Tag: Challenger bank

BaFin orders N26 to improve prevention of money laundering and terrorist...

German Federal Financial Supervisory Authority (BaFin) has ordered challenger bank N26 to improve its prevention of money laundering and terrorist financing.

Starling Bank enters “rocket ship mode” as the FinTech firm forecasts...

Anne Boden, founder and CEO of Starling Bank, believes the challenger bank will break even by the end of next year as the company has doubled its users since 2018.

Monzo bags £85m, as it prepares for new crowdfunding campaign

UK-based challenger bank Monzo has raised £85m in its newest round of funding, ahead of launching a new crowdfunding campaign.

Business bank account Penta nets ?7m to support team expansion

German business bank account Penta has netted ?7m in a new investment round, to support expansion of its team.

Nubank reportedly bags $180m investment from Tencent

Brazil-based challenger bank Nubank has reportedly received a $180m investment from Chinese backer Tencent.

Masthaven bags £60m investment from Värde

UK-based challenger bank Masthaven has received a £60m equity investment from Värde Partners.

French challenger bank Qonto collects €20m Series B

France-based challenger bank Qonto has collected €20m in its Series B round of funding.

Varo Money granted preliminary approval for national bank charter

Mobile banking solution Varo Money has become the first FinTech to receive preliminary approval for a national bank charter from the OCC.

Money Dashboard completes integration with Monzo

Personal finance app Money Dashboard has completed its integration with UK challenger bank Monzo.

Xinja partners with SAP SE to power its mobile bank

Australian challenger bank Xinja has picked SAP SE to help power its digital bank mobile service.

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