What the Fintech? Season one | Fintech Jail
Here’s a list of all the buzzwords in our What the Fintech podcast game, “Fintech Jail”.
Challenger Bank
EXCLUSIVE: Neobank First Boulevard launching next year to target Black America
CEO and founder, Donald Hawkins, tells FinTech Futures about the process of the name change.
Mexican challenger albo raises $45m in Series B funding round
Albo has now raised just over $72 million across five rounds.
Swiss challenger Alpian picks cloud hosted Temenos tech
Alpian plans to deploy Temenos Transact and Temenos Payments in a SaaS model.
Mozper lands $3.55m to launch kid debit card in Mexico
In August, Mozper – with the help of partner Visa – launched its closed beta with 500 families.
Australian business banking challenger Gallantree adds crypto function
Gallantree targets entrepreneurs, family offices, and high-net-worth individuals.
Challenger for teens Step raises $50m in Series B
Among new investors are Charli D’Amelio, Justin Timberlake, Eli Manning, and Mantis VC.
Greek challenger Woli to launch “neobank for families” next year
The fintech is looking to Europe for its launch.
Video: Top fintech stories this week – 04 December 2020
FinTech Futures’ weekly news round-up.
Savings: the new battleground between challenger and incumbent banks
Reputation is taking a backseat when it comes to choosing where savers keep their money.
Banking Tech Awards 2020 hosted online by Tom Ward
Join comedian Tom Ward for the 2020 Banking Tech Awards. Broadcast online on 10 Dec, 3:30pm GMT and is free to attend.
G2A co-founder launches banking challenger Zen in 32 countries
Zen’s offering is split into consumer-facing and business-facing.
Indian challenger Finwego looks to lend to private schools
The neobank claims to work with 700 partners already.
San Fran alternative lender Oportun applies for banking charter
Oportun currently has licences in 12 states.
New challenger Klear emerges in India
Klear promises an “approachable and easy” way to understand financial health.
Be Money rebrands as Daylight in preparation for US launch
Daylight promises a range of LGBTQ+ services to support its customers.
Starling Bank claims to be UK’s first profitable challenger bank
CEO Anne Boden announced £800,000 profit in a company update.
UK challenger Finndon lands e-money licence
The start-up plans to launch in 2021.
Monzo replaces chief risk officer Lisa Nowell
Nowell leaves after just over a year in her position.
One of Turkey’s largest fintechs Papara gears up for expansion
It launched in 2016 and became cash flow positive in 2017.
Neobank Mercury aims to serve US start-up scene
Founded in 2017, the bank has raised $26m so far.
SBM Bank India plans challenger for emerging affluent market
SBM is partnering up with PayNearby for its initial stages.
Temenos wins new US customer in de novo bank ACDC
ACDC is in the process of applying for a banking licence in the US.
French telecoms firm launches prospective challenger bank
Noelse is still in the very early stages of development.
Lawyers turned payment processors serve world’s richest consumers
“We’ve already broken even,” says CEO.
Neobanks may have lost their shine, but the fintech revolution is far from over
Now, a few years on from what seemed like an unstoppable rise, things aren’t quite so rosy.
Nigerian challenger bank Kuda raises $10m in seed funding
Kuda completes the largest seed round in Africa.
New wealth managment app Fortu plans crowdfunding campaign
The wealthtech says it provides “secure, reliable and international financial reach”.
UK challenger Witty builds out tech stack with Oracle
The start-up already has some 25 employees.
UK banks and challengers ranked: from on-boarding to app functionality
We use an analytics platform to figure out which UK banks are giving their customers the best service.
UK challenger Strive launches waitlist for family-focused account
The details of the all-stock deal were not disclosed.
US challenger Bella plans launch around conversational banking
Bella offers a range of consumer-friendly options, including gifts and randomised cashback.
Sustainable banking app Novus launches website and waiting list
The new app promises to help users lead a better lifestyle.
New US challenger Flyp targets excluded communities
The neobank aims to provide the same service as big banks without the fees.
Neobank Vybe plans 300,000 new customers in UK and France
Vybe’s CEO claims the challenger already has 950,000 people signed up and ready.
FAB transfers legacy banking licence to ADQ
A number of legacy banks in Dubai have launched digital-only services this year.
Unifimoney signs cross-border payments deal with Nium
The US neobank promises an “enhanced outbound money experience”.
First Women’s Bank picks Fiserv to underpin 2021 launch
The US neobank will operate out of Chicago to challenge small business lending in the US.
Mexico’s credit alternative challenger Klar lands $15m Series A
“We help people build credit by looking at how and where they spend their money.”
Hong Kong challenger WeLab Bank goes live on Temenos Transact
The neobank launched a few months ago.
