Tag: Chime

Massive amounts of capital have been injected into the FinTech industry in 2020, but ten companies raised bigger rounds than the rest.

Payments giant Stripe is reportedly looking to raise a funding round which could see its valuation reach somewhere between $70bn and $100bn.

Challenger bank Current has secured $131m in a Series C funding round led by Tiger Global Management to work towards making the financial lives easier for its users.

Mexican challenger bank albo has secured $45m as plans on becoming the nation's answer to Chime.

Hot on the heels of it bagging in $4.3m in new investment, teenage-focused neobank Copper has now strengthened its leadership by adding former Chime executive Daniel Gonzalez to the fold.

Having made several initiatives recently to better position itself in the market, UK challenger bank Revolut is now launching a new subscriptions feature to give customers more control over their recurring expenditure.

No-code risk and compliance solution Unit21 has closed a funding round on $13m to support the growth of its product.

WealthTech companies raised $2.8bn in the third quarter of 2020 across 111 transactions, a five-quarter high for deal activity.

UK-based challenger bank Revolut is reportedly on the cusp of applying for a banking licence in California.

The past month has seen two US FinTech companies surpass the $10bn valuation mark, but are these outliers or a sign of things to come?