Tag: Challenger bank

German challenger bank N26 is reportedly being told by the country’s banking regulator BaFin to improve its response to fraud.

Marqeta, the global modern card issuing platform, has revealed that 72% of Britons do most of their banking online and 77% would even consider switching to a digital-only bank.

Digital banking platform for entrepreneurs Rho Business Banking has launched its services alongside the close of an investment round.

Neo bank Juno has reportedly raised $3m in a seed funding round led by Polychain Capital and Sequoia Capital India’s accelerator Surge.

Klar, a Mexico-based challenger bank, has raised $57.5m in a round comprised of seed funding and debt financing.

Neobank for the emerging markets FairMoney has reportedly raised €10m in a Series A funding round.

Alba is a new UK-based challenger bank that is looking to launch in 2020. As part of its push, it has now teamed up with banking software company Temenos.

Czech-founded challenger bank Twisto has just announced that it has raised €14m as part of its Series B round.

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.