Tag: Challenger Banks

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.

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

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, 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.