Tag: Monzo

Latin American ventures, Iron Man-backed enterprises and buy now pay later startups among the big winners of the 29 FinTech funding rounds reported on last week.

Monzo founder Tom Blomfield is leaving the bank at the end of the month, after a tough couple of years.

Challenger banks Monzo and Starling Bank led the list that provided the best service among the UK's 19 largest personal account providers, according to new research from British regulators.

WealthTech funding in the first three quarters is 5.1% lower compared to the same period last year.

Revolut's revenues dropped by 40% at the start of the coronavirus crisis, but now the neobank has revealed that it is 50% ahead of its pre-pandemic levels and even broke even in November.

It's easy to be taken in by the flashy digital offering of challenger banks, but new research suggests that they may not be as popular as people think.

Last week week saw 28 FinTechs close investment deals. Three sectors in particular proved especially successful.

This summer challenger bank Monzo suffered through a £60m down round as the pandemic took its toll. Now it has raised a second raise for the same amount at the same $1.2bn valuation.

Credit scoring startup Nordigen has launched a new open banking API to solve the issue of expensive solutions in the market, taking a swing at companies like Tink and Plaid in the process.

Challenger banks often boast about their ability to revolutionise what they describe as an old timey banking sector, but do customers really buy their spiel?