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Challenger bank lending continues to climb with 11% uptick in 2020
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.
Atom Bank records ?36m operating loss as it continues mission to...
UK challenger bank Atom Bank reportedly experienced an operating loss of ?36m in the financial year ending March 2021, down from ?46m in the previous year.
bunq said to close €160m round upping its valuation to €1.65bn
Challenger bank Bunq has reportedly closed a €160m funding round, which puts its valuation at €1.65bn.
Vivid Money bags $60m Series B to expand across Europe
Berlin-based challenger bank Vivid Money has raised $60m from a Series B funding round led by Greenoaks.
Bunq, Volt partner to bolster open payment technology
Dutch challenger bank Bunq has partnered with London-based payments company Volt to provide a faster way for Bunq customers to transfer money from other accounts.
Neobank Alpian reels in $18m to develop its personlised digital banking...
Swiss challenger bank Alpian closed a $18m Series B round, less than a year after its $13.6m Series A round.
WeLab secures $75m in Series C1 round led by Allianz to...
Hong Kong-based FinTech unicorn WeLab raised $75m in new Series C1 funding round led by Allianz.
OakNorth Bank provides ?4.4m coronavirus loan to Beulah Vista Caring Home
Challenger bank OakNorth Bank has completed a ?4.4m Coronavirus Business Interruption Loan Scheme (CBILS) loan to complete the development of a care home.
Dave becomes third most valuable challenger bank in the US after...
American challenger bank Dave has received a $100m credit facility from Victory Park Capital.
Latin American neobank Nubank more than doubles valuation to reach a...
Latin American challenger bank decacorn Nubank has reportedly more than doubled its valuation to reach an eye-watering $25bn.