Home Tags Challenger Banks
Tag: Challenger Banks
Investment in the sector is expected to slow down for the remainder of the year as the momentum from record H2 2019 wears off
Things look to be going from bad to worse for UK challenger bank Monzo. After suffering a 40% down round in June, the bank has now revealed its annual losses have doubled due to the pandemic.
UK neobank Monzo has launched a new version of its premium offering and is keeping the fingers cross that it will last longer than the old offering, which had to be scrapped after just a few months.
Australian challenger bank 86 400 has kicked off another investment drive with the goal to raise $34m to fund expansions into the mortgage market.
UK challenger bank Starling Bank is reportedly looking to raise yet more funding this year, with the hopes to create more products for small and medium-sized businesses (SMEs).
Monzo co-founder Tom Blomfield has been removed as a director, as part of his transition into a new role and the appointment of TS Anil as the bank’s CEO.
From Monzo's seeing its valuation plummet to Checkout.com becoming one of Europe's most valuable FinTechs, the last week has been full of funding rounds that could cause big waves in the sector.
From regulatory loops to jump through to massive competition, European challenger banks have many obstacle to overcome if they want to expand across the pond.
Muniy is the latest challenger bank to come out of the UK, but it promises to offer something new and exciting as part of its new crowdfunding campaign.
Founded in 2017, Spanish challenger bank Bnext has revamped its cashback programme in a big way.