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Credit Sesame launches digital bank account to capitalize on expense management

Credit Sesame introduced Sesame Cash, a free digital bank account as part of a new smart digital banking service that will help consumers grow their cash and credit in one place for free as they spend and save.

NorthOne, a challenger bank for small businesses, raises $21M in Series A

NorthOne, a challenger bank targeting small businesses, freelancers and startup companies, has raised $21 million in Series A funding led by Battery Ventures.

Revolut seeking UK banking license because of Brexit

Revolut is preparing to submit a banking license application to the Bank of England and hopes to secure it before the end of the year.

OakNorth Bank reaches double profits, but growth slows

SoftBank-backed lender OakNorth Bank almost doubled its profits in 2019 but slowed down its pace of expansion as economic concerns discouraged...

Tandem raises £60m to fund international expansion

Tandem Bank, the UK challenger which sparked reports of its funding nearly a year ago, has finally landed its investment round of £60 million and intends to buy a green lender that helps consumers buy solar panels.

Leap Finance raises $5.5M to lend to Indian students who are studying abroad

Leap Finance, a fintech platform for overseas Indian students, announced it has raised US$5.5 million in a round led by Sequoia India.

Starling Bank to create 400 jobs at its new Cardiff office

In a major boost to the growing fintech sector in the Cardiff Capital Region, Starling Bank is investing in new data science, fraud and customer service hub in the city.

30 employees turned into millionaires? Yes with Monese

Monese, a digital banking app for immigrants, is expecting to turn 30 employees into paper millionaires after its next fundraiser, which will reportedly value the company at £1bn.

RBS Fund Takes Back £50M From Metro Bank!

Metro Bank has announced that it will repay £50 million of bailout funding to RBS. The announcement arrives as the bank altered its strategy after releasing its full-year results and scaled-back its plans for branch expansion over the next few years.

UK’s most valuable fintech startup? Revolut!

The digital bank Revolut has become the UK’s most valuable financial technology startup after a funding round that more than tripled its value to £4.2bn.
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Chubb and Revolut announce partnership deal

Provider of insurance services Chubb has partnered with unicorn challenger Revolut to offer a broader range of their services to Revolut’s customers.

Monzo Bank founder Tom Blomfield is leaving the company

Tom Blomfield who co-founded Monzo Bank 2015, is leaving the digital bank, citing "challenges" from the pandemic, TechCrunch reported.

UK Government voted down BNPL regulation bill

70 MPs have decided to vote down a bill which was supposed to regulate buy now, pay later companies like Klarna, Laybuy and Clearpay.

Curve raises $95 million as it eyes US expansion

London-based Fintech Curve secured $ 95 million in its latest investment Series C funding.