Personal Finance

Research by mobile analytics platform App Annie has discovered mobile FinTech apps outperformed banks by a factor of up to 10.8x during the COVID-19 pandemic.

Neobanking startup Zeta is said to be close to joining the burgeoning unicorn club in India with Softbank-led funding round, which is currently being finalised with the Japanese investor.

Swedish bank Ikano has chosen UK RegTech platform TruNarrative to provide digital onboarding and fraud risk management services for its company.

UK-headquartered FinTech SumUp has partnered with the Zoological Society of London (ZSL) to develop a digital in-house fundraising technology to make contactless donations.

Troygold, which digitises ownership of physical gold, has reportedly closed an investment from Crossfin Ventures.

UK-based FinTech Monva has secured £451,905 in fundraising on crowdfunder Crowdcube – more than double its original target.

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

Swiss challenger bank Alpian closed a $18m Series B round, less than a year after its $13.6m Series A round.

Nationwide Building Society has started issuing ‘dot and notch’ embossed and recycled bank cards for its blind customers.

Open banking platform Plaid hauled in a massive $425m Series D funding round led by Altimeter Capital with participation from new investors Silver Lake and Ribbit Capital, pushing the firm’s valuation to $13.4bn.