Tagged: digital bank

April 9, 2026 @ 7:32 am By JD Alois  |  

Netherlands based ClearBank has been approved under Markets in Crypto Assets (MiCA) regulation. The company announced that it had received approval from the Dutch Authority for the Financial Markets (AFM) to operate as a Crypto Asset Service Provider (CASP). The bank stated that it will… Read More

April 5, 2026 @ 6:16 am By Omar Faridi  |  

Digital bank Revolut has reached a significant milestone in its Latin American expansion, securing an Organisation Authorisation from Peru’s Superintendency of Banking, Insurance and AFP (SBS). Announced on 1 April 2026, this approval represents a vital early phase in the company’s effort to establish a… Read More

April 5, 2026 @ 2:19 am By Omar Faridi  |  

UK-based private equity company Pelican Capital has acquired a stake in Equipment Management Solutions Group Limited (EMS), backed by a senior loan from digital lender OakNorth. The transaction, announced on April 2, 2026, positions the specialist provider of reusable supply chain equipment services for accelerated… Read More

April 3, 2026 @ 11:45 am By Omar Faridi  |  

Italy’s competition and consumer protection authority has imposed a total fine of €11.5 million on multiple entities within the Revolut fintech group, citing a series of unfair commercial practices that allegedly misled users and restricted their access to essential financial services. The Autorità Garante della… Read More

March 30, 2026 @ 1:02 am By Omar Faridi  |  

UK’s digital bank Monzo has announced a significant achievement by surpassing the 15 million customer mark. This latest milestone underscores the rapid expansion of the challenger bank, which continues to attract users from diverse age groups and financial backgrounds while positioning itself as a comprehensive solution… Read More

March 19, 2026 @ 11:05 am By JD Alois  |  

GoTyme Bank (formerly TymeBank) says it has now topped 12 million customers since its launch in 2019. GoTyme is a “phygital” challenger bank operating across multiple markets (Philippines, Hong Kong, Indonesia, Vietnam, and Singapore). GoTyme leverages BPC’s services to provide banking and other Fintech services…. Read More

March 19, 2026 @ 8:53 am By Omar Faridi  |  

UK’s digital bank Zopa has announced its third successive year of profitability. The milestone highlights the lender’s impressive growth trajectory since securing its full banking license in 2020 and scaling into a comprehensive financial services provider. For the financial year ending 31 December 2025, Zopa… Read More

March 12, 2026 @ 11:39 pm By Omar Faridi  |  

Digital bank Revolut has reached a transformative milestone in the British market by activating its dedicated UK banking license. Following a successful preparatory phase, the Prudential Regulation Authority has removed all restrictions, allowing Revolut Bank UK Ltd to begin operating as a fully authorized bank…. Read More

February 10, 2026 @ 8:52 pm By Omar Faridi  |  

Digital bank Revolut has announced plans to allocate nearly $400 million into its local operations over the next five years. This investment comes on the heels of the company surpassing one million retail customers in the country, a significant achievement / milestone around six years… Read More

February 10, 2026 @ 10:44 am By JD Alois  |  

Erebor Bank, a Columbus, Ohio-based digital bank serving high-net-worth individuals and startups, has been approved for a national bank charter by the Office of the Comptroller of the Currency (OCC). Erebor was previously approved for a conditional charter in October.  FDIC insurance was approved in… Read More

February 3, 2026 @ 4:58 am By Omar Faridi  |  

Digital bank OakNorth has recently extended two significant loans, each worth £8.3 million, to support diverse development projects. These financings underscore the bank’s commitment to fostering residential and tourism sectors amid evolving demographic and economic needs. The initiatives target retirement housing and luxury vacation spots,… Read More

February 2, 2026 @ 5:42 pm By JD Alois  |  

Varo, a federally chartered digital bank, has raised $123.9 million in a Series G funding round. The terms of the funding were not revealed. According to a release, new investor Coliseum Capital Management and existing investor Warburg Pincus led the round. Existing investors also participated… Read More

January 30, 2026 @ 5:45 pm By JD Alois  |  

South America-based digital bank Nubank (Nu)  (NYSE:NU)has received approval for a federal bank charter by the Office of the Comptroller of the Currency. With approval, Nubank will be able to compete on a level playing field with other digital and legacy banks. As is typical,… Read More

January 29, 2026 @ 3:21 pm By JD Alois  |  

Digital bank LendingClub (NYSE:LC) reported Q4 and full-year results yesterday, but the solid results were not sufficient to inspire investors as shares cratered following the results. LendingClub reported that net revenue increased 23% to $266.5 million, compared with $217.2 million in the prior year, driven by… Read More

January 28, 2026 @ 10:29 pm By Omar Faridi  |  

Digital bank Revolut has initiated complete banking activities in Mexico. This development represents the company’s inaugural full-scale banking venture beyond Europe, positioning Mexico as a pivotal entry point for further growth in emerging markets. Announced this month, the launch follows the conclusion of a beta… Read More

January 28, 2026 @ 8:37 am By Omar Faridi  |  

Nordic digital bank Lunar has successfully raised €46 million in new capital. This investment round, announced on January 27, 2026, is set to propel the company’s ambitions in scaling its operations, particularly in business banking and lending services, while strengthening its presence throughout the Nordic… Read More

January 28, 2026 @ 7:13 am By Omar Faridi  |  

Digital banking provider Nubank (NYSE: NU), which focuses on serving consumers in Brazil at the broader LatAm region, announced recently it has exceeded 112 million customers, capturing about 61% of Brazil’s adult population. This surge reportedly positions Nubank as one of the largest private financial institutions… Read More

January 25, 2026 @ 1:37 pm By Omar Faridi  |  

UK-based digital bank Revolut has abandoned its earlier intentions to purchase a U.S. financial institution. The company is now focusing on securing an independent banking charter directly from U.S. regulators, according to a recent report. This move underscores Revolut’s determination to penetrate the lucrative U.S…. Read More

January 21, 2026 @ 7:57 am By Omar Faridi  |  

OakNorth, the digital bank focused on enabling mid-market businesses, has recently extended significant financing to two distinct ventures. These moves underscore the bank’s commitment to fostering sustainable development and economic expansion, having already disbursed over $18 billion in loans that have spurred job creation and… Read More

January 20, 2026 @ 1:19 pm By Omar Faridi  |  

Nubank (NYSE: NU) continues to redefine banking by prioritizing customer value through new partnerships in 2026 and tailored digital financial services. As one of Latin America’s digital banks, Nubank has recently unveiled a series of updates that highlight its commitment to financial inclusion, improved user… Read More