Tagged: neobank

April 20, 2023 @ 10:48 am By JD Alois  |  

In recent days, Apple (NASDAQ:AAPL) announced its anticipated savings account in partnership with Goldman Sachs (NYSE:GS). Like all things Apple the process of creating a savings account is streamlined and seamless – taking less than one minute.  The savings account has launched with a solid… Read More

April 17, 2023 @ 10:47 am By JD Alois  |  

As was anticipated last week, Apple (NASDAQ:AAPL) has revealed its savings option paying users an APY of 4.15%, thus creating a compelling option for its customers to hold cash with the neobank/tech firm. According to Apple, Apple Card users will have the option to have… Read More

April 17, 2023 @ 7:45 am By Omar Faridi  |  

Alif, an Islamic Fintech and neobank based in Central Asia, claims it has recorded over 121% year-on-year growth. Operating as a “fully” licensed bank in Tajikistan and an e-commerce and fintech company in Uzbekistan, Alif’s total number of users has reportedly “surpassed 1.5 million, with… Read More

April 14, 2023 @ 8:24 am By Omar Faridi  |  

Dmitry Zlokazov, Head of Product at neobank Revolut, recently noted that the joint accounts feature should help the app become more social and “inclusive.” Revolut’s new joint account feature is available for consumers across Europe. As noted in the update from the Fintech firm, joint… Read More

April 12, 2023 @ 3:09 pm By JD Alois  |  

Wise, a Fintech best known for global transfers and payments, is being enlisted by Bluevine to provide international payments within 26 different countries. Bluevine is a neobank, partnering with chartered banks, that works with SMEs to enable business checking, bill pay, and lines of credit…. Read More

April 11, 2023 @ 8:17 pm By Omar Faridi  |  

Chime is pleased to announce that Nick Fairbairn has joined the company as VP of Product Marketing. Nick reportedly “brings a wealth of experience to the role, having served as the former CMO of Gabi andr Sr. Director of Acquisition then later VP of Brand… Read More

April 5, 2023 @ 9:13 am By Omar Faridi  |  

The second largest neobank in the European Union is reportedly launching in all 50 US states. bunq, a neobank in the EU, has filed an application for a US banking license with the FDIC in the state of New York. By applying for a bank… Read More

April 4, 2023 @ 12:51 pm By JD Alois  |  

Kashet, a neobank that is based in the UK, says it has closed on a CHF 6.2 million (~USD $ 6.7 million) in its Series A funding round. Trifork Labs, a Copenhagen-based technology accelerator, participated in the funding. Kashet notes that it has been operating… Read More

March 28, 2023 @ 6:09 pm By JD Alois  |  

Opportun (Nasdaq: OPRT), an online lender and neobank, says the Consumer Financial Protection Bureau (CFPB) has decided not to pursue an enforcement action against the Fintech. In a corporate statement, Opportun said that it had received a letter from Enforcement staff at the CFPB indicating… Read More

March 23, 2023 @ 9:45 pm By JD Alois  |  

Kredivo Holdings, previously operating as FinAccel, has raised $270 million in Series D funding, according to a statement by the company. The funding was led by Mizuho Bank, Ltd., with the participation of Square Peg Capital, Jungle Ventures, Naver Financial Corporation, GMO Venture Partners, and Openspace… Read More

March 22, 2023 @ 8:21 am By Omar Faridi  |  

Card issuing and processing pioneer Enfuce has teamed up with UK neobanking start-up Science Card in order to launch a payments card, which forms “part of a new infrastructure for funding scientific research, designed to create the future earlier rather than later.” Science Card’s customers… Read More

March 16, 2023 @ 11:02 am By JD Alois  |  

Neobank PayStand is looking to provide an alternative to bank cash management following the collapse of several banks and the ongoing panic regarding regional/smaller banks. First, Silvergate Bank failed, followed by Silicon Valley Bank and First Republic. The ensuing fear, uncertainty, and doubt pushed people… Read More

February 22, 2023 @ 2:07 am By Omar Faridi  |  

indó, an Icelandic mobile first advanced neo-bank, has selected Lucinity as its AML compliance software, including its Transaction Monitoring and Case Manager solutions. Established in 2018, indó claims it is “the first neobank to operate in Iceland.” It was created “to restore faith in the… Read More

February 15, 2023 @ 8:38 am By Omar Faridi  |  

Comun, a Latino-founded neobank that provides modern banking solutions for Latino families, announced it closed a $4.5M seed round led by Costanoa Ventures with participation from South Park Commons and FJ Labs. The company plans “to use the funds to build a financial hub with… Read More

February 14, 2023 @ 11:37 pm By Omar Faridi  |  

Financial technology company Saldo Bank UAB, formerly Saldo Finance UAB, has announced “the launch of banking operations in Lithuania in February 2023.” Having built regulatory readiness after obtaining a specialized bank license from the European Central Bank, Saldo Bank will “introduce term deposits and continue… Read More

February 9, 2023 @ 12:55 am By JD Alois  |  

Tide, a neobank serving business customers, has closed on the acquisition of Funding Options, a UK marketplace for business finance, following FCA approval. The purchase was previously announced in November 2022. Tide is authorized by the FCA under the Electronic Money Regulations and offers bank… Read More

February 8, 2023 @ 10:50 am By JD Alois  |  

Fierce has announced the launch of a “super app” that is said to deliver high-yield returns for its users as it exits stealth mode. The App is currently available on iOS, with Android coming soon. At the same time, Fierce has announced a $10 million… Read More

February 2, 2023 @ 11:43 am By JD Alois  |  

Wise (LSE:WISE), a global transfers and payment platform that is also an emerging neobank, says that in Q3 FY 2023 its 5.8 million customers moved 28% volume or £26.4 billion, in comparison to the same quarter year prior. Wise said that for its third consecutive… Read More

January 18, 2023 @ 9:52 am By Omar Faridi  |  

The financial services sector has evolved considerably during the past decade, with many new Fintech startups and banking challengers raising substantial funding to fundamentally improve how consumers perform transactions. Individuals and business organizations across the globe have been moving their activities online, a digital transformation… Read More

December 13, 2022 @ 10:23 am By JD Alois  |  

Wise (LSE:WISE), a global Fintech enabling the movement of money and aspiring neobank, says it will boost its presence in the US to meet the increasing demand of its services. Based in London, Wise states that it plans to increase its headcount by 250 in… Read More