Tag: Challenger bank

FinTech startup Jiko has acquired Mid Central National Bank in a deal that is the first of its kind.

Digital banking platform Chime has raised up to $200m in a new funding round, according to a new US Securities and Exchange Commission filing.

Neon Pagamentos, a Brazilian neobank, has closed its Series C round on $300m as it looks to build new features.

After having doubled its losses in the last year, challenger bank Monzo has now announced that it will add two new fees by the end of October.

Singapore-based FinTech Atlantis is launching a challenger bank in India in order to tap into the global $15.7bn millennial banking industry.

Digital bank for teens Copper Banking has secured $4.3m in its seed funding round, which was led by PSL Ventures.

Finndon, a new UK-based challenger bank looking to launch next year, has reportedly raised £2m from its founders.

Fintech Finnu has secured $800,000 investment to give loans for phones to customers in Latin America.

Challenger bank Monument has revealed that it is in the later stages of an application process to get a UK banking licence in order to launch a service for affluent clients.

US challenger bank Chime has launched a new type of payment card to help millennials establish a credit history in a time when many young customers don't have one.