

We also anticipate that Xinja will be well positioned for the arrival of open banking in Australia. Open banking is the ability for customers to direct that their data be sent to other financial institutions, allowing amongst other things rapid opening of accounts and transfer of credit or payment histories.

Xinja should be able to take advantage of this change both to help customers transfer their data wherever they wish, but also to receive such data and use it to create value both for us and our customers, through additional discounted services. Xinja embraces this power to consumers.

We are uniquely positioned to develop and adopt new innovative fintech solutions to create new banking services and customer experiences quickly and more cheaply than existing banks while operating within the Australian regulatory and compliance frameworks.

Milestones & History

 

KEY ACHIEVMENTS TO DATE

Xinja has achieved some key milestones ahead of our official launch:

Team: We have assembled a committed and exceptionally experienced team of customer experience, banking, marketing, and technology professionals to build and launch Xinja.

Product development: We have completed approximately 80% of the alpha version of our app for the prepaid debit card service, and the back end technology to connect to our card provider is well progressed. We are hoping to launch our Alpha product for internal staff to use and test shortly. The Beta product launch of our prepaid debit card is expected in February/March 2018.

Waitlist: We have thousands of Xinjas on our waitlist of pre-registered customers.

Community: We have started to develop a community of like-minded Xinjas. This community wants to see a change in banking, with ethics, customer service and great value for the customer leading the charge. We look forward to these Xinjas becoming our customers and our voice as we seek to change banking in Australia forever.

Brand: We have started to build our brand with multiple media profiles and stories across The Australian Financial Review, The Australian, The Sydney Morning Herald, The Canberra Times, The Brisbane Times, Bloomberg, Sky News Business, Channel 7, Channel 10 as well as multiple web news sites and blogs.

Series A Fundraise: We have successfully completed a Series A fundraise in May of 2017 for ~$2.8M from founders, High Net Worths (HNWs), and Family Offices. This has funded the build of our Beta Product the Prepaid Debit Card and helped to assemble our world class team.

Series B Fundraise: We have successfully raised $5M in our Series B fundraise in November 2017. At least half of this was raised from existing investors who liked what we were doing so much, they chose to reinvest.

Licence submissions: We have already submitted applications for an ACL (Australian Credit Licence), an AFSL (Australian Financial Services Licence) and to become a Restricted ADI (Authorised Deposit-taking Institution). We are well progressed in our consultation with ASIC and APRA, the two key government regulators from whom we need approval. There is of course, no guarantees licenses will be granted.

World-class technology: We have established a vital and valuable partnership with a global software development company who have also invested in the series B funding round. This allows us to have software teams working on Xinja around the world.

Strategy & Vision

 

BUSINESS STRATEGY

Our business strategy is built around our core purpose of helping Australians make more out of their money, and is designed to ensure we are highly competitive and viable. We see no conflict between these two objectives, in fact we regard them as highly complementary.

 

THE XINJA POINT OF DIFFERENCE

Our primary point of difference in the marketplace is that we are built in our customers’ interests. We believe it’s time Australia had access to the kind of banking that is available in other countries, that not only delivers all the benefits of being 100% digital and mobile, such as ease, speed and integration, but also uses the latest technology to help them get ahead by improving their everyday financial behaviour.

The Xinja experience differs from a typical banking experience in 4 key respects:

  • Working for you: At Xinja we are passionate about increasing money mindfulness and financial literacy, and this will become a by-product of using the app on an ongoing basis. The app is being designed to prompt users to better financial behaviour such as setting and sticking to targets, saving on an ongoing basis, ring-fencing particular funds without opening separate accounts, or moving their money around to pay minimum interest on their borrowings. Central to this is automation, so that the optimisation of our customers finances can take place with minimum effort from customers.
  • Easy as… & fun: We are building an entire retail bank for the mobile phone. This means setting up an account in seconds, zero/limited paperwork, tapping to pay a bill and saving with a single swipe. There will be friendly, fast support via chat, and overall it will be much simpler and easier for users to understand and interact with their money, so better, faster money decisions without the angst. Adding to that gamification and rewards, and managing money becomes less of a chore, and more fun. Xinja will gradually release new features to the Australian market.
  • A win-win: Striving for 100% digital and having modern technology lowers our costs, and these savings can be passed on to customers in the form of competitive rates and low or no fees. In addition to that, we are designing our products to help our customers get ahead and so that, if they do well, so do we.
  • Building a bank together: We are building a bank with our customers to address their needs and resolve their problems. To date we have talked to hundreds of Australians about what they find challenging in managing their finances and what they are looking for. Developing the app we’ve run ongoing usability sessions giving pre-registered customers a chance to see early versions and feedback on its design and features; these sessions will carry on after launch so that we can iterate the Beta release with customer input. We will continue to bring customers into all parts of the design process, to help us make decisions and shape our thinking.

 

PHASED PRODUCT RELEASE

Customer Acquisition

 

EARLY ADOPTERS

 

EXTENDING TO A BROADER MAINSTREAM

As a new category and brand, it is important that we provide reasons to engage with Xinja that would appeal to a more mainstream audience. This comes down to including competitive product messaging in our marketing, and we are ensuring our products are highly competitive and that there are strong reasons to adopt Xinja outside of any appreciation of the experience, our approach or the longer term benefits.

 

BRAND POSITIONING & MESSAGING

We are positioning Xinja as working in our customers’ interests. This will be evident in our communications, however the tactical messaging for customer acquisition will focus on key themes that are likely to attract attention i.e. new experience or product benefits. It is essential that all the initial acquisition activity will be categorised by a strong and consistent brand personality and visualisation, to help us build awareness and recognition in early phases.

 

CHANNEL STRATEGY

The channel strategy for Xinja employs both a direct and channel approach. Direct channels use outbound marketing to reach customers whilst a channel approach attracts customers through strategic partnerships and referrals. 

Market Overview

  

THE RISE OF NEOBANKS GLOBALLY

Over the past 3-5 years there has been a global wave of neobanks emerging in most developed financial services economies. This has been made possible by shifting legislative environments, and driven by the mass adoption of smartphones and by customer dissatisfaction with traditional banking institutions.

Retail banks are heavily regulated institutions that hold and provide access to everyday people’s money through bank accounts. For any change to have occurred in this landscape the first step is for regulatory bodies in that country’s jurisdiction to adapt legislation and allow a pathway for new entrants to enter the market. These changes have already materialised in the United Kingdom (UK), the United States of America (USA), across Europe and parts of Asia.

This innovation in retail banking is typified by Monzo in the UK. The regulatory body there has enacted laws that allow Monzo (and others like it) to hold everyday citizens’ money. The regulatory changes have introduced a phased approach to issuing banking licences, rather than the previous “all-or- nothing” approach which presented almost insurmountable barriers to entry. As a result the UK has seen an influx of financial technology entrants that are targeting the most profitable elements of consumer banking. The retail consumers in the UK have benefited greatly from these changes through increased price competition, with improvements including enhanced customer service, more powerful banking technology and lower foreign exchange costs. 

The following diagram depicts the rise of neobanks globally and the amount of capital they have raised to displace traditional banking models.

Risks Facing The Business

 

Below is a description of the main risks facing Xinja. Only the risks that may significantly impact the success or failure of the business have been included.

An investment in Xinja should be seen as high risk and speculative. A description of the main risks that may impact our business is below. Investors should read this section carefully before deciding to apply for shares under the Offer. There are also other, more general, risks associated with Xinja (for example, risks relating to general economic conditions or the inability to sell our shares).

