Tag: Challenger Banks

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).

Digital bank Rocker signs deal with Enfuce to be able to...

The challenger bank industry in the Nordics has taken another step forward with Rocker tapping Enfuce, the Finnish FinTech startup, to enable it to issue Visa cards and process payments.

Tom Blomfield no longer a director at Monzo as he transitions...

Monzo co-founder Tom Blomfield has been removed as a director, as part of his transition into a new role and the appointment of TS Anil as the bank’s CEO.

31 investment rounds that show the state of the FinTech industry

From Monzo's seeing its valuation plummet to Checkout.com becoming one of Europe's most valuable FinTechs, the last week has been full of funding rounds that could cause big waves in the sector.

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