Tag: neobank

Yandex and Tinkoff’s $5.48bn deal crumbles just weeks after it was...

Barely a month after it was first announced, it seems as if Yandex's bid to buy Russian neobank Tinkoff in a $5.48bn deal has already come to an end.

Rich people neobank Monument receives restricted banking licence in the UK

The challenger bank for the wealthy Monument has received an authorisation with restriction banking licence from the Prudential Regulation Authority and the Financial Conduct Authority 18 months after its launch.

Another high-level executive leaves Revolut

Barely a month after Revolut's COO left, the challenger bank's head of compliance has now joined the growing list of top executives abandoning the neobank.

Jiko becomes the first FinTech startup to purchase a US-regulated bank

FinTech startup Jiko has acquired Mid Central National Bank in a deal that is the first of its kind.

Nubank raises $300m in new funding round

Brazilian challenger bank Nubank has reportedly raised $300m in new funds, according to a filing with the U.S. Securities and Exchange Commission.

Struggling neobank Monzo adds fees for taking out cash and getting...

After having doubled its losses in the last year, challenger bank Monzo has now announced that it will add two new fees by the end of October.

Atlantis is launching a neobank in India called Neo-Bank

Singapore-based FinTech Atlantis is launching a challenger bank in India in order to tap into the global $15.7bn millennial banking industry.

The global challenger bank market to be valued at $471bn by...

The global neobank market is estimated to grow from $20.4bn in 2019 to reach $471bn by 2027, according to a ResearchAndMarkets.com' report.

Tandem Bank has acquired Allium Lending Group in a £60m deal

UK challenger bank Tandem Bank has acquired green lender Allium Lending Group as part of a £60m fundraising deal.

Challenger bank Zopa launches savings accounts

Hot on the heels of getting its banking licence in June, neobank Zopa is now launching a savings accounts.

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