NOW Money raises 700k to support platform launch
Dubai-based NOW Money has raised $700,000 in its latest funding round from Accion Venture Lab and Newid Capital.
UK challenger bank Atom nets ?30m
UK challenger bank Atom bank has held off its floatation after raising ?30m in equity from BBVA, Toscafund and Infinity Investment Partners.
LendInvest lands ?150m Barclays, HSBC partnership to aid UK property market
PropTech company LendInvest has secured a partnership with banking giants HSBC and Barclays that will funnel ?150m into the UK property space.
Mexico-based Klar scores $15m in its Series A round
Mexico-based challenger bank Klar has reportedly bagged a $15m Series A funding round, which was led by Prosus Ventures.
Monzo to hire 500 new employees and take another crack at paid accounts
UK-based challenger bank Monzo is planning to grow its staff from 1,500 to 2,000 and to relaunch its failed premium services.
Business bank account Penta nets ?7m to support team expansion
German business bank account Penta has netted ?7m in a new investment round, to support expansion of its team.
Accenture buys design agency to help redesign retail banking
Professional services giant Accenture has acquired digital banking-focused design agency Allen International to boost its digital transformation capabilities.
Neobank Open becomes India’s 100th unicorn
Indian neobank Open has reportedly become the 100th unicorn in India, after it closed a Series D.
Veriff, Monese partner to offer secure digital banking services to Europe
Estonian identity verification firm Veriff has teamed with mobile money app Monese to provide strengthened and secure digital banking services to European consumers.
Dutch neobank bunq announces record year and continued growth despite Covid-19
European challenger bank bunq has doubled its user deposits and grown its workforce despite the global pandemic.
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