Tag: Challenger bank
Average FinTech deal size in South America jumped 2.5x in first...
Key South American FinTech investment stats in H1 2024: South American deal activity for H1 2024 dropped by 59% in YoY comparison
Average deal...
Dutch FinTech Finom raises €50m to bolster SME banking services
Finom, a challenger bank based in Europe and specifically tailored for SMEs and freelancers, has recently announced a substantial boost to its operations with a Series B equity funding round, raising a noteworthy €50m.
Lunar and TrueLayer’s innovative alliance aims to transform Nordic payments
Lunar, a Nordic challenger bank, has teamed up with TrueLayer, an open banking payments network.
VCs bullish on PayTech companies in Mexico amid FinTech funding slump...
Key Mexican FinTech investment stats in Q1-Q3 2023:
• Mexican FinTech companies raised a combined $141m in the first three quarters of 2023, a sizable...
Alba Bank and Mambu collaborate to redefine SME lending in the...
Alba Bank, a Glasgow-based challenger bank keen on improving lending experiences for SMEs, announced a partnership with Mambu, the globally recognised true SaaS cloud banking platform.
Varo Bank names Wook Chung as CPO
Varo Bank, the first all-digital, nationally chartered consumer digital bank in the US, has named Wook Chung as its chief product officer.
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.
Starling Bank withdraws Irish banking licence application
UK challenger bank Starling Bank has reportedly scraped plans to launch in Ireland after withdrawing its application for an Irish banking licence.
Iceland’s first challenger bank indó launches from stealth
Icelandic FinTech company indó has launched from stealth after the close of its seed round on $4.5m. This is the first challenger bank to emerge...
UK challenger bank Bank North ends crowdfunding
Bank North, a UK-based challenger bank, has closed its latest crowdfunding campaign on £2.2m, surging past its initial target of £1.3m.