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Digital financial institution Rising Bank has expanded into the mortgage sector by offering financial solutions through its digital platform to aid homeowners with home loan options.
Digital banking solution developer Narmi has bagged $20.4m in its Series A funding round to help community banks and credit unions better compete against megabanks, challenger banks and FinTechs, it claims.
Challenger bank Current claims to be the first FinTech company to receive a second stimulus payment from the US government.
Lucy, which is a neo bank designed aimed at women, has reportedly raised SGD 500,000 ($360,000) in a pre-seed funding round.
Even though the coronavirus pandemic has made digital banking a must-have for banks, many of these financial institutions risk losing customers because of their clunky onboarding practices, according to a new FICO survey.
Kard, a challenger bank aimed at teenagers, has reportedly raised $3.5m in a funding round, which was led by Founders Future.
US challenger bank Chime has reportedly become one of the world’s highest valued FinTech companies after reaching a staggering $14.5bn valuation.
India-based banking app Finn has reportedly closed a pre-Series A round to support the expansion of its product and team.
Banking app for freelancers Lili has closed its seed round on $10m to support the expansion of the team.
Mobile banking platform Varo Money has nabbed $241m in its Series D round, as it moves closer to national charter approval.