Tagged: online bank

Varo Bank Launches Cashback Program Linked to Everyday Purchases

Digital banking group Varo Bank announced on Wednesday it has launched a new Varo Perks Program to help customers “stretch their money.” According to Varo, the program combines a brand new cashback program designed to put money back in the hands of its customers along with the… Read More

Mobile-First Banking Platform MoCaFi Secures $12 Million Through Series A Funding Round

Mobility Capital Finance (MoCaFi), a U.S.-based mobile-first banking platform, announced on Monday it secured $12 million through its Series A funding round, which was led by Tom and Wende Hutton, with participation from Citi Impact Fund, Mastercard, 1Flourish Capital, Commerce Ventures, Founded in 2015, MoCaFi… Read More

Varo Bank Announces Engagement With NBA Player & Entrepreneur Russell Westbrook, Raises $63 Million

  Digital banking group Varo Bank announced on Thursday an extensive engagement with Russell Westbrook, nine-time NBA All-Star, NBA MVP, entrepreneur, philanthropist, and designer. Varo Bank reported that Westbrook is now an investor as well as an advisor.  He will have direct input into the future direction… Read More

India’s Digital First Bank Kotak Mahindra Bank Launches Cardless Cash Withdrawal Facility Through ATMs

Kotak Mahindra Bank (Kotak) announced earlier this week the launch of the Cardless Cash Withdrawal Facility through ATMs (Instant Money Transfer – IMT). According to Kotak, the facility empowers account holders to make cash withdrawals as well as remit money to beneficiaries across India without… Read More

EQIBank Introduces Global Secured Credit Card

Global digital banking group EQIBank announced on Tuesday the launch of its Global Secured Credit Card, which is now available for both corporate and private account holders.  “Booking flights, arranging hotel accommodation, and making purchases online is now so much easier regardless of where you… Read More

South African Billionaire Patrice Motsepe’s Company Invests $17.3 Million in Nation’s First All-Digital Bank TymeBank

African Rainbow Capital Financial Services Holdings (ARC FinHoldCo) revealed on March 19, 2020 that it has invested R300 million (appr. $17.3 million) into South Africa’s first all-digital bank TymeBank. ARC FinHoldCo has reportedly increased its stake in TymeBank to 100% during the course of the… Read More

Dallas-based Texas Capital Bank Introduces Digital Savings Account that Pays Air Miles instead of Accumulating Interest

Dallas-based Texas Capital Bank has officially introduced Bask Bank, an online savings account that earns American Airlines AAdvantage miles, instead of accumulating interest. As mentioned on Bask’s website, the bank is a member of the Federal Deposit Insurance Corporation (FDIC), which means customers’ total deposits… Read More

N26 Extends Series D Funding Round to $470 Million; Now Valued at $3.5 Billion

N26, a European digital-only bank, announced on Thursday a $170 million extension of its Series D funding round to $470 million. N26 reported that the extension drives the bank’s valuation to $3.5 billion, claim it to be the highest valued German startup. To date, N26 has raised more… Read More

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