Tag: Challenger Banks

Challenger bank Current has secured $131m in a Series C funding round led by Tiger Global Management to work towards making the financial lives easier for its users.

UK-based neobank Starling has just cut even and expects to remain profitable as it plans to roll out its services across Europe.

Italian neobank AideXa has secured €45m in seed capital to create a FinTech company focused on small businesses.

Lili, a mobile banking platform for freelance workers, has secured a $15m investment, coming just a matter of months after its seed round.

Having made several initiatives recently to better position itself in the market, UK challenger bank Revolut is now launching a new subscriptions feature to give customers more control over their recurring expenditure.

Nigeria-based Fundall, a mobile banking platform, has closed its pre-seed funding round on $150,000 to support its launch.

WealthTech companies raised $2.8bn in the third quarter of 2020 across 111 transactions, a five-quarter high for deal activity.

UK-based challenger bank Revolut is reportedly on the cusp of applying for a banking licence in California.

It is easy to assume financial incumbents will be around forever, as many have shown their resilience for hundreds of years; however, a new series of presentations from Nucoro show the threat to them is real.

Having already offered metal cards for personal accounts, UK neobank Revolut has now launched metal cards for business customers.