Tagged: neobank

January 22, 2020 @ 7:37 am By Omar Faridi  |  

Vive, a newly established UK-based digital bank, has reportedly acquired a banking license with certain restrictions from the Bank of England (BoE). The new digital bank aims to provide personal loans and a fixed-rate savings account. It will be launching with an Open Banking-based funds… Read More

January 22, 2020 @ 7:29 am By Omar Faridi  |  

France-based digital bank Qonto has secured $115 million through a Series C investment round led by Tencent and DST Global, in order to help it further penetrate key markets, implement new features to tailor its products and services to specific market segments, and hire new… Read More

January 20, 2020 @ 2:47 pm By Omar Faridi  |  

Singapore-headquartered neobank Tonik Financial Pte. Ltd. has reportedly been awarded an operational license from the Bangko Sentral ng Pilipinas (BSP), in order to offer financial services in the Philippines. The license will allow Tonik, via its local division Tonik Digital Bank Inc., to offer a… Read More

January 13, 2020 @ 7:57 am By Omar Faridi  |  

Two Indian co-founders of Google Pay are reportedly preparing to launch a neo-banking platform in the Asian country and they have managed to acquire financial backing from three established venture capital funds. Sujith Narayanan, an experienced senior management professional specializing in the payments industry, who… Read More

January 10, 2020 @ 1:01 am By Omar Faridi  |  

Tonik, a neo banking startup, is planning to launch a digital-only bank in the Philippines after acquiring an online banking license from the nation’s reserve bank. Seed funded and established by Fintech venture developer Forum, Tonik’s management is preparing to introduce the new platform within… Read More

January 9, 2020 @ 6:55 am By Omar Faridi  |  

Qonto, a neo-bank for business account holders that was established in France in 2017, has expanded its operations into Germany, Italy, and Spain. Notably, Qonto was the recipient of the first investment by billionaire Peter Thiel’s Valar Ventures in France during its Series A funding… Read More

January 3, 2020 @ 5:03 pm By Omar Faridi  |  

Puerto Rico-based digital bank First Finance International Bank (FFIBI) has reportedly partnered with the Australia-headquartered Seafarer Foundation, in order to offer online payroll and card services for the marine industry. By working cooperatively with FFIBI, the Australia-based foundation has launched a General Purpose Reloadable Multi-Currency… Read More

December 3, 2019 @ 11:39 am By Samantha Hurst  |  

Koho, a neobank that offers Canadians an alternative to traditional banking, announced this week its Series B funding round, which received $42 million and was led by Portag3 Ventures earlier this year, secured an additional $25 million from Drive Capital and National Bank of Canada. … Read More

November 8, 2019 @ 4:20 pm By Samantha Hurst  |  

Bnext, a Spain-based mobile-first neobank, has successfully secured more than £2.6 million through its equity crowdfunding campaign on Crowdcube. The funding round, which originally sought to raise a minimum of £1 million, was launched just weeks after the digital banking startup raised $25 million through… Read More

November 1, 2019 @ 4:28 pm By Omar Faridi  |  

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

October 3, 2019 @ 10:30 am By Samantha Hurst  |  

Bnext, a Spain-based mobile-first neobank, announced this week it raised $25 million through its Series A funding round, which was led by DN Capital, with participation from RedAlpine, SpeedInvest, Founders Future, Cometa, Enern, USM, and Conexo. Founded last year, Bnext states it offers customized services… Read More

June 25, 2019 @ 11:29 am By Samantha Hurst  |  

Open, an India-based neobank platform, announced on Tuesday it secured $30 million through its Series B funding round, which was led by Tiger Global with participation from Tanglin Venture Partners Advisors and existing investors 3one4 Capital, Speedinvest,  BetterCapital AngelList Syndicate. Founded in 2016, Open claims to… Read More

January 11, 2018 @ 8:30 am By JD Alois  |  

The Australian Securities and Investment Commission (ASIC) announced yesterday it had approved the licensing of the first seven “crowd-sourced funding” platforms. Due to a recent change in Australia’s security regulations, these investment crowdfunding platforms may allow businesses to raise up to $5 million – all… Read More