Tags Challenger bank

Tag: Challenger bank

Zopa on track to be fastest digital bank to reach profitability...

UK challenger bank Zopa has secured £220m in funding, as it edges closer to becoming profitable.

N26 closes largest financing of a European digital bank

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.

Challenger bank lending continues to climb with 11% uptick in 2020

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.

Atom Bank records £36m operating loss as it continues mission to...

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.

bunq said to close €160m round upping its valuation to €1.65bn

Challenger bank Bunq has reportedly closed a €160m funding round, which puts its valuation at €1.65bn.

Vivid Money bags $60m Series B to expand across Europe

Berlin-based challenger bank Vivid Money has raised $60m from a Series B funding round led by Greenoaks.

Bunq, Volt partner to bolster open payment technology

Dutch challenger bank Bunq has partnered with London-based payments company Volt to provide a faster way for Bunq customers to transfer money from other accounts.

Neobank Alpian reels in $18m to develop its personlised digital banking...

Swiss challenger bank Alpian closed a $18m Series B round, less than a year after its $13.6m Series A round.

WeLab secures $75m in Series C1 round led by Allianz to...

Hong Kong-based FinTech unicorn WeLab raised $75m in new Series C1 funding round led by Allianz.

OakNorth Bank provides £4.4m coronavirus loan to Beulah Vista Caring Home

Challenger bank OakNorth Bank has completed a £4.4m Coronavirus Business Interruption Loan Scheme (CBILS) loan to complete the development of a care home.

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