Plenti is not a bank, and Plenti investor accounts are not bank accounts. Plenti is neither authorised under the Banking Act 1966 (Cth), nor supervised by the Australia Prudential Regulation Authority. As such, the depositor protection provisions in section 13A of the Banking Act will not cover your investment.
Plenti is regulated and licensed by ASIC, and holds both an Australian Financial Services Licence (number 449176) and an Australian Credit Licence (number 449176). Learn more about our compliance.