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Icelandic FinTech company indó has launched from stealth after the close of its seed round on $4.5m. This is the first challenger bank to emerge...
UK digital bank giant Monzo has reached a $4.5bn valuation after it recovers from its slump in 2020.
UK challenger bank Zopa has secured £220m in funding, as it edges closer to becoming profitable.
German digital bank N26 has reached a $9bn valuation, following the close of a $900m investment round, which it claims to be the largest financing of a digital bank in Europe.
Research by accountancy and advisory business BDO has found lending by challenger banks in 2020 reached a record high of £143bn – a hike of 11% on 2019.
UK challenger bank Atom Bank reportedly experienced an operating loss of £36m in the financial year ending March 2021, down from £46m in the previous year.
Challenger bank Bunq has reportedly closed a €160m funding round, which puts its valuation at €1.65bn.
Berlin-based challenger bank Vivid Money has raised $60m from a Series B funding round led by Greenoaks.