neobank

Routefusion raises $10.5M round to simplify cross-border payments

Routefusion co-founders Colton Seal and Richard Scappaticci attempted to launch a neobank in 2016, but they ran into significant hurdles when trying to integrate with banks to help their customers mov

Israeli fintech Personetics raises $85M for tools to help incumbents personalize banking services to compete with neobanks

Big banks are under a lot of pressure to modernize their services to meet demands of consumers who now view as table stakes things like mobile apps that identify who and where you are; or instant, on-

Revolut launches stock trading in the US

Fintech startup Revolut is rolling out stock trading in its app in the U.S. The company already lets you buy and sell shares if you’re a British user. And now, Revolut has received approval to becom

Finclusion raises $20M to build out credit-led neobank offering across Africa

The digital banking space in Africa is taking shape as neobanks on the continent grow in numbers like their global counterparts. Venture capital bets from institutional investors in this class of fint

Spain’s Payflow, a salary advance startup, banks $9.1M to fuel a super app growth strategy

Barcelona-based Payflow, a YC-backed salary-advance fintech with ambitions to evolve into a neobank, has banked a $9.1 million Series A funding round — bringing its total raised since January 20

Indian neobank Jupiter raises $86 million to launch lending and wealth management services

Industry veteran Jitendra Gupta’s consumer-focused neobank Jupiter has raised about $86 million in a new financing round as the Bangalore-based startup gears up to offer its customers lending and w

Google-backed neobank Open acquires Finin for $10 million

Open has acquired consumer neobanking startup Finin for $10 million as the Bangalore-based, Google-backed business-focused neobanking platform looks to broaden its offerings and deepen relationships w

SMB neobank Nearside, formerly known as Hatch, gets $58M Series B led by Valar

Nearside, the online bank for SMBs formerly called Hatch, announced today it has raised a $58 million Series B, just seven months after announcing its Series A. The latest round was led by Valar Ventu

Southeast Asia multi-currency neobank YouTrip raises $30M Series A, will launch corporate card

Singapore-based YouTrip, an online bank that focuses on making multi-currency transactions less costly and more efficient, announced today that it has raised a $30 million Series A. YouTrip founder an

This Week in Apps: Apple defends app ad buying, Spotify gains lyrics, Instagram kills Threads

Welcome back to This Week in Apps, the weekly TechCrunch series that recaps the latest in mobile OS news, mobile applications and the overall app economy. The app industry continues to grow, with a re

Nubank files to go public

This morning Brazilian neobank Nu, better known as Nubank, announced that it has filed to go public. Today its F-1 filing remains private, but the announcement of its existence implies that Nu is on t

Mexico’s fintech success: How tech is driving the population to banking

Earlier this month, Citibanamex — Mexico's second-largest bank — announced that it is building new APIs to allow fintech companies real-time access to information like its services and ATM locatio

Revolut increases fair usage caps on free accounts in the US

Fintech startup Revolut wants to foster usage in the U.S. with better free accounts. Like in other markets, Revolut offers both free and paid accounts in the U.S. When you pay for a subscription fee,

Zopa raises $300M at a $1B valuation to expand its P2P lending and savings neobank in the UK

Another big infusion of cash from a major investor is making its way to a fintech out of the U.K. on the heels of strong growth. Today Zopa — a neobank with some 500,000 users in the U.K. where

Challenger bank N26 raises $900 million at $9 billion valuation

Fintech startup N26 has raised a $900 million Series E round at a $9 billion valuation. That represents a big jump from the company’s Series D valuation of $3.5 billion. The Berlin-based startup ope

The hyperactive open banking market of Latin America: How the region is being APIfied

We are only in the first chapter of Latin America’s long journey to tech growth. But with the region’s thirst for innovation, the market is expected to expand nearly tenfold over the next decade.

Google and Temasek back Indian neobank Open in $100 million funding

Google has invested in Bangalore-based Open, becoming the latest high-profile investor to back a neobanking platform. Open said on Tuesday it has raised $100 million in a Series C financing round. Sin

Copper Banking adds $9M in funding as digital banks clamor for teen customers

Copper Banking, a digital banking service aimed at teens, announced today it has raised a total of $13.3 million in seed funding. PSL Ventures, an arm of Pioneer Square Labs, led a $4.3 million raise

Oraan raises $3M to increase financial inclusion among Pakistani women

After working as an investment banker in Canada for a decade, Halima Iqbal moved back to Pakistan in 2017 and quickly realized how difficult it is for women to access financial services. “I had a re

Aspire raises $158M Series B to build a full-stack “financial operating system” for Southeast Asian businesses

Aspire, the Singapore-based neobank that wants to become an “end-to-end financial operating system” for Southeast Asian businesses, is moving closer to its aspirations with a $158 million Series B
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