Tag: Challenger Banks

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.

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

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.

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.

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

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

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

The European neobank app updates are coming fast right now with Revolut unveiling the latest version of its app just days after Dutch rival bunq did the same.

Neobank bunq has updated its platform with new features aimed at changing the way people think about banking, including new charity functions that allow them to help businesses struggling because of the coronavirus.

Challenger banks had already started a revolution in digital banking, but with the coronavirus pushing these changes to become permanent it could mean that one in four European bank branches will be forced to close by 2023.