A request from our Chief Executive Officer and Chief Risk Officer (to help us sleep at night), if you are in any doubt, if you are unsure, if you do not understand anything in this document and can’t get an answer, if you cannot afford to lose the investment amount, please, do not invest in this offer. We would much prefer you keep your hard earned money if investing in this offer may place you under financial stress.

Key Risks are within the areas of:

Competitive Landscape

 

THE RETAIL BANKING LANDSCAPE IN AUSTRALIA


Retail banking, often referred to as consumer banking, is mass-market banking that offers services such as transaction and savings accounts, term deposits, personal loans, mortgages, debit and credit cards.

Whilst the neobank model offers a strong value proposition to customers by achieving a high degree of personalisation and automation in banking technology.

The retail banking market in Australia has remained largely stagnant due to regulatory barriers to entry. As a result the incumbent banks have boasted some of highest returns on equity across the globe, in a mass market exceeding $1 trillion Australian dollars in value.

 

Use of funds

 

Alongside this raise, we have just closed a round for $5m on the same valuation that the crowdfunding investors are investing on.

Money in this raise from the crowd funding will be used to:

  1. Acquire and integrate back office digital banking technology to deliver lending and deposit products to market.
  2. Continue to develop our front end app, AI and data analysis capabilities.

Below is a complete breakdown of Xinja’s intended use of crowd sourced funds over the next year:

 

Financial summary

 

The following financials are presented on a consolidated basis. The entities are Get Kite IP Holdings Pty Ltd, Get Kite Services Pty Ltd, Get Kite Pty Ltd, Get Kite Holdings Pty Ltd and Xinja Holdings Limited:

Please note the 2017 figures are management accounts as of 31/12/2017.

All figures are in AUD unless otherwise stated.

*The dates in the Profit and Loss section have been updated as at 31/12/2017 to reflect the dates in the Offer Document.

Press Coverage

As seen in...

Eric Wilson

See profile
David Nichols

See profile
Verity Froud

See profile
Jacqui McPherson

See profile

Appendix A Part 1 - Audited Financial Statements

These are the audited financial statements as of 31st of October for Xinja Holdings Limited (formerly know as Get Kite Holdings 2 Pty Limited).

Download

Appendix A Part 2 - Independent Auditor's Report

This is the Independent Auditor's Review Report for Xinja Holdings Limited (formerly known as Get Kite Holdings 2).

Download

Offer Document - Xinja Holdings Limited

This is the Offer Document for Xinja Holdings Limited. *This document has been updated as at 18/01/2018.

Download

The investors below have committed capital to the business in this funding round.

