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UK challenger bank Starling Bank has reportedly scraped plans to launch in Ireland after withdrawing its application for an Irish banking licence.
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 digital bank giant Monzo has reached a $4.5bn valuation after it recovers from its slump in 2020.
UK challenger bank Zopa has secured £220m in funding, as it edges closer to becoming profitable.
German digital bank N26 has reached a $9bn valuation, following the close of a $900m investment round, which it claims to be the largest financing of a digital bank in Europe.
Challenger bank Fair has closed a $20m investment round and announced that it will open early bird membership enrolment in March as it eyes April launch.
Research by accountancy and advisory business BDO has found lending by challenger banks in 2020 reached a record high of £143bn – a hike of 11% on 2019.