Tag: Challenger bank

Lunar raises €46m to fuel Nordic banking expansion

Nordic challenger bank Lunar, a digital full-service bank serving consumers and businesses, has announced a €46m capital increase to accelerate growth across the Nordic...

FinTech firm Salmon secures $88m to expand in Philippines

Salmon has raised $88m to expand its presence in the Philippines and scale its operations across Southeast Asia. The latest funding round comprises a $60m...

Monzo’s profit soars 8x to £113.9m as customer base hits 12m

Monzo has reported a dramatic leap in profitability, with adjusted pre-tax profits reaching £113.9m for the financial year ending 31 March 2025—an eightfold increase from the previous year.

Amsterdam-based SMB banking platform Finom lands $105m from General Catalyst

Amsterdam-based Finom, a digital banking platform tailored for small and medium-sized businesses, has raised $105m in growth funding.

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.

120,000+ FinTech leaders get exclusive industry stories delivered every week