Tag: Challenger bank

Mobile point of sale (POS) platform SumUp has teamed up with UK challenger bank Starling Bank to support faster payouts to SMEs in the UK.

Challenger bank Zenus Bank has been permitted to act as a bank, taking it one step closer to its stated goal of enabling remote banking access for people around the world.

Joust Labs, a US challenger bank focused on freelancers and entrepreneurs, has closed its seed round on $2.6m.

Challenger bank Starling is set to reach one million accounts and £1bn in deposits by the end of the year.

Launched in 2018, Judo Bank just closed a A$400m ($270.62m) round, bringing the total amount invested into the neobank to A$540m ($365.34m).

KOHO, the Canadian challenger bank, has announced a new cashback programme and a new merchant-specific rewards.

MoneyLion, a mobile banking platform, has secured $160m in funding to support the expansion across the US.

Australians just got more banking options with 86 400 getting a licence to operate as an authorized deposit-taking institution in the country. In other words, it now has permission to operate as a bank in Oz.

N26, a German challenger bank, has increased its Series D round to $470m, boosting its valuation to $3.5bn.

Venture capital-backed digital bank Monzo has seen its valuation double to about £2bn in the wake of a new funding round.