Tag: Challenger bank

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.

Monzo launches to the US public

UK challenger bank giant Monzo has moved out of its closed beta and opened to all customers in the US.

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