Tagged: neobank

Indian Neobank Fintech Kaleidofin Finalizes $10M Series B Round led by Dell Foundation

India’s neobank Fintech Kaleidofin has acquired $10 million in capital via a Series B round that was led by the Michael & Susan Dell Foundation. The capital injection has now taken the total funding secured by Kaleidofin to $18 million. Existing institutional investors, Oiko Credit,… Read More

SME Neobank Novo Raises $90 Million Series B at $700 Million Valuation

Neobanks are still hot. Novo, a Miami-based neobank targeting the SME market, has announced a $90 million Series B funding round at a pre-money valuation of $700 million. The new funding brings Novo’s total funding to about $135 million. Novo raised its seed round in… Read More

Neobank Zen.com Now Offers Fiat to Digital Asset Conversions

Zen.com, a licensed electronic money institution regulated by the Central Bank of Lithuania (but based in Poland), has announced fiat to digital asset conversions, along with the transfer of fiat to any digital wallet accepting BTC, ETH, or USDT (ERC-20). Zen states there are more… Read More

Indian Fintech Razorpay Secures $375M via Series F Round at $7.5B Valuation

The month of December is always an “exciting month” for Razorpay, the company wrote in a blog post dated December 20, 2021. Razorpay added that it has celebrated its 7th year since launch. The firm reveals that what started off as an idea between Shashank… Read More

Oportun Completes Acquisition of Neobank Platform Digit

Announced last month, Oportun (Nasdaq: OPRT) reports that it has completed the acquisition of neobank platform Digit. Digit will operate as a business unit within Oportun and continue to be led by Digit founder and CEO, Ethan Bloch. All of Digit’s 100+ employees are said… Read More

Reality Check Before Take-Off: Why a $9 Billion IPO Target Downsizing Won’t Impact Nubank’s Path to the Pinnacle of Fintech

Brazil’s Fintech decacorn, Nubank is all set for a blockbuster IPO on the 8th of December that’s certain to resonate across the world of finance. Whilst the company has been forced to cut its valuation target by around $9 billion to a total of around… Read More

Neobanking Platform Migom to Offer Virtual Banking and Support for Crypto-Assets

In the Caribbean, a new neobanking platform has been introduced. It aims to offer all the features provided by digital banking platforms along with support for crypto-assets. As mentioned in an announcement, neobank Migom offers banking services to SMEs operating in emerging markets. Migom Bank‘s… Read More

Singapore based Fintech YouTrip Raises US$30 Million Series A

  YouTrip, a digital financial services platform and aspiring neobank, has raised US$ 30 million in Series A funding, according to a company statement. YouTrip is a Major Payment Institution licensed by the Monetary Authority of Singapore (MAS) that launched in Singapore in 2018 and… Read More

Indian Fintech Razorpay Shares Ways to Grow Your Business With their Cash Advance Options

Indian payments Fintech and neobank Razorpay notes that applying for a line of credit via traditional banks and lenders “can be disappointing with unrealistic approval requirements.” Razorpay Cash Advance has been specifically designed to “make it easier for Razorpay users to get quick access to… Read More

UK’s Business Financial Platform Tide to Leverage Open Banking to Enhance Services

Tide, the UK’s leading business financial platform serving over 375,000 SMEs – nearly 7% of the market, has revealed that it will allow SMEs to connect their existing business accounts, “held at other institutions, to its platform using Open Banking.” In the first such move… Read More

Neobank N26 Terminates its Efforts in the US, Will Close Shop this January

N26 is exiting the United States. Founded in 2013 and boasting over 7 million customers, N26 is a Germany-based neobank bank that had sought to establish operations in the USA – a market that is home to thousands of small and large traditional banks as… Read More

Oportun, Digit Celebrate $213 Million Acquisition

Oportun a consumer credit Fintech, today announced that it has agreed to acquire neobank Digit, a platform that provides automated savings, investing, and banking tools. By adding Digit Oportun will further expand its A.I. and digital capabilities. “This is a transformational deal that will expand… Read More

Team8 Takes Refreshing Approach to Venture Building, Fintech

Team8, an Israeli venture group, has a unique recipe for success, its vice president for business development and Fintech Galia Beer Gabel said. A lawyer by training, Beer Gabel moved into a business development role at PayPal where she worked across such emerging markets as… Read More

Fintech Ziglu Tops £6 Million on Seedrs

Neobank Ziglu has topped £6 million on Seedrs after easily surpassing its £1 million initial target. As was previously reported, Ziglu is raising growth capital at a pre-money valuation of £85 million. The EIS qualified offering is selling equity at a per share price of… Read More

Neobanking Fintech Zolve Acquires $40M to Streamline Global Access to Digital Financial Services

Zolve, a neobank enabling international access to financial services, has announced the closing of $40 million in Series A funding. Zolve‘s investment round has been led by Partners of DST Global, who have previously led rounds in Fintech firms like Robinhood, Nubank, Chime, Revolut, and… Read More

Amsterdam based Neobanking Fintech bunq Introduces Local Currency Feature via Platform’s Banking App

Amsterdam-based neobanking Fintech Bunq has introduced a domestic currency feature for digital nomads that is available via the firm’s banking app. Bunq clients are able to receive, convert, hold and spend in several different currencies without needing to exit the app. The first currencies that… Read More

Railspay, Part of Railsbank, Collaborates with Parpera on Banking as a Service Offering

RailsPay, an offshoot of Railsbank operating in Australia, has partnered with Parpera to offer its first Banking as a Service (BaaS) product. Parpera is a money management platform for consultations, freelancers, startup founders, and gig-workers. There are an estimated 2.4 million businesses in Australia with… Read More

UK based Digital Bank Zopa Appoints Helen Beurier as Chief People Officer Ahead of 2022 IPO

Digital bank Zopa has confirmed the appointment of Helen Beurier as its first Chief People Officer. With more than 25 years of professional experience across some of the largest FMCG, retail, and pharma household names, Helen brings “a wealth of experience to the digital bank… Read More

Fintech Curve Posts 2020 Annual Report, Pursues Mission of Global Financial Super App

Curve, a Fintech that is on a mission to become a “financial super app,” has posted its annual report. The results are for the period ending December 2020. Curve operates in the UK and the EEA countries reporting 2.6 million customers as of June 2021…. Read More

Canada based ID Verification Firm Trulioo Partners with Neobank Zolve to Offer Real-Time ID Checks

Trulioo, a global identity verification solution provider, reveals that it has teamed up with Zolve, an innovative neo-banking platform. Through one of the largest marketplaces of identity data and services, Trulioo GlobalGateway provides real-time identity checks that “adhere to a diverse range of compliance requirements,… Read More

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