Tagged: neobank

June 23, 2022 @ 3:37 pm By JD Alois  |  

Inter&Co (NASDAQ: INTR), a Brazil-based Fintech, commenced trading of its shares on the Nasdaq today. Inter&Co previously traded on Brazil’s B3 exchange. As was previously reported, Inter&Co is seeking the greater liquidity and robust capital markets of the US as it plans its expansion. Inter&Co reports… Read More

June 20, 2022 @ 4:45 pm By Omar Faridi  |  

Dave Inc. (NASDAQ: DAVE), a banking app on a mission “to build products that level the financial playing field,” recently announced the rollout of Dave ExtraCash $500 and Instant to eligible new members “with a plan for a full rollout through the summer months.” Dave… Read More

June 10, 2022 @ 7:51 am By Omar Faridi  |  

Swedish firm Juni, a neobank focused on digital commerce entrepreneurs, has finalized a $206 million Series B and venture debt funding. The $100 million Series B investment round has been led by Mubadala Capital, whose international Fintech initiatives reportedly include investments in SpotOn, Brex, C2FO,… Read More

June 1, 2022 @ 7:37 am By Omar Faridi  |  

Newly authorized mobile-only UK bank Kroo has acquired £26 million in capital in order to grow its professional team and further expand its product offerings. Kroo‘s current product range incudes a prepaid debit card and app, which enables clients to quickly create groups with friends,… Read More

May 30, 2022 @ 10:44 am By Omar Faridi  |  

Tred, a company that aims to build the United Kingdom’s “leading” green neo-banking platform, has secured 117% (£702,642) of its £600,000 target (at the time of writing) from 895 investors via its crowdfunding campaign carried out through Crowdcube. Certified by both B Corp & 1%… Read More

May 23, 2022 @ 6:32 pm By JD Alois  |  

Andy Bromberg, Eco CEO and co-founder of Coinlist, has taken to Twitter to slam an aspiring rival that is apparently copying their business down to the deck. Eco is an app-based Fintech that is a neobank that offers bank-like services without being a bank. Its… Read More

May 19, 2022 @ 9:28 am By JD Alois  |  

Neon is reporting that revenue has grown by 3X while predicting it will grow 2X in 2022. This is following a Series D round that raised $300 million at a valuation of $1.6 billion. BBVA (NYSE: BBVA) provided the growth capital for Neon and agreed… Read More

May 16, 2022 @ 6:22 pm By Omar Faridi  |  

Dave Inc. (Nasdaq: DAVE, DAVEW), a neobank on a mission to build products that “level the financial playing field,” recently reported its financial results “for the first quarter ended March 31, 2022.” Dave utilizes Evolve Bank & Trust to provide its digital financial services. Jason… Read More

May 3, 2022 @ 10:02 pm By Omar Faridi  |  

Open Financial Technologies has reportedly acquired $50 million in capital via a Series D funding round that was led by IIFL Finance. Existing investors Tiger Global, Temasek and 3one4 Capital have also made contributions to  Open Financial Technologies latest investment round. Neobanking platform Open Financial… Read More

April 22, 2022 @ 9:47 am By Omar Faridi  |  

Neobank MyInvestor has reportedly reached €2 billion in volume, which “doubles the 1 billion euros registered in March 2021, consolidating its position as the largest Spanish fintech by volume.” Now serving more than 110,000 customers, MyInvestor also has “an investment balance (funds, plans and portfolios)… Read More

April 19, 2022 @ 11:14 pm By JD Alois  |  

Robinhood (NASDAQ:HOOD) has agreed to acquire UK Fintech Ziglu. In a blog post today, Robinhood said the acquisition is part of its goal to expand internationally in the UK as well as continental Europe. Ziglu is a regulated e-Money institution that operates as a neobank… Read More

April 14, 2022 @ 5:51 pm By JD Alois  |  

  Inflation is rising to record-breaking heights. The most recent reading indicated that inflation hit 8.5% in March – the highest in more than 40 years. Inflationary policies pursued by the current administration, the war in Ukraine, and COVID have combined to create a toxic… Read More

March 31, 2022 @ 11:54 am By JD Alois  |  

“We believe that the consumer banking system isn’t focused on improving its customers’ financial health. Traditional banks profit from getting you indebted and don’t offer you the freedom or advice to help organize and manage your money in a way that helps you.” Envel, an… Read More

March 11, 2022 @ 2:35 pm By JD Alois  |  

Traditional banks, the brick and mortar operations that pepper the landscape as they have for hundreds of years, have been slow to upgrade and migrate to a digital-first (or only) service. This has created an opportunity for agile Fintechs to move in and Hoover up… Read More

March 9, 2022 @ 3:37 pm By JD Alois  |  

Acorns, an online investing platform, has confirmed a $300 million funding round at a $1.9 billion valuation. Last year, Acorns announced its intent to go public via a SPAC deal valued at $2.2 billion only to turn around and cancel the deal at the beginning… Read More

March 9, 2022 @ 9:00 am By JD Alois  |  

Neobank Upgrade, Inc., has distributed a note that once again it is being recognized as one of the fastest-growing US credit cards by outstanding balances, according to the Nilson Report. Upgrade adds that it is the only Fintech card issuer on the list. Last year,… Read More

March 2, 2022 @ 11:29 pm By JD Alois  |  

Singapore-based Volopay, a Y Combinator-backed neobank that offers corporate cards, payable management, business accounts, payments and more, has raised $20 million in a Series A funding round with a combination of debt and equity. The company did not share the details on the funding beyond… Read More

February 28, 2022 @ 2:43 am By JD Alois  |  

Bnext, a Spain-based Fintech, reports that it will issue a B3X token on Tuesday 1st March 2022. B3X is a utility ERC20 token hosted on the standard Ethereum Blockchain network. The funds from the token sale are expected to help Bnext scale its operations to… Read More

February 24, 2022 @ 10:49 pm By Tony Zerucha  |  

Indian consumer neobank Niyo has raised $100 million in its Series C round of funding, the company announced today. The funds are earmarked for product development, marketing, distribution, and staffing. This round was led by Accel and Lightrock India with participation from Beams Fintech Fund. Existing investors Prime… Read More

February 17, 2022 @ 10:00 pm By JD Alois  |  

Rellevate, a neobank and payments platform, is raising growth capital on SeedInvest. According to the offering page, Rellevate is looking to raise up to $4 million in a Seed round at a pre-money valuation of $13.5 million. The offering is being issued under both Reg… Read More