2/3/2022 9:15:51 PM KOHO raises $210m in Series D funding By Zein Dayekh Toronto based challenger bank raised $210m in Series D funding led by Eldrige.
11/19/2021 2:21:13 PM Germany’s $9 billion digital bank N26 to withdraw from the U.S By Carlos Alonso Torras N26′s American customers will no longer be able to use its app from Jan. 11, 2022. The Berlin-based fintech said the move was aimed at...
1/27/2021 3:13:12 PM Revolut disrupted banking in Europe—can it do the same in the U.S.? By Sarah Wolter Since launching in 2015, financial upstart Revolut has become a force in Europe by offering cheap foreign exchange and a growing suite of...
1/22/2021 2:13:25 PM Monzo founder Tom Blomfield is departing the challenger bank and says he's "struggled"during the pandemic By Carlos Alonso Torras Monzo founder Tom Blomfield is departing the U.K. challenger bank entirely at the end of the month, staff were informed earlier this week.
12/4/2020 5:13:58 PM Monzo raises £60m in new funding By Sarah Wolter UK based challenger bank raised £60m in new funding from Novator, Kaiser, TED Global and Goodwater.
12/4/2020 3:56:31 PM Mibo becomes part of Fondeadora By Carlos Alonso Torras Portfolio company Fondeadora welcomes Mibo's users to its growing community. Together, they are positioning to redefine the future of...
12/1/2020 5:59:49 PM JP Morgan and Lloyds considering acquisition of UK challenger Starling Bank By Sarah Wolter Starling Bank, having grown its user base to 1.9m UK customers, has sparked acquisition interest amongst major high street banks. Whilst...
11/20/2020 6:44:25 PM The cashless economy: How fintech is approaching the future of finance By Sarah Wolter Cashless payments were on the rise before the pandemic hit, and now, eight months into its grip on the U.S., their use is accelerating...
9/18/2020 4:24:08 PM Chime is now worth $14.5b, surging past Robinhood as the most valuable US consumer fintech By Sarah Wolter San Francisco based challenger bank raised $485m in Series F funding, more than doubling its valuation from December and is worth almost...
9/10/2020 2:49:06 PM FinTech Collective invests in Oyster By Carlos Alonso Torras We're incredibly excited to announce that we have invested in the $14m Series Seed financing round in Oyster. The company is building a...
7/31/2020 2:02:04 PM Varo Money granted national bank charter By FinTech Collective San Francisco based consumer fintech firm that closed a $241m funding round last month is to be granted national bank charter allowing...
7/31/2020 1:52:35 PM Point wants to provide credit card rewards with debit cards By FinTech Collective US based new challenger bank with a focus on rewards associated with a debit card has launched publicly with an invite system.
7/2/2020 1:17:49 AM Société Générale acquires freelancer challenger bank Shine By Sarah Wolter The deal will add to the bank’s fintech ecosystem and will support SocGen’s small business and entrepreneur customers. According to...
7/1/2020 4:57:17 PM US challenger bank Chime launches Credit Builder, a credit card that works more like debit By Sarah Wolter Chime wanted to develop a new kind of credit card experience due the growing popularity of debit cards in the U.S. In 2018, the U.S....
6/16/2020 7:36:46 PM Monzo confirms £60m down round, with a new pre-money valuation of £1.24b By FinTech Collective London based challenger bank raised £60m in additional funding at a down-valuation of £1.24b from existing investors Reference Capital...
6/5/2020 1:58:59 PM Mobile banking startup Varo Money raises $241m By Faisal Kawar San Francisco based licensed challenger bank raised $241m in Series D funding co-led by Gallatin Point Capital and The Rise Fund.