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Fledgling Australian digital bank Xinja says a capital raise, which has opened early to existing investors, customers and people who had registered interest, has passed the minimum of $500,000 in less than nine hours.

Published in Market

New Zealand retailer Noel Leeming Group has been fined NZ$200,000 for misleading consumers about their rights under the Consumer Guarantees Act in relation to the purchase of consumer goods such as mobile phones, laptops and household appliances.

Published in Technology Regulation

Retail telecommunications is still the most complained about industry in New Zealand despite complaints levels remaining relatively flat year-on-year, according to a new consumer issues report from the competition enforcement agency, the Commerce Commission.

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