Tagged: challenger bank

N26 Introduces Premium Account Black in Denmark, Iceland, Liechtenstein, Norway, & Sweden

Germany-based challenger bank N26 recently announced it has introduced premium N26 Black account in  Denmark, Iceland, Liechtenstein, Norway, and Sweden. According to N26, N26 Black targets frequent travelers and it removes the “uncertainty” of exchange rates and transaction costs encountered through foreign travel and provides customers with free… Read More

Digital Banking Platform Starling Bank Secures £60 Million Through Series C Funding Round Led By Merian Global Investors

UK banking platform Starling Bank announced on Wednesday it secured £60 million through its Series C funding round, which was led by Merian Global Investors, including the Merian Chrysalis Investment Company Limited (Merian Chrysalis). Starling Bank reported that it has raised further £15 million from its existing… Read More

Monzo Launches First 100 Business Accounts

UK challenger bank Monzo announced on Monday the launch of its first 100 business accounts. This news comes just a few months after Monzo revealed it was considered business banking, with Founder and CEO, Tom Blomfield, stating 2019 plans included business accounts. Speaking about the new… Read More

UK Digital Bank Monese Brings Apple Pay to Customers

Digital challenger bank Monese announced on Tuesday it is now offering Apple Pay for all personal Monese cards across the UK, France, Germany, Italy, Spain, Finland, and Ireland. According to Monese, customers may now make payments from both their UK or European Monese cards, easily and… Read More

Stealth Bank: Project Imagine’s First Venture dozens Wants to Be Where You Save Your Money, Plans Crowdfunding Round on Seedrs

dozens, a “new banking and wealth management alternative” wants to be where you save your money. dozens will accomplish this by providing proprietary financial products including a 5% annual interest rate which will make high-interest rates accessible to more people. dozens is placing the money… Read More

Digital Bank Xinja Tops A$ 1.6 Million, Seeks Max Raise on Equitise of A$ 4,859,800

The UK and Europe and other jurisdictions are not alone in pursuing the digital banking revoluation. In Australia, Xinja is following in the footsteps of platforms like Revolut and Monza by raising growth capital on a crowdfunding platform. Several weeks into their public campaign on… Read More

Accion Venture Lab Funds Brazilian Digital Bank Jeitto

Digital challenger bank Jeitto has that it has closed on a new funding round led by Accion Venture Lab, a seed-stage investment initiative of global nonprofit Accion. The amount of funding was not disclosed. Accion was described as a strategic investor with “extensive global investment… Read More

Monzo Looks Back on 2018 Successes & Announces 2019 Goals

Just days after ringing in the new year, UK challenger bank Monzo took a look back at all of its successes throughout 2018. The fintech unicorn hit various milestones throughout the past twelve months, including quickly securing £20 million through its most recent crowdfunding round and… Read More

Digital Challenger Bank Xinja Receives Banking License, Preps to Return to Equitise for Second Crowdfunding Round

Merry Christmas, Xinja. In January of 2018, Xinja became the first retail equity crowdfunding offer in Australia following an update to rules. Xinja, a digital challenger bank, went on to raise $2.4 million in a solid “proof of concept” offering that was part of larger… Read More

SME Challenger Bank Tide Claims 1% Of the UK SME Banking Market in Two Years

Tide, a UK-based SME challenger banking, announced on Monday it has claimed one percent of the UK SME banking market just two years after it first started operations. The company reported that by the end of 2018, 56,000 of a total of 5.6 million UK… Read More

In just 2 Days, Digital Bank Monzo Closes on £20 Million Crowdfunding Round

Monzo, an emerging heavy-weight in the hot digital banking sector, has shared that 36,006 individuals crowdfunded £20 million in just 2 days, 2 hours and 45 minutes. The offer was hosted on Crowdcube and received intense interest as competition in the UK banking sector heats… Read More

Zopa Receives Banking License, Says it Will Redefine Banking with New Fintech Service

Zopa to Offer “Feel Good Money” Digital Bank Peer to peer lender Zopa has received authorization from both the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) to operate its much anticipated digital challenger bank. Initially, Zopa will operate with a bank licence with restrictions. Zopa… Read More

Digital Bank Tandem Discusses Journey Card, Updates & New Research

According to Tandem Bank, nearly three quarters of its Journey Card customers are building or rebuilding their lives with credit using the product. 72% of customers for Tandem’s latest card product are either entirely new to credit, re-engaging it, or had trouble in the past… Read More

Monzo Sets Record Straight About Crowdfunding Round After Media Outlet Claims Fintech Is Lending Money to Customers to Buy Shares

Just days after announcing plans to raise up to £20 million through its upcoming crowdfunding round, UK challenger bank Monzo is now setting the record straight after a media outlet claimed that the startup was lending money to customers to help them purchase shares. According to… Read More

Monzo News: UK Challenger Bank Set to Seek Up to £20 Million Through Latest Crowdfunding Effort

Less than a month after securing £85 million through its latest investment round, which was led by General Catalyst, alongside Accel, UK-based challenger bank Monzo announced on Monday it is now seeking up to £20 million through its upcoming crowdfunding efforts. As previously reported, Monzo (which… Read More

Report: Revolut to Raise $500 Million then Launch in USA

Digital bank Revolut is revving up for a $500 million series D funding round, according to recent reports. This next capital injection follows the last round from earlier this year when Revolut raised $250 million at a valuation of $1.7 billion. The funding validated its… Read More

Tandem Announces Opening of Community Beta Testing For Autosavings

UK challenger bank Tandem announced on Friday that it has invited their existing app users to join its Autosavings Beta testing community to help test its new Autosavings proposition. According to Tandem, users will be able to feedback suggestions for improvement, report bugs and discuss their… Read More

Monzo Forms New Partnership with PayPoint For Cash Payment Solution

UK-based challenger bank Monzo has teamed up with PayPoint to use its cash payments solution for its current account holders. According to the fintech, customers may now deposit up to £300 cash directly into their Monzo account in a single transaction at any of PayPoint’s 28,000 stores…. Read More

Future Digital Bank & P2P Lender Zopa Raises £60 Million, Plans for Expansion [u]

Zopa, the UK’s largest consumer peer to peer lending platform, has closed on a £60 million funding round – its largest capital raise to date. This most recent funding round was partially announced back in August when Zopa reported it had raised £44 million. The new capital… Read More

N26 Expansion: German Challenger Bank Brings Services to Denmark, Norway, Poland, & Sweden

Germany-based challenger bank N26 is bringing its services to Denmark, Norway, Poland, and Sweden. This news comes just weeks after the fintech officially launched in the UK. As previously reported, N26 was founded in 2013 and stated it has redesigned banking to make it simple, fast and contemporary…. Read More

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