Tag: Challenger bank

Italian challenger bank illimity has reported a 31% jump in profits in the third quarter compared to the second one this year.

The challenger bank Tenth is looking to tap into the estimated $1.4trn spent by Black citizens in the US.

Mexico-based challenger bank Klar has reportedly bagged a $15m Series A funding round, which was led by Prosus Ventures.

German challenger bank N26 is reportedly weighing up a new funding round next year, which could put its valuation above $3.5bn.

Toronto-based mobile banking startup XTM has announced it will begin shipments and installations in early October of its new so-called Reverse ATMs to large venues and stadiums across North America.

Despite Covid-19 and Brexit, challenger bank OakNorth claims to have been able to avoid many of the hurdles other neobanks have faced.

UK challenger bank Starling Bank has launched a new online banking option for its personal and joint bank account customers that will enable them to manage their financial from a computer as well as on their smartphones.

Having responded to media speculation about an upcoming deal, Tinkoff has revealed that it has inked an agreement with Russian tech giant Yandex to allow the later to buy the neobank in a $5.48bn deal.

By postponing its launch to 2021, Zenus Bank has joined the number of challenger banks forced to shift their focus because of the coronavirus.

Barely a month after Revolut's COO left, the challenger bank's head of compliance has now joined the growing list of top executives abandoning the neobank.