Tag: Digital bank

Revolut, N26 and Monzo might have entered the US over the years to some extent, but Chime is still dominating the country’s digital bank market.

UK challenger bank Revolut has launched a bank in Lithuania after having achieved a European banking licence in the tail end of 2018, but says it might just be the beginning of further expansion across the continent.

Japanese digital bank Kyash has collected $45m in its Series C round, coming less than a year after it closed its Series B on $14m.

The European challenger bank market is about to get more crowded as YAPEAL secured a FinTech banking licence from FINMA, Switzerland’s independent financial markets regulator.

Australian neobank Volt Bank has reportedly secured $48m in its Series C round as it sets its sights on listing on the Australian Securities Exchange later this year.

UK challenger bank Revolut is reportedly eying a new funding round which would value the business at $5bn (£3.85bn).

EpiFi, an Indian neobank, has reportedly raised $13.2m in its seed funding round as it gears up for the launch of its platform.

Bank Negara Malaysia has updated its licensing framework for digital banks and is planning on issuing up to five new licenses to qualified applicants.

NatWest has launched its new digital bank Bó, offering customers the ability to manage their daily spending, set budgets and goals, and track progress.

Banking platform for businesses and entrepreneurs Arival has raised more than £1.1m in a crowdfunding campaign.