Tag: Challenger Banks
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.
Hong Kong-based neobank WeLab opens 10,000 accounts in first ten days
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 signs partnership with Australian neobank Up
TransferWise is continuing its summer of growth by inking a partnership with Australian challenger bank Up.
24 FinTech investment rounds from the last week that could tell...
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.
Monzo’s coronavirus struggle continues as it reports its annual loss doubles...
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.
Monzo has relaunched its premium accounts after the old version flopped...
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.
86 400 vying another $34m raise just months after its latest...
Australian challenger bank 86 400 has kicked off another investment drive with the goal to raise $34m to fund expansions into the mortgage market.
Starling Bank said to be eyeing pair of grants as it...
UK challenger bank Starling Bank is reportedly looking to raise yet more funding this year, with the hopes to create more products for small and medium-sized businesses (SMEs).