August 22, 2019 @ 8:17 am By Samantha Hurst  |  

Less than a month after it opened its platform in the U.S., digital-only banking group N26 announced it has made its mobile banking app available to U.S. consumers nationwide. Starting today, U.S. residents may now download the app and apply for an N26 account and… Read More

August 7, 2019 @ 1:30 pm By JD Alois  |  

Shares in LendingClub (NYSE:LC) are rising during another down market day as the trade war with China has no end in sight and political tempers flare. Shares are currently trading over 10% higher following yesterday’s Q2 earnings report where LendingClub said it expected to finally… Read More

August 7, 2019 @ 12:14 pm By JD Alois  |  

Digital-only bank N26 has opened up its platform to US customers and is sending out invites to download the App and receive an N26 card now. N26, based in Germany, is one of a group of European digital banks crossing the Atlantic to provide services… Read More

July 23, 2019 @ 11:47 am By JD Alois  |  

Fintech Betterment is pushing further into the traditional banking realm. The digital-only platform is will soon offer “Betterment Everyday” which includes an FDIC-insured checking and savings product that will have no account fees, overdraft fees, minimum balances or monthly maintenance fees. The checking service will… Read More

July 23, 2019 @ 9:30 am By JD Alois  |  

MoneyLion has raised $160 million in funding. MoneyLion previously revealed $60 million of this amount but has since added $100 million as part of Series C funding round. MoneyLion is an entrant in the hot challenger bank marketplace. It provides its banking services via a… Read More

July 8, 2019 @ 9:24 am By JD Alois  |  

Zopa, the first peer to peer lender to launch in the UK and the only platform to have actually experienced a recession, received a provisional bank license in late 2018 as it looks to transition from an online lender and investment platform to a digital… Read More

June 13, 2019 @ 12:53 pm By JD Alois  |  

Digital challenger bank Monzo has crossed the Atlantic and entered the US marketplace. On the same day competitor Revolut announced an expansion into Australia, Monzo announced banking services in the US in a release and a blog post. A signup form is available on the… Read More

May 17, 2019 @ 11:17 am By Samantha Hurst  |  

UK-based digital banking platform Starling Bank recently celebrated its second anniversary. Founded in 2014 and officially launched in 2017, Starling Bank describes itself as a UK mobile-only bank that offers personal, joint, and business accounts. The app allows users to “take the stress out” of… Read More

April 22, 2019 @ 9:03 am By Samantha Hurst  |  

dozens, a “new banking and wealth management alternative,” is now nearing £3.8 million through its equity crowdfunding campaign on Seedrs. The round, which was launched last month, originally sought to raise £3.5 million and has attracted more than 2,000 investors. As previously reported, dozens describes… Read More

April 10, 2019 @ 12:59 pm By Samantha Hurst  |  

Digital banking platform 2gether announced on Wednesday users will be able to use 2gether’s prepaid Visa card in any of the 19 eurozone countries. The company revealed: “2gether’s prepaid Visa card allows users to convert cryptocurrency to euros, and to spend those euros anywhere Visa… Read More

April 10, 2019 @ 11:34 am By Samantha Hurst  |  

UK-based challenger bank Redwood has reportedly surpassed £100 million in lending. As previously reported, Redwood is considered one of the newest additions to the future of banking, joining peers such as Monzo, Starling, Revolut and more. Redwood is on a mission to target the SME… Read More

February 22, 2019 @ 10:30 am By Samantha Hurst  |  

Russian banking group Sberbank announced on Friday the launch of its new online cash transit services, which allows users to make existing cash transit agreements. According to Sberbank, the advantages of the group’s cash transit services include the following: Reliable partner with the widest coverage Funds are… Read More

February 13, 2019 @ 9:32 am By Samantha Hurst  |  

Less than a month after revealing it has topped 500,000 in customers, digital-first challenger bank Tandem Bank announced in total customers have spent over £100 million on their credit cards and has paid £500,000 in cashback to its customers. Tandem reported since launching in February 2018, the… Read More

February 5, 2019 @ 9:43 am By Samantha Hurst  |  

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

January 15, 2019 @ 10:34 am By Samantha Hurst  |  

Australian digital bank Xinja has not only launched its second equity crowdfunding round on Equitise, but it also has already secured its initial $500,000 funding target. The launch of the latest funding round comes just one year after Xinja became the first retail equity crowdfunding offer in Australia… Read More

December 5, 2018 @ 10:18 am By JD Alois  |  

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

December 4, 2018 @ 7:25 am By Erin Hobey  |  

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

November 29, 2018 @ 11:11 pm By Samantha Hurst  |  

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

November 18, 2018 @ 8:14 am By JD Alois  |  

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

November 12, 2018 @ 4:04 pm By Cali Haan  |  

The CEO of London-based digital only banking platform Revolut has denied popular claims that Wall Street is poised to avalanche into cryptocurrency investing. Revolut CEO Nikolay Storonsky, told an audience at the Web Summit 2018 in Lisbon, last week, that, as far as he is concerned: “There is… Read More