Tag: Challenger bank

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.

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.

Challenger bank Bunq has reportedly closed a €160m funding round, which puts its valuation at €1.65bn.

Berlin-based challenger bank Vivid Money has raised $60m from a Series B funding round led by Greenoaks.

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.

Swiss challenger bank Alpian closed a $18m Series B round, less than a year after its $13.6m Series A round.

Hong Kong-based FinTech unicorn WeLab raised $75m in new Series C1 funding round led by Allianz.

Challenger bank OakNorth Bank has completed a ?4.4m Coronavirus Business Interruption Loan Scheme (CBILS) loan to complete the development of a care home.

American challenger bank Dave has received a $100m credit facility from Victory Park Capital.

Latin American challenger bank decacorn Nubank has reportedly more than doubled its valuation to reach an eye-watering $25bn.