tbp

31-03-2018

Michele Kennedy

31-03-2018

See profile
Rhondah Whitaker

31-03-2018

See profile
Matthew Findlay

31-03-2018

See profile
Annette

31-03-2018

Sharon Lu

31-03-2018

See profile
MaXximus

31-03-2018

Kings of Leon

31-03-2018

Ian Counsell

31-03-2018

See profile
Janice Yu

31-03-2018

See profile
Leon

31-03-2018

Maf

31-03-2018

Rebecca Ninness

31-03-2018

See profile
Ridvan Isik

31-03-2018

See profile
Chris Murray

31-03-2018

See profile
Ncassidy

31-03-2018

PS

31-03-2018

Johnathan Russo

31-03-2018

See profile
Fox

31-03-2018

satyam

31-03-2018

Paul Hughes

31-03-2018

See profile
Matthew Beattie

31-03-2018

See profile
Rafael Kimberley-Bowen

31-03-2018

See profile
Luke Campbell

31-03-2018

See profile
william roberts

31-03-2018

See profile
Russ Watts

31-03-2018

See profile
Tracey Kay

31-03-2018

See profile
Jeff_01

31-03-2018

Michael Hor

31-03-2018

See profile
Shane O'Grady

31-03-2018

See profile
PPM

31-03-2018

Jane Hely

31-03-2018

See profile
LJK

31-03-2018

Shift

31-03-2018

Daniella Segal

31-03-2018

See profile
Parvinder Bala

31-03-2018

See profile
Rebecca Fairbrother

31-03-2018

See profile
Thomson Tang

31-03-2018

See profile
Steven Hadley

31-03-2018

See profile
AB

31-03-2018

Tom Russell

31-03-2018

Reid Pinto

31-03-2018

See profile
Elizabeth Dorsey

31-03-2018

See profile
Lisa

31-03-2018

JA

31-03-2018

Neha Datt

31-03-2018

See profile
Mark Chote

31-03-2018

See profile
BettyT

31-03-2018

Dino

31-03-2018

PV

31-03-2018

ilmatic9000

31-03-2018

Relsierk

31-03-2018

Vishal Chopra

30-03-2018

See profile
DL

30-03-2018

Dianne Ferrara

30-03-2018

See profile
Lan Huang

30-03-2018

Jamie

30-03-2018

David Grime

30-03-2018

See profile
Peter Pennimpede

30-03-2018

See profile
Akmc

30-03-2018

Goce Blazeski

30-03-2018

See profile
Aisha Lloyd Bonney

30-03-2018

See profile
Ling Fung Ting

30-03-2018

See profile
Chun Ng

30-03-2018

See profile
Scott Ellis

30-03-2018

See profile
Geoff Mayhew

30-03-2018

See profile
Linus Gibson

30-03-2018

See profile
Peter Bland

30-03-2018

See profile
SBroad

30-03-2018

Justina Gill

30-03-2018

See profile
Philip Kean

30-03-2018

See profile
Donna Mayhew

30-03-2018

See profile
Gemma Fallon

30-03-2018

See profile
Brendan Malone

30-03-2018

See profile
Isobel Santos

30-03-2018

See profile
Dc123

30-03-2018

Richard Talbot

30-03-2018

See profile
Theodora Nisiforou

30-03-2018

See profile
antony de vries

30-03-2018

See profile
peter Salt

30-03-2018

See profile
Muscat

30-03-2018

Sam L

30-03-2018

Dominic Dufaur

30-03-2018

See profile
Hello

30-03-2018

Bhav Datt

30-03-2018

See profile
RG

30-03-2018

Dan Johnson

30-03-2018

See profile
Jacky Chen

30-03-2018

See profile
Christopher Marks

30-03-2018

See profile
Tim Poskitt

30-03-2018

See profile
kr12345

30-03-2018

Elise Michelmore

30-03-2018

See profile
Billy Diamataris

30-03-2018

See profile
Jazzy

30-03-2018

Chris Ash

30-03-2018

See profile
Brad Smith

30-03-2018

Bridport Growth

30-03-2018

JC Marsh

30-03-2018

Flibberti

30-03-2018

Jack G

30-03-2018

Thanh-Tuyen Chung

30-03-2018

See profile
Brock Birkin

30-03-2018

See profile
Felix Blackman

29-03-2018

See profile
Sains

29-03-2018

Allan Ang

29-03-2018

See profile
Christopher Knight

29-03-2018

See profile
Tootle

29-03-2018

Jai Sai

29-03-2018

SONYA VELTMAN

29-03-2018

See profile
snowlaina

29-03-2018

Alan Dorsey

29-03-2018

See profile
Chris Michailidis

29-03-2018

See profile
Amy

29-03-2018

George

29-03-2018

Natasha

29-03-2018

KATRINA SLATTERY

29-03-2018

See profile
Rhys Parsonage-Wintle

29-03-2018

See profile
Darshan Sejpal

29-03-2018

See profile
BetterBanking

29-03-2018

Richard Green

29-03-2018

See profile
Rosie

29-03-2018

Jon

29-03-2018

J M

29-03-2018

Terry Avis

29-03-2018

See profile
Rajiv Bhatia

29-03-2018

See profile
Steve Bond

29-03-2018

See profile
Pon Law

29-03-2018

See profile
David Edgar

29-03-2018

See profile
JNR2402

29-03-2018

Clovis Young

29-03-2018

See profile
VMAK

29-03-2018

Albert Kwok

29-03-2018

See profile
Margit Samai

29-03-2018

See profile
Alex Green

29-03-2018

See profile
Kudakwashe Mateta

29-03-2018

See profile
JLS

28-03-2018

Hugh O'Rorke

28-03-2018

See profile
Edward Cooper

28-03-2018

See profile
Benjamin Avanzi

28-03-2018

See profile
Samuel Fink

28-03-2018

See profile
amitos

28-03-2018

freshia

28-03-2018

sarah john

28-03-2018

See profile
Matteo Vinci

28-03-2018

See profile
Costa P

28-03-2018

Twallet

28-03-2018

GB

28-03-2018

Bryan Sim

28-03-2018

See profile
xinja ninja

28-03-2018

Arthur Acker

28-03-2018

See profile
Matt West

28-03-2018

See profile
Rob Weddepohl

28-03-2018

hjl87

28-03-2018

CHRISTOPHER PEMBERTON

28-03-2018

See profile
Ankit Sethi

28-03-2018

See profile
Brandon Lim

28-03-2018

See profile
Faisal Muhammad

28-03-2018

See profile
AT

28-03-2018

Tama Jamieson

28-03-2018

See profile
Ant

28-03-2018

Gordon Andersen

28-03-2018

See profile
Keiran Samuels

28-03-2018

See profile
Daniel Press

28-03-2018

See profile
xxx

28-03-2018

Liz

28-03-2018

KWIN

27-03-2018

Rigel

27-03-2018

Imre Macsuga

27-03-2018

See profile
LAJ

27-03-2018

Adrian Best

27-03-2018

Damian D'souza

27-03-2018

See profile
JN

27-03-2018

SHEELA AWADHWAL

27-03-2018

See profile
Rajat

27-03-2018

SEAN GAN

27-03-2018

See profile
han

27-03-2018

Daniel Russell

27-03-2018

See profile
GTinOz

27-03-2018

Rachel Jim

27-03-2018

See profile
Ramesh Rajan

27-03-2018

See profile
Glenn Roberts

27-03-2018

See profile
mtom

27-03-2018

Harry Tooth

27-03-2018

See profile
Terry Takouridis

27-03-2018

See profile
WolfOfGoulburnSt

26-03-2018

Ross MacIntyre

26-03-2018

See profile
Jon

26-03-2018

Raj

26-03-2018

GLS

26-03-2018

Robert Pezzimenti

26-03-2018

See profile
Lynnette MacMartin

26-03-2018

See profile
William Jeffries

26-03-2018

See profile
Mark Donaldson

26-03-2018

See profile
Claudius Stanislaus

26-03-2018

See profile
Sandor Helby

26-03-2018

See profile
David Salt

26-03-2018

See profile
MJN

26-03-2018

Dahlan Simpson

26-03-2018

See profile
Karthick Ramachandran

26-03-2018

See profile
Tanya Barker

26-03-2018

See profile
Shannon McCallum

26-03-2018

See profile
David M

26-03-2018

See profile
MT

26-03-2018

JenTi

26-03-2018

EB

25-03-2018

Jin Yean Tan

25-03-2018

See profile
Ashleigh04

25-03-2018

Mon

25-03-2018

Don

25-03-2018

