Tag: neobank

Challenger bank Current has secured $131m in a Series C funding round led by Tiger Global Management to work towards making the financial lives easier for its users.

Hot on the heels of being granted a restricted banking licence in October, the UK challenger bank Monument has now announced the key providers to help it build its digital bank for high-earners.

Italian challenger bank illimity has reported a 31% jump in profits in the third quarter compared to the second one this year.

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

insha, the Islamic challenger bank that boasts about offering an “account with principles”, has secured €2.5m in a new investment round.

FinTech infrastructure platform Nium has inked a partnership that will see it enhance the transaction experience of the San Francisco-based neobank Unifimoney.

Replanting company Ecosia is powering a new wooden debit card named TreeCard that will use 80% of its profits to plant new trees.

Barely a month after it was first announced, it seems as if Yandex's bid to buy Russian neobank Tinkoff in a $5.48bn deal has already come to an end.

The challenger bank for the wealthy Monument has received an authorisation with restriction banking licence from the Prudential Regulation Authority and the Financial Conduct Authority 18 months after its launch.

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.