Tag: Challenger Banks

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.

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.

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.

New digital bank WeLab has celebrated opening 10,000 accounts within its first ten days of its launch, demonstrating how challenger banks are taking off in Asia.

TransferWise is continuing its summer of growth by inking a partnership with Australian challenger bank Up.

As COVID-19 continues to wreak havoc in the global economy, FinTech companies have continued to raise capital. Here's what the rounds from the past seven days tell us.

Things look to be going from bad to worse for UK challenger bank Monzo. After suffering a 40% down round in June, the bank has now revealed its annual losses have doubled due to the pandemic.

UK neobank Monzo has launched a new version of its premium offering and is keeping the fingers cross that it will last longer than the old offering, which had to be scrapped after just a few months.