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Benker is set to become the first ever licensed blockchain neobank in Europe following an approval by the Bank of Lithuania.
Indian neobank startup Zeta has received unicorn status after a $250m Series C funding round took it to a $1.45bn valuation.
UK-based neobank Pennyworth has begun beta testing of the first version of its financial planning app on all iOS devices.
Berlin-based challenger bank Vivid Money has raised $60m from a Series B funding round led by Greenoaks.
Swiss challenger bank Alpian closed a $18m Series B round, less than a year after its $13.6m Series A round.
Challenger bank OakNorth Bank has completed a £4.4m Coronavirus Business Interruption Loan Scheme (CBILS) loan to complete the development of a care home.
Tyme, a neo bank focused on Asia and Africa, has raised $110m in funding, as it prepares to apply for a banking license in the Philippines.
Challenger bank Fair has closed a $20m investment round and announced that it will open early bird membership enrolment in March as it eyes April launch.