Tagged: neobank

November 24, 2022 @ 1:10 pm By Omar Faridi  |  

Novo, an all-digital neobank for US-based small businesses, has reportedly topped up its Series B round with a $35 million investment coming from GGV Capital. The additional funding brings Novo’s Series B investment round to $125 million, and total equity funding to over $170 million…. Read More

November 16, 2022 @ 7:01 pm By JD Alois  |  

Revolut, a UK-based neobank with global ambitions, has announced topping 25 million retail customers after reporting 20 million customers this past July. Revolut is a Fintech that offers modern digital banking services minus costly physical locations. The “financial super app” added that its expansion plans… Read More

November 10, 2022 @ 9:03 pm By Omar Faridi  |  

Tonik, the Philippines’ first neobank, continues “to accelerate financial and credit inclusion with the launch of its two new lending products, Flex Loan and Big Loan.” Building on the success of its all-digital savings portfolio and successful launch of its first lending product, Quick Loan,… Read More

November 6, 2022 @ 3:28 pm By Omar Faridi  |  

Revolut, the global financial superapp with more than 20 million customers worldwide, and more than five million retail customers in the UK, has released its Poppy card in partnership with the Royal British Legion and Visa. The card provides Revolut’s UK customers “with a unique… Read More

October 23, 2022 @ 8:17 pm By Omar Faridi  |  

Zolve, a global neobank providing cross-border financial services, recently announced the appointment of Kin Chung to its leadership team in the United States. Chung, Zolve’s new Head of Credit and Risk, comes with “a wealth of experience in the financial domain through several key leadership… Read More

October 20, 2022 @ 8:18 am By Omar Faridi  |  

Nuri was founded in 2015 under the name Bitwala with the purpose “to make Bitcoin spendable.” Over the years, the business has “gone through several transformations and re-positionings, ups and downs,” until it has become Nuri, the bank account “to grow your money.” The team’s… Read More

October 18, 2022 @ 10:05 am By JD Alois  |  

Plum, a smart money app, has easily topped its crowdfunding goal by raising over £1 million in just 8 hours on Crowdcube. The securities offering launched last week and is scheduled to close tomorrow. As it stands today, Plum has raised £1.65 million from 4277… Read More

October 12, 2022 @ 10:16 pm By Omar Faridi  |  

During times of unprecedented inflation in the Eurozone, bunq, which claims to be the second largest neobank in the EU, has observed a cross-country trend of younger European consumers being severely impacted by the ongoing cost-of-living crisis. The neobank’s clients in different European Union nations… Read More

October 11, 2022 @ 9:23 am By JD Alois  |  

Neobank Step, self-described as an “all-in-one financial solution for the next generation,” has raised up to $300 million in debt financing. The funding was provided by Triplepoint Capital and Evolve Bank & Trust. Step reports that this brings its total funding to $500 million. Step… Read More

September 26, 2022 @ 8:23 am By Omar Faridi  |  

Revolut, the global financial super app with more than 20 million customers worldwide,  announced that it has “expanded its crypto offering to launch 29 new tokens for US* users, via a new partnership with Apex Crypto.” Customers can now “buy and sell a total of… Read More

September 24, 2022 @ 6:54 pm By Omar Faridi  |  

Bizum has arrived at N26. The online bank has announced that all customers with a Spanish IBAN can now “send, receive and request money through the popular mobile payments solution.” In addition, the online bank’s app will “incorporate the Bizum functionality to pay at partner… Read More

September 13, 2022 @ 9:27 pm By Omar Faridi  |  

Zolve, India’s “first” neobank providing cross-border financial services, announced the appointment of Steve Freiberg to its leadership team in the United States. Freiberg comes “with vast experience and expertise in the financial domain and has held several key leadership roles in global organizations in the… Read More

September 12, 2022 @ 12:31 pm By JD Alois  |  

Fintech Plum will be offering stock investing and debit cards in Europe as it expands into France, Ireland, Spain, and Belgium. Plum is registered as an e-money agent of PayrNet Limited with the Financial Conduct Authority. A neo-bank or “super-app,” Plum reports serving over 1… Read More

August 22, 2022 @ 9:57 pm By Omar Faridi  |  

Neobank Chime is pleased to announce the promotion of several of its executive leadership team members “in the areas of people, customer experience, and technology.” The following leaders will now be officers of the company. Their promotions “are evidence of their contributions and impactful work… Read More

August 15, 2022 @ 11:32 am By JD Alois  |  

MoneyLion (NYSE: ML) has partnered with Zogo to provide “enhanced financial education to over three million MoneyLion users.” MoneyLion is a neobank that leverages technology to offer “banking that gives you more.” Zogo is a financial literacy platform. The company notes this is the largest… Read More

August 14, 2022 @ 12:38 pm By JD Alois  |  

Re:start Financial, a neobank that focuses on social impact, has partnered with a Ukrainian non-profit to provide donations “with every swipe” of their card. As the world knows. Russia invaded Ukraine in an unprovoked attack earlier this year which has devastated the country. Support from… Read More

August 10, 2022 @ 11:23 am By JD Alois  |  

The Consumer Financial Protection Bureau (CFPB) has announced an enforcement action against Hello Digit (or just Digit), a neobank that claims to be the “first truly personalized and automated savings tool.” At the end of 2021, Hello Digit was acquired by Opportun. According to the… Read More

August 9, 2022 @ 9:35 pm By Omar Faridi  |  

Neobanks are starting to really shake up the Fintech sector with their latest technologies and  business models. Sometimes called “challenger banks,” neobanks are basically Fintechs that provide financial services in an all-digital environment and/or through a mobile app, without needing physical branch locations. During the… Read More

August 6, 2022 @ 2:31 pm By JD Alois  |  

Neobank Revolut is on a crypto hiring spree, according to a report by Bloomberg. While many firms, and Fintechs specifically, a cutting headcount or slowing things down, Revolut appears to be bucking the trend. Recently, Robinhood revealed it was slashing employee headcount by 23% –… Read More

August 3, 2022 @ 1:39 am By Omar Faridi  |  

As Major League Soccer (MLS) nears the mid-way mark of its exciting 27th season, MLS and Avant, a credit-first neobank that gives consumers access to the financial solutions they “deserve,” announced “a multi-year partnership.” Kevin Chin, Head of Business Development & Partnerships at Avant, said:… Read More