8.6 C
New York
Monday, April 15, 2024
Home Challanger banks

Challanger banks

Monzo bank future in doubt as losses double

Monzo bank’s losses jumped from £47.2m to £113.8m amid a hiring spree, marketing and US expansion.

Bunq moves into mortgage market with initial €100m worth of loans

Dutch challenger bunq is now offering mortgages as a part of its new partnership with a third party broker.

Revolut launches in-app price comparison service

Revolut is now working with Decision Tech, a price-comparison technology company.

Revolut’s Richard Davies moves to Allica Bank as the new CEO

Allica Bank has announced the appointment of Richard Davies as its new chief executive.

Revolut raises $80m in new funding as it extends Series D round to $580m

The challenger bank Revolut just announced that it has raised $80 million as part of its Series D round that it announced in February. This new funding comes from TSG Consumer Partners.

N26 partners with adidas to provide customers with a new perk

German challenger bank N26 has announced a partnership with another German brand, the sportswear giant adidas.

Starling Bank extends SME features by adding Penfold to the marketplace

Penfold is a pension provider for self-employed and is the latest addition to Starling Marketplace, where the customer is able to browse third-party providers and services.

Lunar launches Denmark’s first metal card as part of a ‘Pro’ premium account

Nordic challenger bank Lunar that has offices across Denmark, Sweden, and Norway, has announced the launch of their new premium 'Pro' account that comes with a metal card.

Revolut finally extends cryptocurrency trading feature to the US

Revolut announced this Wednesday that it will start offering its cryptocurrency trading services in the U.S.

Monzo is finally launching its premium ‘Plus’ subscription account

British challenger Monzo bank has relaunched its premium 'Monzo Plus' account with a £5/month fee.

Peter Trebelev, Head of Growth at Rizq: “The market is so saturated, that only niche propositions have the potential to survive.”

Rizq is a UK-based Islamic digital challenger bank and it is preparing for its launch this summer. The challenger bank aims to solve mainstream banking issues for Muslims in the West, which is in line with their values and lifestyle.

Monese partners with Paysafe to enhance access to cash services

Paysafecash is Paysafe’s eCash solution that can now be used by millions of consumers to top up Monese accounts directly.
- Advertisment -

Most Read

NEW Revolut UK CEO to make Conference Debut at MoneyLIVE Summit

MoneyLIVE has today announced that Revolut’s newly appointed UK CEO will be making her conference debut at MoneyLIVE Summit 2024, which is...

2024’s Financial Innovators: A New Era of Banking Startups 

In the wake of the COVID-19 pandemic, our world witnessed an unprecedented shift towards digitalization. The banking industry, in particular, has been...

C-suite Banking and Payments Leaders From Across Europe Set to Meet at London’s MoneyLIVE Summit in March

On the 6-7 March 2024 MoneyLIVE Summit will return to London’s QEII Centre to unite over 1000 banking and payments leaders from...

The Evolution of Digital Wallets: A Shift from Physical Cards by 2030

By 2030, we can expect digital wallets to become the preferred payment instrument, offering a myriad of non-payment-related services for consumers.