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While British neobanks gained six million new customers in the last six months of 2019, losses and the looming threat of big tech are issues they still need to take seriously.
UK-based challenger bank Monzo is planning to grow its staff from 1,500 to 2,000 and to relaunch its failed premium services.
When Monzo asked its Twitter followers what feature they would like to add, Revolut replied, “Auto-switch to Revolut button.” Then all hell broke loose.
British digital bank Revolut may have achieved a bigger valuation than its native rivals thanks to a new funding round, but it is also the leader in customers complaints.
After about two years of speculation, challenger bank Revolut has finally closed its latest funding round, which reportedly pushed its valuation past the $6bn valuation mark despite rumours suggesting it would only get a $5bn valuation.
Challenger banks and huge tech titans threaten to take traditional banks' share of the market. Now Backbase believes it might have a solution.
Many FinTech startups attempt to impress young people with apps and digital offerings. However, new research suggests that it will not be enough.
UK challenger bank Monzo’s co-founder and deputy CEO Paul Rippon has left the company “to go and enjoy life” at his alpaca farm.
After ending 2019 with being accused of posting fake reviews, Bó is now tapping into influencers’ network to create a buzz.
Challenger banks are on the rise around the world, but things are not always running as smoothly as they could.