Tag: Digital bank

The Indian branch of venture capital firm Sequoia Capital has announced that it has raised $1.35bn in an effort to bolster its continuous investment...

Italian banking executives have raised €45m ($50.9m) in a bid to launch a digital bank in a country still dealing with the coronavirus fallout.

Italian illimitybank.com, the illimity Group’s digital direct bank, is introducing a Payment Initiation Service (PIS), a system which enables customers to make payments from accounts of other banks consolidated on its platform.

UK challenger bank OakNorth is reportedly in the process of preparing a secondary offering to enable investors to cash in on their holdings, according to Sky News.

Tom Blomfield has swapped his CEO title for a president role at Monzo as the challenger bank is dealing with COVID-19 fallout.

On the back of closing a €1m seed round, Icelandic challenger bank indó is almost ready to go live.

Revolut, N26 and Monzo might have entered the US over the years to some extent, but Chime is still dominating the country’s digital bank market.

UK challenger bank Revolut has launched a bank in Lithuania after having achieved a European banking licence in the tail end of 2018, but says it might just be the beginning of further expansion across the continent.

Japanese digital bank Kyash has collected $45m in its Series C round, coming less than a year after it closed its Series B on $14m.

The European challenger bank market is about to get more crowded as YAPEAL secured a FinTech banking licence from FINMA, Switzerland’s independent financial markets regulator.