David Woolley

25-03-2018

See profile
Gery LOUTRE

25-03-2018

See profile
Chris

25-03-2018

Gayle Hardie

25-03-2018

See profile
Jonathan Jordan

25-03-2018

See profile
Partha

25-03-2018

Michael

25-03-2018

Bryan

25-03-2018

Vee

25-03-2018

Caffen

25-03-2018

Joanna Hirst

24-03-2018

See profile
Vikas Chacko

24-03-2018

See profile
Jamison Banham

24-03-2018

See profile
Dorian Cooper

24-03-2018

See profile
Bavan Rajan

24-03-2018

See profile
Jang

24-03-2018

Leng Lai

24-03-2018

See profile
nicholas ponniah

24-03-2018

See profile
Zac Dobbyn

23-03-2018

See profile
Anthony Marks

23-03-2018

See profile
Katherine Wimble

23-03-2018

See profile
Peter McMahon

23-03-2018

See profile
Manish Baheti

23-03-2018

See profile
Tracy54a

23-03-2018

Adam Roberts

23-03-2018

See profile
Thorbot

23-03-2018

Kieran O'Grady

23-03-2018

See profile
JonnyB

23-03-2018

Andrew Hill

23-03-2018

See profile
Midsomer

23-03-2018

Phillip

23-03-2018

SCC

23-03-2018

Glyn Edwards

23-03-2018

See profile
Yujen Lin

23-03-2018

See profile
Javier Kwon

23-03-2018

See profile
GM

23-03-2018

Jacqueline Lennon

23-03-2018

See profile
Jacqueline Baldwin

23-03-2018

See profile
Maxwell Nyantachi

23-03-2018

See profile
Joanne Sellers

23-03-2018

See profile
s3083744

22-03-2018

michaeljones

22-03-2018

Sypher

22-03-2018

TheBear

22-03-2018

Egareth

22-03-2018

Ronnie Kyobe

22-03-2018

See profile
Peter Long

22-03-2018

See profile
Ben Roots

22-03-2018

See profile
David Cen

22-03-2018

See profile
Sandy

22-03-2018

Brett Thomas

22-03-2018

See profile
Jarrad Bland

22-03-2018

See profile
Hui Ru Boey

22-03-2018

See profile
Courtney Wilson

21-03-2018

See profile
DEIRDRE HINCHCLIFFE

21-03-2018

See profile
Shodan

21-03-2018

Dylan Curtis

21-03-2018

See profile
Ainea Faatoafe

21-03-2018

See profile
antony stroumos

21-03-2018

See profile
SKJS

21-03-2018

Daniel Potts

21-03-2018

See profile
lungii

21-03-2018

Ambrose Pang

20-03-2018

See profile
Rory Donnelly

20-03-2018

See profile
A Rees

20-03-2018

H

20-03-2018

rmcc

20-03-2018

Melissa

20-03-2018

SAL

20-03-2018

Rob Antulov

20-03-2018

See profile
Francis Galiluyo

20-03-2018

See profile
InvestorM

20-03-2018

Nicholas Williams

20-03-2018

See profile
VIGNESHWARAN SETHURAMAN

20-03-2018

See profile
Peter Knight

20-03-2018

See profile
IEK

20-03-2018

AuZtiN

20-03-2018

Andrew Maloney

20-03-2018

See profile
Broody81

20-03-2018

Enrique Madritzer

20-03-2018

H

19-03-2018

RB

19-03-2018

Sara Soldo

19-03-2018

See profile
Katherine Porter

19-03-2018

See profile
Tim Tjun Wong

19-03-2018

See profile
Jarrod Brugel

19-03-2018

See profile
Christophe Roose

18-03-2018

See profile
Emma Kipps

18-03-2018

See profile
Rachel Thomas

18-03-2018

See profile
Andy

18-03-2018

Harry More

17-03-2018

See profile
Luanne Damiao

17-03-2018

See profile
Steve

17-03-2018

Deryl Menezes

17-03-2018

See profile
Mira Cvijanovic

17-03-2018

See profile
New Age Investor

16-03-2018

ddayhhr

16-03-2018

Gav Boyce

16-03-2018

See profile
Richard Ralph

16-03-2018

See profile
catchkedar

16-03-2018

rosie

16-03-2018

AT

16-03-2018

Jared Smith

15-03-2018

See profile
Alexander Nicholls

15-03-2018

See profile
Peter

15-03-2018

RL

14-03-2018

Dims

14-03-2018

QuincyJ

14-03-2018

ks

14-03-2018

Sandra Kerbler

14-03-2018

Stuart Saxby

14-03-2018

See profile
young hyuk ham

14-03-2018

See profile
The Uncustomary Foodie

14-03-2018

Jefferson Teng

14-03-2018

See profile
Raoul Duke

14-03-2018

David Beer

13-03-2018

See profile
Andrea Frabetti

13-03-2018

See profile
desertdog

13-03-2018

Rachael Poll

13-03-2018

See profile
PNH

13-03-2018

Martyn Fields

12-03-2018

See profile
abc

12-03-2018

Kunal Lakhani

12-03-2018

See profile
Kelvin Lam

12-03-2018

See profile
Andy

12-03-2018

Anna Brown

12-03-2018

See profile
J C

12-03-2018

booster

11-03-2018

RChippy

11-03-2018

Charlie Cull

11-03-2018

See profile
James Rawson

11-03-2018

See profile
JHE

10-03-2018

CH

10-03-2018

Ashley Eustace

10-03-2018

See profile
Scott Barter

09-03-2018

See profile
Luke

09-03-2018

Nicholas Lembo

09-03-2018

See profile
Ludovic Patry

09-03-2018

See profile
Lorenki

09-03-2018

Timothy Anderson

09-03-2018

See profile
Sathish Radhakrishnan

09-03-2018

See profile
BT

09-03-2018

Charlie

09-03-2018

Luke

09-03-2018

SJT

09-03-2018

Marc Bowditch

08-03-2018

See profile
Jonathan Batterham

08-03-2018

See profile
Jason Szeleczky

08-03-2018

See profile
JL

08-03-2018

lexmarc

08-03-2018

Mohamad Ghoul

08-03-2018

See profile
TTLFT

08-03-2018

Joshua Qwek

07-03-2018

See profile
Christopher_M

07-03-2018

Matthew Grant

07-03-2018

See profile
darrenn

07-03-2018

James Walsh

07-03-2018

See profile
Catherine Guest

07-03-2018

See profile
Alberto Sirchia

07-03-2018

See profile
Dylan Foley

07-03-2018

See profile
Danielle Meecham

07-03-2018

See profile
EW

07-03-2018

Tim

07-03-2018

Hu Bi

06-03-2018

See profile
geol29

06-03-2018

Gussy

06-03-2018

Sam Skelton

06-03-2018

See profile
Ben M

06-03-2018

Steve

06-03-2018

Peta Ryan

05-03-2018

See profile
Matt

05-03-2018

Jlee

05-03-2018

Michael Keem

05-03-2018

See profile
Steven Hodkin

05-03-2018

See profile
Observer

05-03-2018

K Brooks

05-03-2018

JH

04-03-2018

Manny05

04-03-2018

sunshine

03-03-2018

Benjamin Mathews

03-03-2018

See profile
SARAH SAFOUR

03-03-2018

See profile
Samuel Bauers

03-03-2018

See profile
Emzed

02-03-2018

amberjee

02-03-2018

Allan Lalic

02-03-2018

See profile
Blake Davey

02-03-2018

See profile
Jamal Hazim

02-03-2018

See profile
DeniseC

01-03-2018

David Laiosa

01-03-2018

See profile
Investor1

01-03-2018

Carl Giammarco

01-03-2018

See profile
jav24

01-03-2018

Brendan Lee

01-03-2018

See profile
Shaun Berger

28-02-2018

See profile
Timothy Keogh

28-02-2018

See profile
Peter Murray

28-02-2018

See profile
Alok Chugh

28-02-2018

See profile
Anon

28-02-2018

Tania

28-02-2018

David Insull

27-02-2018

See profile
Jo Shorrock

27-02-2018

See profile
BigM

27-02-2018

TBShee

27-02-2018

Peter Dimos

27-02-2018

See profile
Definedface

26-02-2018

Rohan Davis

26-02-2018

See profile
THOMAS BAILEY

26-02-2018

See profile
ajt

26-02-2018

Tommy

26-02-2018

Qmar

26-02-2018

Garry Scarf

26-02-2018

See profile
Shane Nolen

26-02-2018

See profile
adamhills

25-02-2018

Qianyi Hung

25-02-2018

See profile
DC

25-02-2018

