Tagged: banking license

Spain’s Neobank Rebellion Becomes First Challenger in the Country to Receive Banking License and Offer IBANs

Spanish neobank Rebellion has reportedly become the first challenger in the nation to acquire a banking license and provide International Bank Account Number (IBANs), according to a report from La Vanguardia.  The Fintech company is planning to become a neobank that “best speaks the language… Read More

Australian Neobank Xinja Bank Receives License & Launches Bank Accounts

Xinja Bank, an Australia-based neobank, announced on Monday it has received its full banking license from the Australian Prudential Regulation Authority (APRA) and has launched its bank accounts.  Founded in 2017, Xinja Bank describes itself as an independent 100% digital neobank for Australians that is… Read More

Square Reapplys For Banking License

Payment process platform Square has reportedly reapplied for its banking license. This news comes less than six months after the company withdrew its application.  According to Finextra, the company previously submitted its banking license application with the Federal Deposit Insurance Corporation (FDIC) to become a… Read More

Revolut is Granted European Banking License, Plans US Expansion in 2019

Digital only bank Revolut has received a European banking license. The London based Fintech says it is now positioned to become “the Amazon of Banking.” Revolut applied for the banking license via the Lithuanian central bank just over a year ago in November 2017. It… Read More

Revolut Acquires Licenses to Expand in Japan & Singapore

Digital bank Revolut has acquired licenses to expand in Japan and Singapore. The launch in the Asian countries comes just after the fintech reportedly is planning to raise $500 million through its upcoming Series D funding round. According to CNBC, Revolut reported it received a remittance license… Read More

Circle Now Planning to Seek U.S. Banking License

thought-catalog unsplash Bitcoin Ethereum Cryptocurrency

Boston-based cryptocurrency platform Circle is now making plans to apply for a banking license in the U.S. As previously reported, Circle, which is backed by Goldman Sachs, was founded in 2013 and offers four products: Circle Invest, which allows users to easily invest in crypto; Circle Pay,… Read More

UK Fintech Cashplus Announces Banking License Plans

UK-based fintech Cashplus announced on Thursday it is currently seeking to receive its banking license. The company, formerly known as Advanced Payments Solution, now seeks to evolve the current banking system. It offers financial services, prepaid cards and accounts, business accounts and consumer debit accounts…. Read More

Send this to a friend