Tag: Challenger Banks

Exclusive: Robert Bell of 86 400 reveals why he’s setting up...

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

ACORN OakNorth closes $100m funding round to support expansion of ACORN

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

What is holding back challenger banks’ expansion?

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.

Starling reportedly partners with RBS for new secret project

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

The future of banking is in specialism, not an all in...

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.

Monzo closes £22m round with £2.5m in crowdfunding

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.

Atom Bank announces £83m from BBVA with more on the way

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.

Monzo crowdfunding round rockets through $2.5m target

Digital challenger bank Monzo has blasted through its £2.5m crowdfunding target in less than four hours of opening pre-registration for the campaign.

House of Fraser to back Tandem with £35m

Challenger bank Tandem is set to receive a £35m investment form UK department store firm House of Fraser.

Monzo banks £19.5m, looks to crowdfund £2.5m more

The app-only bank has already closed £19.5m in a Series B round led by Thrive Capital and plans to raise a further £2.5m through crowdfunding.

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