Tech9

25-02-2018

Perry

25-02-2018

Guy Wallace

25-02-2018

See profile
Jabez Tilto

25-02-2018

See profile
Maxine Shegog

25-02-2018

See profile
elljay

25-02-2018

Belinda Cogswell

24-02-2018

See profile
JJ

24-02-2018

smart guy

24-02-2018

Geoff McCully

24-02-2018

See profile
Charles Zhang

24-02-2018

See profile
Hide

24-02-2018

Cassandra Casiou

24-02-2018

See profile
Interim

23-02-2018

NinjaKondo

23-02-2018

Ian Ward

23-02-2018

See profile
Graeme Christiansen

23-02-2018

See profile
Sharpie

23-02-2018

Ash B

23-02-2018

Thomas Murphy

23-02-2018

See profile
Matt

23-02-2018

Jacquelyn Codd

23-02-2018

See profile
Chris Brown

23-02-2018

See profile
Jeremy Pattison

23-02-2018

See profile
w

23-02-2018

Quigs

22-02-2018

Sergio Gutierrez

22-02-2018

See profile
Obinossor

22-02-2018

kwiz

22-02-2018

Marko Mumlek

22-02-2018

See profile
pmalicse

22-02-2018

Elsbeth Torelli

22-02-2018

See profile
Vivian Chang

22-02-2018

See profile
PU WANG

22-02-2018

See profile
Fergus Stevens

22-02-2018

See profile
Wishbone21

22-02-2018

SHF21

22-02-2018

Nicholas Paton

21-02-2018

See profile
Joshua Mertens

21-02-2018

See profile
Phil Mitchell

21-02-2018

See profile
AY

21-02-2018

Stuart Ronneberg

21-02-2018

See profile
robert loader

21-02-2018

See profile
B

21-02-2018

ErinC

21-02-2018

Jan

21-02-2018

Michael Heeks

21-02-2018

See profile
Quaylegeon

20-02-2018

Andrew

20-02-2018

Cardaz

20-02-2018

LMW

20-02-2018

Nikolas Kraljevic

20-02-2018

See profile
Greg Johnson

20-02-2018

See profile
Daniel Wong

20-02-2018

See profile
NM

20-02-2018

qandccoau

20-02-2018

Daniel Shestowsky

20-02-2018

See profile
Arvind Goyal

20-02-2018

See profile
Keegan Naidoo

20-02-2018

See profile
Rian Wickens

20-02-2018

See profile
James Douglass

20-02-2018

See profile
Sam Hodder

20-02-2018

See profile
Charmaine McDonald

20-02-2018

See profile
Will Bosma

20-02-2018

See profile
Andrew Gideon

20-02-2018

See profile
Alexa Freeman

19-02-2018

See profile
mhw

19-02-2018

Heidi Davies

19-02-2018

See profile
EWM

18-02-2018

queserasera

18-02-2018

Bradley McKeon

18-02-2018

See profile
Baxter

18-02-2018

Mellen

18-02-2018

Michael King

17-02-2018

See profile
Andrew McGregor

17-02-2018

See profile
Tracy Le

17-02-2018

See profile
Brett Jones

16-02-2018

See profile
Jng

16-02-2018

Nicole Kennedy

16-02-2018

See profile
Poppy Schmurf

16-02-2018

Wattsie12

16-02-2018

Andrew Lunardi

16-02-2018

See profile
NK

16-02-2018

Zhi Hao Ong

16-02-2018

See profile
Jane Fields

15-02-2018

JaWyNinja

15-02-2018

James Hua

15-02-2018

See profile
ngoo5316

15-02-2018

Savanna Koene

15-02-2018

See profile
RAJESH AYYAPPAN

14-02-2018

See profile
Gursh

14-02-2018

Sriganesh

14-02-2018

Amardeep Banwait

14-02-2018

See profile
Louise Anderson

14-02-2018

See profile
Peter Doyle

13-02-2018

See profile
Robert Davis

13-02-2018

See profile
David Ward

13-02-2018

See profile
NZ

13-02-2018

Warren Leitao

13-02-2018

See profile
stephen linklater

13-02-2018

See profile
Devanshu Parekh

13-02-2018

See profile
Jamie McPhee

12-02-2018

See profile
Diamond

12-02-2018

andrew laing

12-02-2018

See profile
Silvana Mason as trustee for Drew Jay Mason Blauensteiner Mason

12-02-2018

See profile
ligetisgoat

12-02-2018

JRPINVST

11-02-2018

Davodian

11-02-2018

Ross Maddock

11-02-2018

See profile
SN

11-02-2018

beau

11-02-2018

JV

10-02-2018

Maureen Fromholtz

10-02-2018

See profile
Caitlin Harris

10-02-2018

See profile
Sandra Cipriotti

10-02-2018

See profile
AltruCell

10-02-2018

Martin Newkirk

10-02-2018

See profile
Xander26

10-02-2018

Florida

10-02-2018

David Smyth

10-02-2018

See profile
Robbbo

09-02-2018

Iluka16

09-02-2018

Warwick Morton

09-02-2018

See profile
Justin Ji

09-02-2018

See profile
slinker71

09-02-2018

Priyanka Awadhwal

08-02-2018

See profile
Jogeshwar Preet Singh Kuckreja

08-02-2018

See profile
Gomez1421

08-02-2018

ginmi

08-02-2018

Chris Pascoe

07-02-2018

See profile
Tonkatuff

07-02-2018

Anomander Rake

07-02-2018

William Hardie

07-02-2018

See profile
Jimmy Ha

07-02-2018

See profile
Mark Whitelock

06-02-2018

See profile
Rommero Lagoeiro Carrillo

06-02-2018

See profile
Alan Froud

06-02-2018

See profile
Symon Parish

06-02-2018

See profile
ROSHANI SUNILKUMAR BAROT

06-02-2018

See profile
Demetrio Gil

06-02-2018

See profile
Scott Dawes

06-02-2018

See profile
Yen Pan Chung

05-02-2018

See profile
PolkaDot

05-02-2018

Thomas Birtwhistle

05-02-2018

See profile
Viv

05-02-2018

TY

05-02-2018

Lee

05-02-2018

Dale Hunter

04-02-2018

See profile
Samantha Clarke

04-02-2018

See profile
JenniEl

04-02-2018

Angus Jones

04-02-2018

See profile
Nitish Arora

03-02-2018

See profile
Emily Simpson

03-02-2018

See profile
Frank Mattiussi

02-02-2018

See profile
SocksOnInvestor

02-02-2018

Andrew Barsoum

01-02-2018

See profile
Luka

01-02-2018

RedPig

01-02-2018

Patricia Cann

01-02-2018

See profile
Cheryle

01-02-2018

Alan Young

01-02-2018

See profile
Bingyin ZHAO

01-02-2018

See profile
Michael Spiegel

31-01-2018

See profile
REBECCA

30-01-2018

Joel

30-01-2018

Daniel Steen

30-01-2018

See profile
Sultani

30-01-2018

riaz.budree

30-01-2018

Virgilio Group

30-01-2018

KKDUB

30-01-2018

TonyW

30-01-2018

Gerard Robb

30-01-2018

See profile
Jonathan Korn

30-01-2018

See profile
michael smith

30-01-2018

See profile
Ryan Petrou

29-01-2018

See profile
Anonymous

29-01-2018

Luke B

29-01-2018

Les Olivieri

29-01-2018

See profile
George Nittes

29-01-2018

See profile
Tom Meagher

29-01-2018

See profile
5h4n3

28-01-2018

Marc Hillary

28-01-2018

See profile
marcus catsaras

27-01-2018

See profile
Angela Middleton

27-01-2018

See profile
Willo

27-01-2018

Jonathan Davies

27-01-2018

See profile
Gareth Wheeldon

26-01-2018

See profile
Li Ern

25-01-2018

SK

25-01-2018

CBRguy

25-01-2018

Tomas Brambora

25-01-2018

See profile
Adam Merckel

25-01-2018

See profile
Paul Chappell

25-01-2018

See profile
KT

25-01-2018

Kim Ketelbey

25-01-2018

See profile
Mr DC

25-01-2018

Sumi

25-01-2018

TV

25-01-2018

JB

25-01-2018

MichaelK

25-01-2018

SebAroney

25-01-2018

Kevin Choi

25-01-2018

See profile
Aaron Collyer

24-01-2018

See profile
JW

24-01-2018

M Yamaji

24-01-2018

PaulD

24-01-2018

Joseph Bruzzese

24-01-2018

See profile
vevhvev

24-01-2018

AJ

24-01-2018

Ben

24-01-2018

INVESTOR11

24-01-2018

