Tagged: banking challenger

June 17, 2021 @ 8:55 am By Omar Faridi  |  

Digital bank Revolut has shared the latest updates on its platform for June. The Revolut team writes in a blog post that the world is now beginning to open up “a bit more” and they’re hoping that (if you can) you’re enjoying (somewhat of) a… Read More

June 9, 2021 @ 4:59 pm By Omar Faridi  |  

Brazil-based banking challenger Nubank recently revealed that it has secured a total of $750 million in capital as part of two extensions of its latest Series G round. The Fintech firm reports raising $1.15 billion in total. During Nubank‘s first extension, the banking challenger acquired… Read More

June 8, 2021 @ 9:31 am By Omar Faridi  |  

AideXa, an Italian banking challenger for small businesses, has reportedly acquired a full banking license which was issued by the European Central Bank (ECB). Established by Roberto Nicastro, ex- GM at Unicredit, Banca AideXa aims to leverage AI and Open Banking to better serve SMEs… Read More

May 21, 2021 @ 7:56 am By Omar Faridi  |  

Revolut Business revealed on Friday (May 21, 2021) that it’s introducing currency forward contracts (FX Forwards) in the United Kingdom. Revolut Business’ FX Forwards will allow firms of any size – from large corporates to single-person businesses – to set future exchange rates via an… Read More

May 16, 2021 @ 3:04 pm By Omar Faridi  |  

Digital bank Monzo has introduced new and improved invoices on Business Pro. The team at Monzo notes that they’ve made in-app invoicing “better” in order to give users more time “for what really matters (like running your business, being with family, or queuing for an… Read More

May 16, 2021 @ 2:38 pm By Omar Faridi  |  

Digital bank Revolut says your account has had “a spring clean.” Revolut Business has a “new look” and a more “personalized” experience. The Revolut team writes in a blog post: “We’ve updated our Revolut Business web app and the new, simpler navigation makes it easier… Read More

May 16, 2021 @ 2:25 pm By Omar Faridi  |  

UK-based digital bank Starling notes that their overdraft can serve as a short-term “safety net” for eligible or qualified personal customers. The Starling Bank team writes in a blog post that if you don’t have enough funds in your account to cover essential payments or… Read More

May 6, 2021 @ 11:03 pm By Omar Faridi  |  

UK-based banking challenger Monzo notes in a recent product update that it’s now possible to send a payment reminder to someone you may have split a bill with (via the Fintech firm’s app). The Monzo team noted in a blog post: “As of today (May… Read More

April 24, 2021 @ 2:37 pm By Omar Faridi  |  

UK-based banking challenger Monzo recently revealed that it has added new features for its customers’ connected accounts and virtual cards. The Monzo team writes in a blog post: “We’ve added some exciting new features to help you get more visibility and control over your other… Read More

April 21, 2021 @ 8:27 am By Omar Faridi  |  

UK-based 3s.money, a startup that assists corporates with accepting and managing their bank transfers in foreign markets, has reached a £40 million valuation following a £3 million Series B round that was led by TMT Investments. As stated on 3s.money’s website: “3S Money is a… Read More

April 21, 2021 @ 8:19 am By Omar Faridi  |  

OakNorth has reportedly entered into software deals with US banking institutions Capital One and Fifth Third, according to a report from BI. OakNorth has managed to onboard two new clients for its credit intelligence product offering. Capital One and Fifth Third Bank will be using… Read More

April 20, 2021 @ 11:37 pm By Omar Faridi  |  

UK-based digital banking challenger Starling‘s CEO Anne Boden has revealed that the Fintech Unicorn is now well-positioned to acquire another lender. Boden also noted that there’s not a significant requirement for technology visas since the UK has the required talent. Starling, which has strategic funding… Read More

April 19, 2021 @ 7:06 am By Omar Faridi  |  

  Starling, a leading UK-based digital bank, revealed on Monday (April 19, 2021) that it has received a £50 million investment from Goldman Sachs Growth Equity. The latest investment is reportedly an extension of the digital bank’s oversubscribed £272 million Series D investment round that… Read More

April 17, 2021 @ 5:32 pm By Omar Faridi  |  

Earlier this week, digital bank Chime revealed that you can use their platform to pay anyone. Chime users can send money to anyone, “even if they’re not on Chime.” As noted by the banking challenger, the users can claim funds to their bank account “instantly… Read More

April 5, 2021 @ 9:47 pm By Omar Faridi  |  

Australia-based banking challenger Judo Bank has released an SME Banking Insights report for February 2021. The extensive report notes that the Australian small to medium-sized enterprises (SME) segment remains the “largest battleground for revenue, profit and growth.” The report adds that this particular segment is… Read More

April 4, 2021 @ 10:55 pm By Omar Faridi  |  

Monzo, a UK-based digital bank that recently raised £50 million as part of a Series G extension, reveals that it has a new special offer, “exclusively for Monzo Plus & Premium customers.” The Monzo team writes in a blog post that they know you are… Read More

April 4, 2021 @ 10:54 pm By Omar Faridi  |  

Digital banking challenger Revolut notes that whether you are just opening your doors to clients, growing a company or investing in a new initiative, let’s “launch into action” during this spring season. Revolut writes in a blog post that Revolut‘s virtual and physical debit cards… Read More

March 27, 2021 @ 3:32 pm By Omar Faridi  |  

  Quinlan & Associates have published a report, titled Branching Off: The Outlook for Hong Kong’s Virtual Banks. The report, which has been authored by company CEO and Managing Partner Benjamin Quinlan and Consultant Eashan Trehan, notes that it’s been a year now since the… Read More

March 26, 2021 @ 8:28 am By Omar Faridi  |  

Digital banking challenger Revolut confirms that Revolut Business is now live in the United States. Elizabeth McGrath from Revolut writes in a blog post that Revolut Business is available in all 50 US states, as of March 25, 2021. McGrath explains that Revolut Business “gives… Read More

March 23, 2021 @ 12:27 am By Omar Faridi  |  

Islamic or Sharia-compliant Fintech services are being increasingly adopted in Saudi Arabia, the United Arab Emirates (UAE) and internationally as well, according to a report from Arabian Business. As reported by the news outlet, the largest transaction volumes have come from Saudi Arabia, the UAE,… Read More