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Saturday, April 17, 2021
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Tag: neobank

Monzo’s valuation drops by 40% to £1.25B as it sealed a £60M funding round

Monzo bank is a key market player in the U.K. with more than 4 million customers, now it has confirmed it has closed £60 million in top-up funding. But the paper value of the challenger bank now dropped from £2.0 billion to £1.25 billion.

Starling Bank introduces in-app Slack integration and other new features

UK challenger Starling Bank has integrated three new in-app products to its business banking platform.

Revolut is increasing its charges and introduces new fees

Challenger bank Revolut introduced a new limit on foreign exchange offering for its free plan.

Russia’s Tinkoff launches Investment Box, a micro-investing tool

Russia-based Tinkoff is launching a micro-investing service called Investment Box in its app. This way Tinkoff's customers will be able to save small amounts of money regularly while using their debit cards for purchases.

Revolut has been accused of pushing 50 of its staff to quit or to get fired

Some Revolut staff members claim that they have been pressured into leaving their jobs and taking salary cuts as the company applied cost-saving measures.

Monzo cuts 120 jobs as a response to the coronavirus downturn

Monzo, the U.K. challenger bank, will cut up to 120 jobs as a result of the coronavirus pandemic.

TS Anil, the new CEO of Monzo

After co-founder Tom Blomfield decided to move to the newly established position of president, TS Anil the Monzo's US CEO is going to become the CEO of Monzo as such. But who is he?

Starling Bank’s Connected Card endorsed by the Royal Voluntary Service

UK-based charity Royal Voluntary Service (RVS) selected Mastercard, Starling Bank, and PFS to provide payment cards to NHS volunteer responders during the Covid-19 pandemic.

N26 data research shows only 27% of people feel in control of their finances

N26 is a german challenger bank that is live in 25 countries including the US. Last week it has announced survey results from its larger “Big Banking Chat”.

Bunq adds donations to charities with its “Update 14”

Dutch challenger bunq is adding a new option to its app that lets you donate to charities directly. Bunq is also redesigning the app and launching a public beta test of the V3 version to get feedback from its users.
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Monzo partnered with RAC to enhance its premium options

Monzo has reached a combined total of 135,000 customers for its two premium bank account options since their launch in 2020 and now it extends their benefits.

Revolut adds 11 new crypto tokens

Revolut announced this Thursday that 11 more crypto-tokens were added to the option for users to buy and sell.

Starling Bank and Funding Options join to support SME’s

Starling Bank and Funding Options decided to join forces and help SME's with their recovery in 2021.