PQC

24-01-2018

NX

24-01-2018

Tracy Woodbury

24-01-2018

See profile
Craig Fenwick

24-01-2018

See profile
thwaitesy

24-01-2018

Rob Hartnett

24-01-2018

See profile
Nick Dyball

24-01-2018

See profile
Freezer15

24-01-2018

Steven huynh

24-01-2018

See profile
once

23-01-2018

Daniel Jeffery

23-01-2018

See profile
David Baker

23-01-2018

See profile
HCM

23-01-2018

Stuart Hosford

23-01-2018

See profile
hide sceen name

23-01-2018

ST

23-01-2018

Nickstir

23-01-2018

Denise Kruger

23-01-2018

See profile
Investor

23-01-2018

Jiajie Ji

23-01-2018

See profile
Matthew Flood

23-01-2018

See profile
marcusg9

23-01-2018

Matt Shaw

23-01-2018

See profile
Bluesky

23-01-2018

Brendan Caunt

23-01-2018

See profile
mmtyre

23-01-2018

Timothy Meehan

22-01-2018

See profile
maf4400

22-01-2018

JY25

22-01-2018

Peter Nemeth

22-01-2018

See profile
Els

22-01-2018

Tommy

22-01-2018

Broadygirl

22-01-2018

Nick Utber

22-01-2018

See profile
bob

22-01-2018

John Waring

22-01-2018

See profile
lubaobao

22-01-2018

Dave

22-01-2018

Kunal Malhotra

22-01-2018

See profile
Christopher Black

22-01-2018

See profile
David Neill

22-01-2018

See profile
Eric Achman

22-01-2018

See profile
Huggy Bear

22-01-2018

Hersh Singh

22-01-2018

See profile
FJ

21-01-2018

Perrin Stephenson

21-01-2018

See profile
Martina Harmata

21-01-2018

See profile
MWG

21-01-2018

Elizabeth Toussaint

21-01-2018

See profile
chammy

21-01-2018

Troy Thompson

20-01-2018

See profile
Dhimant Shah

20-01-2018

See profile
Gom

20-01-2018

Stoner79

20-01-2018

Alok Nabi

20-01-2018

See profile
Nic Luiz

19-01-2018

Alexandra Taussig

19-01-2018

See profile
Netaction

19-01-2018

Maxwell

19-01-2018

Christopher Stone

19-01-2018

See profile
Julia

19-01-2018

Andrew Finlay

19-01-2018

See profile
Lindley Edwards

19-01-2018

See profile
TIAN XU

19-01-2018

See profile
Yunsheng Chen

19-01-2018

See profile
RMCCA1

19-01-2018

Matthew Koch

19-01-2018

See profile
AL

19-01-2018

SB

19-01-2018

Glen Frost

19-01-2018

Imran Dawood

19-01-2018

See profile
UncleBob

19-01-2018

Nicholas Orford

19-01-2018

See profile
Wayne Willis

19-01-2018

See profile
FRANKB33

19-01-2018

David Anjou

19-01-2018

See profile
Bindi

19-01-2018

Jools

19-01-2018

Victoria Moxey

19-01-2018

See profile
David Mikhael

19-01-2018

See profile
Tran Chau Thach

19-01-2018

See profile
Klinton Moullin

19-01-2018

See profile
Catherine Winn

19-01-2018

See profile
Elijah Smit

18-01-2018

See profile
Duodecennial

18-01-2018

Kerri Russo

18-01-2018

See profile
Sed

18-01-2018

Benjamin King

18-01-2018

See profile
Paul Connor

18-01-2018

See profile
sw

18-01-2018

Thomas Nador

18-01-2018

See profile
Sharon Fuller

18-01-2018

See profile
Horse

18-01-2018

belerton

18-01-2018

Benjamin Trezise

18-01-2018

See profile
Colin Batchelor

18-01-2018

See profile
HIDDENNAME

18-01-2018

Praveen Kumar Thakur

18-01-2018

See profile
Alexander Edmonds

18-01-2018

See profile
Lachlan Huismann

18-01-2018

See profile
Gareth Toh

18-01-2018

See profile
SS

17-01-2018

GM

17-01-2018

Hilda Balman Kang

17-01-2018

See profile
Kathryn Armstrong

17-01-2018

See profile
David Gallagher

17-01-2018

See profile
David Frewen-Lord

17-01-2018

See profile
Tom Louis

17-01-2018

ricster59

17-01-2018

Christopher Xenikas

17-01-2018

See profile
MG

17-01-2018

chen-hsiang Liao

17-01-2018

See profile
Suzanne Riley

17-01-2018

See profile
Samuel Rosenthal

17-01-2018

See profile
Screen Name

17-01-2018

Vishal Patel

17-01-2018

See profile
Ripken

17-01-2018

Investor1

17-01-2018

Simon Kang

17-01-2018

See profile
Dylan Templeton

17-01-2018

See profile
Simon

17-01-2018

Guy Bane

17-01-2018

See profile
Yixin Ding

17-01-2018

See profile
Lisa Chen

17-01-2018

See profile
Seabreeze

17-01-2018

CC

17-01-2018

Robyn Lee

17-01-2018

See profile
Charles Ponzi

17-01-2018

Daniel Polack

17-01-2018

See profile
Phil Smith

17-01-2018

See profile
Naomi Smith

17-01-2018

See profile
Private Investor

16-01-2018

Interested

16-01-2018

investWB

16-01-2018

Josephine Steel

16-01-2018

See profile
Panda-Vesta

16-01-2018

Zoe Murrell

16-01-2018

See profile
Gaurav Gavri

16-01-2018

See profile
balabantuan

16-01-2018

Cynthia Lopes

16-01-2018

See profile
NickyS

16-01-2018

Daniel Dean

16-01-2018

See profile
Greg Hickling

16-01-2018

See profile
Tez

16-01-2018

eminere

16-01-2018

PG

16-01-2018

going17

16-01-2018

TWMT

16-01-2018

Dylan Perry

16-01-2018

See profile
Wee Ming Ng

16-01-2018

See profile
David Chia

16-01-2018

See profile
Glen Giffen

16-01-2018

See profile
Vinoth Manoharan

16-01-2018

See profile
Pullarian

16-01-2018

Ryan Chalder

16-01-2018

See profile
John Burgher

16-01-2018

See profile
cheng

16-01-2018

YDLR

16-01-2018

Cam

16-01-2018

Sjk

16-01-2018

lukep

16-01-2018

DRO

16-01-2018

Anne Burley

16-01-2018

See profile
Joshua Savill

16-01-2018

See profile
Sally Park

16-01-2018

See profile
Craig

16-01-2018

1234

16-01-2018

Max

16-01-2018

Chris Singh

16-01-2018

See profile
Susan Lee

16-01-2018

pasa76

15-01-2018

Satoshi Nakamoto

15-01-2018

Lesley Burvill

15-01-2018

See profile
Joel Kerin

15-01-2018

See profile
Suren

15-01-2018

mathew baldwin

15-01-2018

See profile
Benjamin Ralston

15-01-2018

See profile
JoJo7

15-01-2018

Steven Tucker

15-01-2018

See profile
Louise Edgar

15-01-2018

See profile
chrissie crowley

15-01-2018

See profile
Jason McDougall

15-01-2018

See profile
adrian82

15-01-2018

souldoubt

15-01-2018

G Money

15-01-2018

katipo

15-01-2018

Zi Yu Huang

15-01-2018

See profile
Jackson Stein

15-01-2018

See profile
Dean Pappas

15-01-2018

See profile
CN

15-01-2018

Daniel Rigney

15-01-2018

See profile
Lalinda Wiratunga

15-01-2018

See profile
dc

15-01-2018

Greg Kennedy

15-01-2018

See profile
Joshua

15-01-2018

J

15-01-2018

Gregory Twemlow

15-01-2018

See profile
bearswan

15-01-2018

Neil O'Donnell

15-01-2018

See profile
Steven TUNKS

15-01-2018

See profile
Paul van Eyk

15-01-2018

See profile
Mandeep Sodhi

14-01-2018

Danny Fischer

14-01-2018

See profile
Christoph Guettinger

14-01-2018

See profile
Ian Bradshaw

14-01-2018

See profile
Tee

14-01-2018

Anthony Fields

14-01-2018

See profile
Jainam Shah

14-01-2018

See profile
Daniel Szendrak

14-01-2018

See profile
William Owen

14-01-2018

See profile
A Cohen

14-01-2018

Rohini Goyal

14-01-2018

