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Thursday, August 11, 2022
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Revolut applies for US banking license

After a year of Revolut's US launch, the digital bank has applied for a banking license in the country.

Challenger bank Revolut leaves Canada

Revolut decides to leave Canada after not managing to exit beta since 2019.

OakNorth Bank has approved over £600m in new loans since March

OakNorth Bank received additional CBILS (Coronavirus Business Interruption Loan Scheme) allocation from the British Business Bank.

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.

Zopa secures long-awaited UK banking licence

British P2P lender Zopa has just launched a new digital bank after being granted a full UK banking licence.

Fintech and alternative lenders stand up for vulnerable SMEs

Frustrated with overwhelmed banks and what seems to be an oblivious government, some of fintech’s leading players are coming together. They’re here to stand up for Britain’s SMEs and self-employed workers – and they’re not backing down.

Immigrant Credit Access? Nova Credit raised $50M

Around 70% of people around the globe now have some form of a bank account, according to the World Bank. But when it comes immigrants, they essentially leave behind their financial histories, starting again from zero.
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Revolut plans to increase its crypto headcount by 20%

Fintech company Revolut continues to expand its cryptocurrency services operations after recently getting approval to operate in Singapore.

Nubank hits 1 million crypto users in less than a month

Brazilian challenger bank Nubank has announced hitting one million cryptocurrency users in the country barely a month after launching the service.

Revolut has been hit by high-profile resignations

Revolut has been hit by multiple resignations from its UK risk and compliance chiefs.

Starling Bank reports first full year profit

Starling reported a pre-tax profit of £32.1 million for the financial year ending 31 March 2022.