A year after receiving Federal Deposit Insurance Corp (FDIC) approval, Square Financial Services, Square’s state-chartered industrial bank has begun operations.
Mobility Capital Finance (MoCaFi), a mobile-first banking platform, has secured an investment from Mastercard, as well as the start of a new partnership with the payments giant.
Montreal-based AI and FinTech startup Hardbacon raised $1.1m in funding through equity crowdfunding platform FrontFundr.
Geneva-based digital bank FlowBank has launched an app that connects users to the global financial markets with the aim to ease the investment process.
In a bid to be in control and manage their finances, almost one in three millennials use online tools to track spending and budget their finances, new study from Zip said.
First Boulevard, a challenger bank aim at Black Americans, has reportedly raised $5m in its seed round.
Digital bank Stori closed a $32m Series B funding round to fuel the credit card payment industry for masses in Mexico.
Monument, a challenger bank aimed at the wealthy, has reportedly raised a £28m as it prepares for its launch later this year.
Banking platform provider Backbase has inked a deal to incorporate Zafin’s relationship-based product and pricing capabilities into its Engagement Banking platform.
Challenger bank OakNorth Bank has completed a £4.4m Coronavirus Business Interruption Loan Scheme (CBILS) loan to complete the development of a care home.