See profile
Anthony Proud

14-01-2018

See profile
Ben

14-01-2018

Gwen

14-01-2018

Julia Osen

14-01-2018

See profile
Thomas Reed

14-01-2018

See profile
R

14-01-2018

Jamie Healy

14-01-2018

See profile
Matthew Prouse

14-01-2018

See profile
Nicole Sorensen

14-01-2018

See profile
Bryan Graham

13-01-2018

See profile
Craig Bartlett

13-01-2018

See profile
MT

13-01-2018

Eayl Machlis

13-01-2018

See profile
JW

13-01-2018

Federation St

13-01-2018

David Yu

13-01-2018

Manny

13-01-2018

Michael Scamarcia

13-01-2018

See profile
Ross Walsh

13-01-2018

See profile
RON

13-01-2018

kmval

13-01-2018

David Mitchell

13-01-2018

See profile
Christopher Tomich

13-01-2018

See profile
BWR1

13-01-2018

naicy

13-01-2018

JohnD

13-01-2018

Nigel Blaney

13-01-2018

See profile
David NEWELL

13-01-2018

See profile
KK pat

13-01-2018

See profile
Ridley

13-01-2018

Dexter Cousins

13-01-2018

See profile
ozinvestor01

13-01-2018

Marc Zande

13-01-2018

See profile
maruyaki

13-01-2018

Jessica Sturme

13-01-2018

See profile
Raymond Elustondo

13-01-2018

See profile
pkmendoza

13-01-2018

Paul Smith

13-01-2018

See profile
Kyle Dean

12-01-2018

See profile
Samantha Perez

12-01-2018

See profile
Ian Lederhose

12-01-2018

See profile
Kristen Gilbert

12-01-2018

See profile
Al

12-01-2018

Michael Proctor

12-01-2018

See profile
Kevin Crabtree

12-01-2018

See profile
Geffro

12-01-2018

Simon Greening

12-01-2018

See profile
Deelo

12-01-2018

Emmit Housman

12-01-2018

See profile
STYLIANOS PAVLOU

12-01-2018

See profile
Aaron Kendrick

12-01-2018

Muhammad Khan

12-01-2018

See profile
str3tch

12-01-2018

RBLD

12-01-2018

ABC

12-01-2018

Muthukumar Murugesan

12-01-2018

See profile
Robert Pashley

12-01-2018

See profile
Luis Carlos Perez Rivera

12-01-2018

See profile
Mina Parnian

12-01-2018

See profile
Karan Mehta

12-01-2018

See profile
Holly McGregor

12-01-2018

See profile
Adam Dundon

12-01-2018

See profile
Connor Hammond

12-01-2018

See profile
Daniel Hunt

12-01-2018

See profile
Tim Gerber

12-01-2018

See profile
Adam James

12-01-2018

See profile
Ross Payne

12-01-2018

See profile
x3danica

12-01-2018

Rishi Dawar

12-01-2018

See profile
David Golding

12-01-2018

See profile
Scott Lynch

12-01-2018

See profile
Investor123

12-01-2018

Mike SA

12-01-2018

junglejock

12-01-2018

rhan

12-01-2018

Ian Mackay

12-01-2018

See profile
Cumberland

12-01-2018

alanbhyeo

12-01-2018

Adam Sulcas

12-01-2018

See profile
crowdymcfundface

12-01-2018

Siobhan McTiernan

12-01-2018

See profile
sds

12-01-2018

Peteb12

12-01-2018

MM

12-01-2018

Mark Needham

12-01-2018

See profile
Wyndham Rofe

12-01-2018

See profile
Dominic Kelly

12-01-2018

See profile
TerryTeo

12-01-2018

Heath Smith

12-01-2018

See profile
Dr Deva

12-01-2018

CRIT

12-01-2018

Rosebud

12-01-2018

Mark Sheehan

12-01-2018

See profile
William Taylor

12-01-2018

See profile
Nid

12-01-2018

GP088

12-01-2018

Douglas Spiegelhauer

12-01-2018

See profile
JOE FRANC

12-01-2018

See profile
Andrew Summerton

12-01-2018

See profile
Aaron Lepoidevin

12-01-2018

See profile
Xiabour

12-01-2018

Upanddown

12-01-2018

ma11

12-01-2018

Brian

12-01-2018

Tom Bloomfield

12-01-2018

See profile
Sam Moore

12-01-2018

See profile
Ellen

12-01-2018

Ingrid Puzey

12-01-2018

See profile
James Pitt

12-01-2018

See profile
Kishore Kumar Nangia Subramanian

12-01-2018

See profile
Nick MacPherson

12-01-2018

See profile
Tom Hissink

12-01-2018

See profile
Nicholas Schaeffer

12-01-2018

See profile
XO

12-01-2018

Edward Mitchell

12-01-2018

See profile
Jerrylewis

12-01-2018

Chun Yee Chew

12-01-2018

See profile
Gregory Morris

12-01-2018

See profile
Phillip Woolcott

12-01-2018

See profile
JOHN BLICQ

12-01-2018

Him

12-01-2018

Andy Chin

12-01-2018

See profile
Stephen Jenkinson

12-01-2018

See profile
Peter Sherriff

12-01-2018

See profile
Alvin Stewart Shih

12-01-2018

See profile
Neville Fields

12-01-2018

See profile
Caitlin Judd

12-01-2018

See profile
Ewen Gracie

12-01-2018

See profile
Simon Lee

12-01-2018

See profile
Valerie

12-01-2018

artjay

12-01-2018

Joshua Wilson

12-01-2018

See profile
Joshua Littin

12-01-2018

See profile
Nigel Drummond

12-01-2018

See profile
Luke

12-01-2018

Valkyrii

12-01-2018

Sureshkumar Muthusamy

12-01-2018

See profile
Gordon

12-01-2018

ScottNZ

12-01-2018

Mr Snrub

12-01-2018

Benlewis

12-01-2018

Tattie

12-01-2018

Robert Morris

12-01-2018

See profile
weetunga

12-01-2018

mdiab

12-01-2018

Grant Tyers

12-01-2018

See profile
Mark

12-01-2018

SCREENNAME

12-01-2018

Jackson Luff

12-01-2018

See profile
LZahri

12-01-2018

khaalid ansaari

12-01-2018

See profile
Lorraine Stella

12-01-2018

See profile
Murti Chirravuri

12-01-2018

See profile
mattfishaus

12-01-2018

Herbyhawk

12-01-2018

Lloyd Wood

12-01-2018

See profile
Dikshyant Pradhan

12-01-2018

See profile
Suzette

12-01-2018

Nick

12-01-2018

ljjgold

12-01-2018

Josh

12-01-2018

Kosgodage Siyaguna

12-01-2018

See profile
Owen Reed

12-01-2018

See profile
Mark Swain

12-01-2018

See profile
Karl Kyle

12-01-2018

See profile
Davo

12-01-2018

Charlie

12-01-2018

Lyle Robb

12-01-2018

See profile
Sheridan Thompson

12-01-2018

See profile
Philip Toop

12-01-2018

See profile
Richard Wright

12-01-2018

See profile
Joeybahamas

12-01-2018

Andrew Bubb

12-01-2018

See profile
Mark Cooper

12-01-2018

See profile
RJ

12-01-2018

hugh nairn

12-01-2018

See profile
Marc Wiggill

12-01-2018

See profile
Matthew Russell

12-01-2018

See profile
Harikrishnan Gopal

12-01-2018

See profile
Grant Strawbridge

12-01-2018

See profile
Going4it

12-01-2018

Nick Tubb

12-01-2018

See profile
Claire Thompson

12-01-2018

See profile
Sam Smeaton

12-01-2018

See profile
Bookman

12-01-2018

Chez321

12-01-2018

angelinvestor

12-01-2018

David Fuller

12-01-2018

See profile
Daniel Pandeleos

12-01-2018

See profile
RetireB460

12-01-2018

Paul ATF Creighton Holdings Trust

12-01-2018

See profile
Mirna

12-01-2018

Jordan Steley

12-01-2018

See profile
Gareth Furber

12-01-2018

See profile
Lee Harrington

12-01-2018

See profile
David Stack

12-01-2018

See profile
FZA

12-01-2018

Allan McGregor

12-01-2018

See profile
James Garner

12-01-2018

See profile
DTG

12-01-2018

John Koerber

12-01-2018

See profile
Arun Nair

12-01-2018

See profile
Daniel Douma

12-01-2018

See profile
aussieinvestor

12-01-2018

Reg.

