Home Challanger banks
All news about challenger banks
Alpian, a Swiss neobank launched by REYL, announced that it has secured CHF 12.2 million (around $12.5) in a Series A funding round.
Revolut raised $500m in its recent Series D funding round and is looking to use it to buy companies that have been hit by the coronavirus pandemic.
Revolut has launched a licenced bank in Lithuania, enabling the 300,000 customers in the country to safely deposit their salaries in deposit-protected bank accounts.
London and Tallinn-based startup Monese is set to make staffing cuts and lower its ambitions for a funding round.
RBS launched Bó back in November 19' to compete with the Monzo and Revolut but now Bó gets discarded.
Monzo bank attracted the biggest amount of account switchers in the final three months of last year according to the most recent data.
With regard to the coronavirus crisis, Boden is sure this will bring the demise of cash money. But she is also aware that this doesn't just bring benefits as it comes with other challenges.
The German challenger N26 has introduced changes in the leadership team with two new C-Level hires.