Tag: Challenger Banks

Mobile-only bank Atom has closed a £50m fundraising round. The round saw money injected from financial security investment company Banco Bilbao Vizcaya Argentaria (BBVA), hedge fund Toscafund and Woodford Patient Capital Trust as well as funds advised by Perscitus.

The UK unicorn Monzo has bagged a new partnership with insurer AXA Partners to offer the digital-only bank’s customer better travel insurance options.

Namaste Credit is joining the digital banking revolution by announcing plans to turn the online lending marketplace, into a “fully-fledged digital-only bank” for micro, small and medium-sized enterprises.

The banking industry in Australia is changing. And the founder of 86 400 is at the forefront of this push.

ACORN OakNorth Holdings has closed a $100m funding round to support the global growth of its ACORN machine.

Challenger banks’ big issue currently is they’re not actually banks and lack the experience to thrive, according to Alior Bank managing director Bruno Ferreira in a research interview with FinTech Global.

UK challenger Bank Starling has reportedly formed a partnership with Royal Bank of Scotland on a secret project.

The future for challenger banks is through specialism, not becoming a one-stop shop for everything, according to OakNorth deputy CEO Graham Olive in a research interview with FinTech Global.

Challenger bank Monzo has wrapped up its latest funding haul with £22m after raising £2.5m in crowdfunding. The London-based attracted a record-breaking 6,5000 investors.

UK challenger bank Atom Bank has raised a further £83m in equity capital. The round takes Atom’s total funding to £219m and values the Durham-based company at £261m.