Tag: Challenger Banks

Mobile banking app Fundall closes its pre-seed on $150,000

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

Global WealthTech investment bounced back in Q3 to hit highest level...

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

Revolut rumoured to soon apply for California banking licence

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

How incumbents can beat the rising threat of challengers

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.

Revolut’s business customers can now get metal cards

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

Chime said to grow valuation by 900% in 18 months to...

US challenger bank Chime has reportedly become one of the world highest valued FinTech companies after reaching a staggering $14.5bn valuation.

Tandem scraps its credit card and suffers down round whilst eyeing...

UK challenger bank Tandem is getting rid of its credit card line since it proved too costly and will now pivot towards homeowner financing after potentially having suffered a down round.

Fondeadora said to close $14m Series A as it pushes to...

Fondeadora, a new challenger bank based in Mexico, has reportedly bagged $14m in its Series A to help with its goal of becoming a full-stack neobank.

Traditional banks to lose market share to neobanks according to new...

Challenger banks are about to grow the transactions conducted between businesses by 42% by 2022 and will take market shares from traditional vendors, according to new research from Juniper Research.

Injunctions and calls to the police: N26’s employees rebel against the...

N26 employees have set up a works council despite their employer arguing it would stand "against almost all values we believe in" and filing injunctions to prevent it from coming into existence in what is proving to be a messy affair.

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