Tag: Challenger Banks

Challenger bank Kuda Bank aims to change the banking system in emerging markets and won’t let the coronavirus stand in its way.

Singapore has opened up for new challenger banks to open up shop in the country and people are getting thrilled about it.

UK challenger bank Revolut is now live in the United States and already has tens of thousands of customers lined up in the nation.

As COVID-19 rages on across the world, the affects on the FinTech segment of the economy is already letting itself be known.

One, a new US challenger bank which is pitching for a summer launch, has reportedly secured $17m in its Series A round.

While Revolut is still waiting to receive its US banking licence, the challenger bank has hired a 40-year industry veteran to lead its expansion stateside.

Swedish neobank Northmill has repurchased bonds with a nominal value of SEK5.5m (£4.77m). The repurchase concerns the challenger bank’s senior unsecured bonds with a nominal outstanding amount of SEK500m (£41.48m).

European neobanks have taken steps to limit the impact COVID-19 will have on their businesses.

Continuing the streak of US challenger banks closing funding in 2020, NorthOne has collected $21m in its Series A round.

Screen scraping may be on the way out in Europe, but Australian regulators see no reason to ban it just yet.