Tag: Online Banking

Philippines-based digital-only neobank Tonik Digital Bank has closed its Series B funding round on $131m.

Small business banking platform Novo has reached a $700m valuation following the close of its Series B round on $90m.

Metro Bank has launched a new invoicing technology aimed at reducing bottlenecks on its mobile application.

Jefa, a digital bank aimed at women in Latin America, has reportedly closed its seed round on $2m.

Banking solution developer finova has acquired BEP, a cloud-based mortgage and savings software developer.

Varo Bank, which claims to be the first all-digital nationally chartered bank in the US, has raised $510m in an oversubscribed funding round.

UK challenger bank Atom Bank reportedly experienced an operating loss of ?36m in the financial year ending March 2021, down from ?46m in the previous year.

US FinTech Upgrade has bolstered its unicorn status by lifting its overall valuation to $3.3bn following a $105m Series E capital raise.

Data protection and security are of the highest importance for UK banking customers as financial services become increasingly dependent on digital interactions, according to a new study.

Daylight, a US-based digital banking platform aimed at supporting the LGBTQ+ community, has received an investment from Anthemis.