Tag: Challenger bank

Penta, a digital banking platform for businesses, has collected €8m in its new funding round led by HV Holtzbrinck Ventures.

German Federal Financial Supervisory Authority (BaFin) has ordered challenger bank N26 to improve its prevention of money laundering and terrorist financing.

Anne Boden, founder and CEO of Starling Bank, believes the challenger bank will break even by the end of next year as the company has doubled its users since 2018.

UK-based challenger bank Monzo has raised £85m in its newest round of funding, ahead of launching a new crowdfunding campaign.

German business bank account Penta has netted ?7m in a new investment round, to support expansion of its team.

Brazil-based challenger bank Nubank has reportedly received a $180m investment from Chinese backer Tencent.

UK-based challenger bank Masthaven has received a £60m equity investment from Värde Partners.

France-based challenger bank Qonto has collected €20m in its Series B round of funding.

Mobile banking solution Varo Money has become the first FinTech to receive preliminary approval for a national bank charter from the OCC.

Personal finance app Money Dashboard has completed its integration with UK challenger bank Monzo.