UK neobank Monument given green light to launch by FCA and PRA
The neobank landed an authorisation with restriction (AWR) banking licence in October 2020.
Challenger Bank
UAE neobank Edfundo launches to teach children financial literacy
Edfundo says it is on a mission to help 8 to 18-year-olds become financially literate.
New US fintech Menta picks Agora to power credit builder platform
Menta’s platform is designed to improve access to credit for the underbanked.
US immigrant services neobank Zolve gains $40m Series A funding
The funding round takes the 10-month-old company’s valuation to $210 million.
New US fintech Marygold & Co to provide ‘all-in-one’ payment service
Fintech will offer customers a contactless debit card and fee-free usage of ATMs.
ICYMI funding round-up: Chip, Multiverse Computing, Kevin, APLYiD & more
Another collection of funding rounds and raises from all over the world you might have missed.
GB Bank secures restricted banking licence to focus on property and construction
New challenger bank plans to focus on the north of the UK and plans a large loan book.
LGBTQ+ neobank Daylight loses head of product Ethan Teng
Teng says the decision is “one of the easiest and also one of the hardest decisions” he’s made.
Arival Bank lands banking licence in Puerto Rico
Arival plans to provide services to international software firms and underbanked businesses.
Neobank FIBR launches to support European SMEs via local lenders
The BaaS firm aims to support post-pandemic growth through nurturing SMEs.
UK neobank Zopa raises $300m to fuel next phase of growth
The lending-focused challenger secured a UK banking licence last year.
Swedish neobank Juni raises $52m in Series A extension to launch credit product
New product will give internet-first businesses access to short-term credit.
Danish neobank Lunar acquires payments platform Paylike
Lunar founder and CEO Ken Villum Klausen says payments will be “at the forefront of our next growth phase”.
What the FinTech? | S.2 Episode 20 | Let’s get digital
Dreams CEO and founder, Henrik Rosvall, joins us for this latest episode of our What the Fintech? podcast.
Video: fintech news pick of the week – Google, Monzo, NatWest & more
Our top pick of news from the world of finance and tech in bitesize video format, every week.
New UK banking hopeful Tryllian targeting 150m member figure
New bank is applying for an electronic money licence in the UK.
New US fintech Monai to gamify savings for Millennials and Gen Z
New fintech plans to use time spent mobile gaming to help users reduce debt.
Google pulls Plex after less than a year in development
Aborted banking project reflects change of financial services strategy at Google.
Monzo withdraws US licence application after two years of negotiation
UK challenger bank to refocus its business after aborted US entry.
Banking platform Arzus launches in US to provide all-in-one service
Arzus aims to create a single dashboard for users’ financial lives.
Banking Technology October 2021 issue out now
Cover story: multi-tusking – how do you eat an elephant?
JP Morgan’s new UK bank Chase picks 10x for core banking operations
10x Future Technologies is a “foundational partner” for the new digital bank.
Swiss crypto institution SEBA Bank granted collective investment scheme licence
The granting of the CISA licence to a digital asset-focused bank is the first in Switzerland.
Spanish challenger Bankse plans raft of features to win over customers
New bank to provide trading, credit, crypto, wage payment and more.
UOB to spend $500m on boosting digital banking capabilities
The investment comes after the pandemic accelerated digital-first banking across Southeast Asia.
Aspiring neobank Vergo aims to serve US architecture SMEs
Vergo will be a vertical neobank for the US construction and interior design industry.
Challenger bank Mox appoints former ING exec Barbaros Uygun as CEO
Current CEO Deniz Güven will step down with effect from 27 September.
Zolve launches immigrant-focused banking products
The neobank’s new suite of products will help new arrivals to the US build credit.
SME bank Recognise given green light by UK regulator
The new bank can now start offering personal savings accounts and business loans.
Monese moves into digital banking with Investec
The new partnership will see the international bank begin to offer digital banking services to UK customers.
Canadian fintech start-up Neo Financial lands $50m Series B funding
New funds will be used for further product development and to grow its team.
JP Morgan to launch UK digital bank Chase this week
The digital bank forms part of JP Morgan’s planned international consumer expansion.
ICYMI funding round-up: TomoCredit, Lightyear, X-Margin, Coinfirm & more
More funding deals you may have missed during a busy week of news.
Dutch digital bank Bunq partners with Paysafe to offer cash deposits
The two companies say the partnership will facilitate “quick and secure cash deposits”.
Video: fintech news pick of the week – PayPal, Standard Chartered, Mastercard & more
Our top pick of news from the world of finance and tech in bitesize video format, every week.
Fintech funding deals globally 6 September – 12 September 2021
Featuring Varo, Scalapay, Wave, MNT Halan and Marshmallow.
Fintech start-up Koyo raises $50m in Series A round
The lender will use the cash to target the UK’s “near-prime” consumer credit market.
Australian challenger Avenue lands restricted banking licence
The digital business bank wants to make it easier for SMEs to grow their businesses.
Digital challenger Varo Bank lands $510m in Series E funding round
Funds will be used to boost product and tech development and fuel customer growth.
Standard Chartered sets aside $107m for new digital bank in Singapore
UK-listed lender forms joint venture with Singapore’s National Trades Union Congress.
