Online Banking

The new generation of UK bank users are turning away from traditional brick-and-mortar banks in favour of digital banking, leading a major shift across Europe.

WealthTech startup Wellthi has secured funding from Virginia Venture Partners, the equity investment arm of the Virginia Innovation Partnership Corporation (VIPC). 

Daylight, a neobank tailored to the LGBTQ+ community, has announced its imminent closure. According to CEO Rob Curtis, the company's operations will end on 30 June, a report from TechCrunch claims.

Tyme, a leading digital banking group globally recognised for its swift expansion, has successfully secured a funding round of $77.8m.

Onyx Private, a digital bank dedicated to high-earning Millennials and Gen Zers, has successfully attracted an impressive $4.1m funding round.

TD Bank, popularly referred to as America's Most Convenient Bank, has made a push in the credit card market by launching a new suite of credit card products. This includes the unveiling of two new types of credit cards and upgrades to existing customer favourites.

Swissquote, an online bank in Switzerland, has joined hands with NetGuardians, a leading player in AI-powered FinTech solutions.

Greenwood, a digital banking platform focused on serving Black and Latinx communities, has acquired Kinly, a mobile banking platform, in a move that brings together two of the largest Black-owned FinTechs. The terms of the deal were not disclosed.

Fintech Farm, which is helping to create neobanks in emerging markets, has reportedly closed its Series B funding round on $22m.

radicant bank, the first digital sustainability bank in Switzerland, will bolster protections around payments through a partnership with NetGuardians.