Tags Challenger bank

Tag: Challenger bank

Neobank Tenth is a new digital bank for black Americans

The challenger bank Tenth is looking to tap into the estimated $1.4trn spent by Black citizens in the US.

Mexico-based Klar scores $15m in its Series A round

Mexico-based challenger bank Klar has reportedly bagged a $15m Series A funding round, which was led by Prosus Ventures.

German challenger bank N26 might be eyeing a new funding round

German challenger bank N26 is reportedly weighing up a new funding round next year, which could put its valuation above $3.5bn.

XTM launches Reverse ATMs enabling people to insert money at the...

Toronto-based mobile banking startup XTM has announced it will begin shipments and installations in early October of its new so-called Reverse ATMs to large venues and stadiums across North America.

How OakNorth has weathered the Covid-19 crisis and Brexit so far

Despite Covid-19 and Brexit, challenger bank OakNorth claims to have been able to avoid many of the hurdles other neobanks have faced.

Starling Bank launches new online banking option

UK challenger bank Starling Bank has launched a new online banking option for its personal and joint bank account customers that will enable them to manage their financial from a computer as well as on their smartphones.

Yandex agreed to buy challenger bank Tinkoff in $5.48bn deal

Having responded to media speculation about an upcoming deal, Tinkoff has revealed that it has inked an agreement with Russian tech giant Yandex to allow the later to buy the neobank in a $5.48bn deal.

Zenus Bank puts 2020 launch on hold because of Covid-19

By postponing its launch to 2021, Zenus Bank has joined the number of challenger banks forced to shift their focus because of the coronavirus.

Another high-level executive leaves Revolut

Barely a month after Revolut's COO left, the challenger bank's head of compliance has now joined the growing list of top executives abandoning the neobank.

Jiko becomes the first FinTech startup to purchase a US-regulated bank

FinTech startup Jiko has acquired Mid Central National Bank in a deal that is the first of its kind.

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