Online Banking

Neobank for women entrepreneurs Lucy reportedly closes pre-seed round

Lucy, which is a neo bank designed aimed at women, has reportedly raised SGD 500,000 ($360,000) in a pre-seed funding round.

Revolut’s new payment solution to compete with Stripe and Adyen

Revolut's new business solutions means its taking aim at payment processing giants Stripe, Checkout.com and Adyen.

Revolut applies for UK banking licence

Challenger bank Revolut has submitted its application for a bank licence in the UK to the nation's financial regulators.

Can banks beat neobanks at their own game?

Challenger banks have spent the better part of the last decade turning the banking world on its head, but is there a way for incumbents to bridge the technology divide?

Cash App’s parent company Square is now officially a bank

A year after receiving Federal Deposit Insurance Corp (FDIC) approval, Square Financial Services, Square’s state-chartered industrial bank has begun operations.

Vybe bags $2.9m to launch teen challenger bank

French FinTech startup Vybe has raised $2.9m from a funding round to build a challenger bank service for teenagers.

Kid-friendly banking startup Greenlight banks $260m, almost doubles valuation in six months

Atlanta-based Greenlight, which helps children learn to save with its app and debit card products, secured $260m in a Series D funding round led by Andreessen Horowitz, nearly doubling its valuation in six months.

Contactless payment market anticipates soaring growth into 2025

A study has found the mobile contactless payment market is expected to grow by 24% in 2021 to around $2.489trn.

Virgin Money teams with 9Spokes to aid business banking development

Virgin Money has partnered with New Zealand-based FinTech company 9Spokes to help support the development of the former’s business banking proposition.

JP Morgan Chase acquires 40% stake in Brazil-based C6 Bank

Brazil-based digital bank has C6 Bank received an investment from JPMorgan Chase, which sees it take a 40% ownership stake in the FinTech.

News Stories

Aviva, a leading insurance provider, and RiskEye, a digital risk management specialist, have joined forces to enhance Aviva's cyber insurance offering.

Aviva to enhance cyber insurance offering through new partnership

Aviva, a leading insurance provider, and RiskEye, a digital risk management specialist, have joined forces to enhance Aviva's cyber insurance offering.
ISSB

ISSB launches groundbreaking digital sustainability taxonomy

The ISSB has announced the publication of its much-anticipated IFRS Sustainability Disclosure Taxonomy (ISSB Taxonomy).
Lunar

Denmark’s digital challenger Lunar secures €24.1m to expand across the Nordics

Lunar, a Denmark-based digital challenger bank, has recently successfully secured a funding round of €24.1m.
Apptega

Apptega’s fresh $15m funding set to boost compliance and security offerings

Apptega has successfully raised $15m in a combination of growth equity and third-party debt from Mainsail Partners.
Kayna, an award-winning embedded insurance infrastructure platform, is set to optimise AEGIS London’s online quote and bind platform through a new partnership.

Kayna to optimise AEGIS London’s online quote and bind platform through new partnership

Kayna, an award-winning embedded insurance infrastructure platform, is set to optimise AEGIS London’s online quote and bind platform through a new partnership.

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