86 400 vying another $34m raise just months after its latest funding round

Australian challenger bank 86 400 has kicked off another investment drive with the goal to raise $34m to fund expansions into the mortgage market.

Customers left “gutted” and in tears after neobank Tide halts Bounce Back Loans to...

UK challenger bank Tide has frozen the issuing of Bounce Back Loans for small businesses after its funding efforts fell through, leaving customers crestfallen and in tears.

Swedish challenger bank Northmill Bank broadens its savings offering

Neobanks in the Nordics are on the rise and Swedish contender Northmill has not been resting on its laurels to meet the demand, having just introduces fixed-rate savings accounts.

Deutsche Bank and Google Cloud team up to bolster the bank’s tech and financial...

Deutsche Bank and Google Cloud have joined forces by forming a strategic partnership that aims to redefine how the bank develops and offers its financial services.

FinTech backer Sequoia Capital India has raised $1.35bn from LPs in two new funds

The Indian branch of venture capital firm Sequoia Capital has announced that it has raised $1.35bn in an effort to bolster its continuous investment...

Digital business bank Penta adds €4m to its Series B round

Digital business bank Penta has collected €4m in a new funding round, adding to the €18.5m it raised in March for its Series B.

German prosecutors have arrested the chief executive of Wirecard’s Dubai unit Cardsystems

The highly publicised collapse of Wirecard has taken another turn with German prosecutors having arrested the head of the company's Dubai-based subsidiary.

Why the founders behind Monument think there’s still room for another UK neobank

Challenger bank Monument has revealed that it is in the later stages of an application process to get a UK banking licence in order to launch a service for affluent clients.

Italian digital banking project raises €45m as the nation is still dealing with Covid-19

Italian banking executives have raised €45m ($50.9m) in a bid to launch a digital bank in a country still dealing with the coronavirus fallout.

Robocash to raise money before Australian IPO and plans to launch neobank in the

Singapore-headquartered FinTech Robocash is planning to list on the Australian Securities Exchange and is reportedly looking to raise $5m to launch a neobank in the Philippines.

News Stories

Lloyds Bank taps Minna Technologies and Visa for new digital bank subscription management tool

Lloyds Bank has announced that its customers will soon be empowered to better view, manage and amend their subscriptions through its banking app.

Opera to acquire digital bank Fjord Bank

Browser provider Opera is looking to buy challenger bank Fjord Bank in a bid to further accelerate Opera's European FinTech operations.

FinTech unicorn Marqeta prepares for IPO

Rumours about Marqeta going public have found new energy as sources say the payment card issuing startup is in talks with investment banks for an initial public offering (IPO).

Wirecard’s Dublin office raided by police

Irish police raided failed payments technology giant Wirecard's Dublin offices at the end of last week.

Nicolas Weng Kan has been named as smart money app Yolt’s new CEO

Nicolas Weng Kan, the former Google Compare and Confused.com CEO, has been named as the new head honcho of smart money app Yolt.