12-01-2018

Mrt22

12-01-2018

Simon Rutledge

12-01-2018

See profile
Amanjit Singh Kamal

12-01-2018

See profile
Nick

12-01-2018

Cush

12-01-2018

jorelikins

12-01-2018

Eveole

12-01-2018

neufundinvestor

12-01-2018

Ian Wheeler

12-01-2018

See profile
Penelope Knoff

12-01-2018

See profile
Dale Smith

12-01-2018

See profile
Santiago Luna

12-01-2018

See profile
Callaghan

12-01-2018

Investor1

12-01-2018

NinjaXinja

12-01-2018

pbb

12-01-2018

billybee

12-01-2018

Brian Uy

12-01-2018

See profile
Brenton Purslowe

12-01-2018

See profile
Merrin Sullivan

12-01-2018

See profile
Alex Catalan Flores

12-01-2018

See profile
GS

12-01-2018

micko

12-01-2018

Screen name

12-01-2018

aj11

12-01-2018

Jos

12-01-2018

Anthony Lock

12-01-2018

See profile
Zouhair Diab

11-01-2018

See profile
David Morrissey

11-01-2018

See profile
Rodney Davidson

11-01-2018

See profile
Kerry Apted

11-01-2018

See profile
DRNM

11-01-2018

Bingdao Chen

11-01-2018

See profile
Will Dampney

11-01-2018

See profile
Hirendra Prasad

11-01-2018

See profile
Nathan Taylor

11-01-2018

See profile
Peter Harm

11-01-2018

See profile
Christopher Nedeljkovic

11-01-2018

See profile
Xiaoyun Duan

11-01-2018

See profile
Dave Walker

11-01-2018

See profile
Andy

11-01-2018

Michelle Ross

11-01-2018

See profile
Shendon Ewans

11-01-2018

See profile
Ronie Palima

11-01-2018

See profile
JC

11-01-2018

Anoynomous

11-01-2018

Alex Whitehand

11-01-2018

See profile
Murali

11-01-2018

Christopher Whiting

11-01-2018

See profile
Stephen Townshend

11-01-2018

See profile
Nayan Modi

11-01-2018

See profile
Anthony

11-01-2018

Fernando Garcia

11-01-2018

See profile
Elise Hawthorne

11-01-2018

See profile
lol

11-01-2018

Andrea Pesoli

11-01-2018

See profile
Jin

11-01-2018

Kym Chisholm

11-01-2018

See profile
Tim Muir

11-01-2018

See profile
A

11-01-2018

OZ-LV

11-01-2018

Jonah Cretser-Hartenstein

11-01-2018

See profile
Mattmatt

11-01-2018

Rick Mason

11-01-2018

See profile
Milan Bawa

11-01-2018

Serge Merzliakov

11-01-2018

See profile
App Banker

11-01-2018

Glenn Webster

11-01-2018

See profile
Cameron Mctavish

11-01-2018

See profile
SPDR

11-01-2018

Paul Stredder

11-01-2018

See profile
Thomas Brownie

11-01-2018

See profile
Fraser McTavish

11-01-2018

See profile
kahlan

11-01-2018

Richard Brook

11-01-2018

See profile
Pablo

11-01-2018

Peter Gardner

11-01-2018

See profile
David Hoole

11-01-2018

See profile
JiaJia

11-01-2018

Matt

11-01-2018

SPVR

11-01-2018

Oshri Zvi

11-01-2018

See profile
Richard Gould

11-01-2018

See profile
Krankling

11-01-2018

Samuel Porter

11-01-2018

See profile
Damo

11-01-2018

Jennifer Riches

11-01-2018

See profile
Alexandra Ketelbey

11-01-2018

See profile
Eli

11-01-2018

Gautam Seth

11-01-2018

See profile
Will Rosewarne

11-01-2018

See profile
Pippa Diesel

11-01-2018

See profile
Ruben Clark

11-01-2018

See profile
Michael Lynch

11-01-2018

See profile
MARTYN WILLIAMS

11-01-2018

See profile
PeteC

11-01-2018

Alex Mazzoni

11-01-2018

Matthew Callahan

11-01-2018

See profile
Larry Meyer

11-01-2018

See profile
Argy

11-01-2018

Adam Scott

11-01-2018

See profile
SNKR

11-01-2018

pele

11-01-2018

Roy Strugnell

11-01-2018

See profile
James

11-01-2018

Burto

11-01-2018

Jacqueline Spaile

11-01-2018

See profile
Anthony Fara

11-01-2018

See profile
NRB

11-01-2018

Alan Lang

11-01-2018

See profile
Christine Kelly

11-01-2018

See profile
Daniel Vains

11-01-2018

See profile
Dylan Steenhuisen

11-01-2018

See profile
Grayson Campbell

11-01-2018

See profile
Robert Armstrong

11-01-2018

See profile
Marcus Eeson

11-01-2018

See profile
Todd Soulas

11-01-2018

See profile
Michael Ternes

11-01-2018

See profile
Alex Jans

11-01-2018

See profile
DAVID CAMPBELL

11-01-2018

See profile
Ben Taylor

11-01-2018

See profile
Nicholas Biehl

11-01-2018

See profile
Kyle Knight

11-01-2018

See profile
Andrew Aylward

11-01-2018

See profile
Patrick Mosse

11-01-2018

See profile
Killhouse

11-01-2018

LMN

11-01-2018

Zed

11-01-2018

A3

11-01-2018

ashmobs87

11-01-2018

Graham Tooley

11-01-2018

See profile
Damien Murray

11-01-2018

See profile
Ryan Spencer

11-01-2018

See profile
Alexander Romanov

11-01-2018

Michael Puser

11-01-2018

See profile
Yogesh Pathade

11-01-2018

See profile
Josh Graham

11-01-2018

See profile
Andre Wilson

11-01-2018

See profile
Dylan Jobson

11-01-2018

See profile
Keith Brown

11-01-2018

See profile
Smarter Solutions

11-01-2018

Cindy Vuong

11-01-2018

See profile
Blue

11-01-2018

Patrick Duigan

11-01-2018

See profile
Harry Evans

11-01-2018

See profile
Denis Guillot

11-01-2018

See profile
AdamCF

11-01-2018

JNAP

11-01-2018

Melissa Chan

11-01-2018

See profile
Alec Scholes

11-01-2018

See profile
Adam

11-01-2018

Arrog

11-01-2018

JamesBlack91

11-01-2018

Jingwen Liao

11-01-2018

See profile
SydneySingleMum

11-01-2018

Kimberly Fitton

11-01-2018

See profile
Govinda Lange

11-01-2018

See profile
Chris Lederhose

11-01-2018

See profile
Andrew Clatworthy

11-01-2018

See profile
Agent W

11-01-2018

Andrew Brydon

11-01-2018

See profile
Anthony Godden

11-01-2018

See profile
David Olofinsky

11-01-2018

See profile
Daniel Hay

11-01-2018

See profile
leigh Cleland

11-01-2018

See profile
HJPV

11-01-2018

Christopher Scriva

11-01-2018

See profile
Daniel Raihani

11-01-2018

See profile
Verity Froud

11-01-2018

See profile
Tim Chesterfield

11-01-2018

See profile
David Nichols

11-01-2018

Jonny Wilkinson

11-01-2018

See profile

 


 


Log in to find out more


Login Register

Please make sure you have saved your campaign before leaving this page