On The Web

nbsp;

Providers

Challenger Bank Neo Financial Launches in Canada – Banking Exchange

March 10 2020

• in
• Challenger Banks

“The founders of Canadian food delivery firm SkipTheDishes have launched a technology company offering a credit card with no annual fee and links to rewards from third-party brands in an effort to challenge the dominance of the country’s ‘big five’ banks.”

nbsp;

Providers

Starling Bank Looks to Irish Banking Licence for European Expansion

March 4 2020

• in
• Challenger Banks

“UK challenger Starling Bank has concrete plans on a European expansion via an Irish banking licence, its CEO Anne Boden has revealed. Anne Boden, Starling Bank Speaking to IBS Intelligence, Boden says that the bank is “working on a process to get an Irish banking licence” and that it would be looking into the creation of […]

nbsp;

Global

Valued at $10B, Nubank launches it’s Nu credit card in Mexico

March 3 2020

• in
• Challenger Banks

“Nubank , the Brazilian digital bank valued at $10 billion, is launching its Nu credit card in Mexico – a country where the unbanked population counts 36 million people.  The Sao Paulo-based fintech company, known for its fully-mobile digital bank and credit card, has raised $820 million across seven rounds of investment and has amassed […]

nbsp;

Deals

Thought Machine nabs $83M for a cloud-based platform that powers banking services

March 2 2020

• in
• Challenger Banks

“… today a startup called Thought Machine , which has built cloud-based technology that powers this new generation of services on behalf of both old and new banks, is announcing some significant funding — $83 million — a Series B that the company plans to use to continue investing in its platform and growing its […]

nbsp;

Deals

Business banking fintech Penta raises another €18.5M

March 17 2020

• in
• Challenger Banks

“Penta , the Berlin-based business banking challenger that also now operates in Italy, has raised €18.5 million, described as the first closing of a new funding round. Leading the round is new investor RTP Global and existing investor HV Holtzbrinck Ventures. Also participating is ABN AMRO Ventures and Berliner Volksbank Ventures, and Finleap (the fintech company […]

nbsp;

Providers

Monzo launches free and paid-for business bank accounts

March 17 2020

• in
• Challenger Banks

“Monzo , the U.K. challenger bank, is officially launching business bank accounts today, after an extensive trial period over the last 12 months that saw early access given to 2,500 business customers. Perhaps surprisingly, right out of the gate Monzo is offering two versions of its business bank account — which is aimed at sold […]

nbsp;

Domains

Fintechs, Small Banks Do Their Part in Coronavirus Fight Despite Risks

April 7 2020

• in
• Challenger Banks

“Chime began giving 1,000 of its customers access to $1,200 each in the first week of April, offering them an advance well before the federal government will start sending out stimulus payments in the same amount by check or direct deposit. This is an extension of the challenger bank’s SpotMe feature, which lets customers who […]

nbsp;

Deals

HMBradley Officially Launches Digital Bank

March 30 2020

• in
• Challenger Banks

“HMBradley, a startup backed by PayPal Co-Founder Max Levchin, has officially launched its high yield digital banking platform after raising $3.5 million in November and signing thousands of applicants to a wait list.  The digital banking service, which offers up to 3% APY, is now allowing waitlisted customers to officially open their bank accounts and […]

nbsp;

Providers

Popular European Banking App Revolut Is Launching in the US Today

March 24 2020

• in
• Challenger Banks

“Mobile banking app Revolut, which has more than 10 million customers in Europe, is launching today in the US, the company announced. Like Monzo, a UK-based banking app that made the jump to the US last June, Revolut is entirely app-based and doesn’t operate any brick-and-mortar locations. That means you can sign up for an […]

nbsp;

Providers

Wise locks down $5.7 million to scale its challenger bank designed for small businesses

April 29 2020

• in
• Challenger Banks

“Wise is a new challenger bank built specifically for small businesses. The startup is aiming to insert itself as an essential service in the small business repertoire by bundling banking with payment services powered by Stripe. Customers can receive payments, manage their cash and pay employees all via Wise’s app. CEO Arjun Thyagarajan tells TechCrunch […]