Tag: Challenger Banks

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.

Three challenges facing European challenger banks when they go to the...

From regulatory loops to jump through to massive competition, European challenger banks have many obstacle to overcome if they want to expand across the pond.

New UK neobank Muniy to raise £200,000 on Crowdcube in attempt...

Muniy is the latest challenger bank to come out of the UK, but it promises to offer something new and exciting as part of its new crowdfunding campaign.

Why Madrid-based neobank Bnext is revamping its cashback programme

Founded in 2017, Spanish challenger bank Bnext has revamped its cashback programme in a big way.

OakNorth unveils proprietary COVID-19 credit framework to support commercial lenders

The coronavirus has skewed the old way of rating loans, which is why UK challenger bank OakNorth has developed its COVID Vulnerability Rating (CVR) framework to rate the risk of loans.

Revolut allegedly coerced staff into quitting or being fired

UK challenger bank Revolut is facing accusations of having illegally forced employees to either quit or being fired for underperformance as the FinTech unicorn was looking to cut cost amidst the coronavirus pandemic.

Freelancer banking platform Lili has scored $10m in its seed round

Banking app for freelancers Lili has closed its seed round on $10m to support the expansion of the team.

Monzo to fire 120 people as the neobank continues to struggle...

UK challenger bank Monzo is facing new setbacks as it is reportedly going to cut 120 jobs.

Varo Money bags $241m in its Series D round as it...

Mobile banking platform Varo Money has nabbed $241m in its Series D round, as it moves closer to national charter approval.

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