Tag: neobank

Neobank insha bags €2.5m in seed funding round

insha, the Islamic challenger bank that boasts about offering an “account with principles”, has secured €2.5m in a new investment round.

Nium signs partnership with challenger bank Unifimoney

FinTech infrastructure platform Nium has inked a partnership that will see it enhance the transaction experience of the San Francisco-based neobank Unifimoney.

TreeCard introduces world’s first wooden card

Replanting company Ecosia is powering a new wooden debit card named TreeCard that will use 80% of its profits to plant new trees.

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.

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