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.