Tag: Banking

Challenger banks had already started a revolution in digital banking, but with the coronavirus pushing these changes to become permanent it could mean that one in four European bank branches will be forced to close by 2023.

US neobank Aspiration has scored $135m in its Series C round to help it provide its customers with more financial products and services.

Treasury Prime, which builds APIs to help banks better integrate with new technology systems, has closed its Series A on $9m.

Cross River Bank, which offers banking solutions to FinTech companies, has reportedly collected a $100m funding round, as it prepares for its initial public offering (IPO) next year.

US challenger bank One has chosen core banking infrastructure developer Finxact to power its services in a new deal.

UK-based Lanistar, an alternative to digital banking, has netted £2m in its seed funding round as it sets its sights on becoming a £1bn company.

Backbase, an omni-channel digital banking platform, has partnered with Finxact partner to help financial institutions across North America with their digital transformation.

Having already established a card processing relationship, Ikano Bank has decided to take its relationship with the European payment provider Nets to the next level.

JUMO, a startup building financial services for emerging market entrepreneurs, has bagged $55m as it looks to move into more markets.

MANTL, an account opening software solution for banks and credit unions, has bagged $8m in its Series A round led by Point72 Ventures.