neobank

Lili, a neobank aimed at freelancers, raises $55M as it passes 200K users

A startup that has built a neobank specifically to address the needs of freelancers and sole traders has picked up a growth round to continue expanding its business after seeing its usage grow by 1,50

This founder raised millions to build Fair, a neobank for immigrants

Fair, a multilingual digital bank and financial services platform, is launching to the public after raising $20 million in 40 days earlier this year. Founder Khalid Parekh raised the capital primarily

Vivid Money raises $73 million to build a European financial super app

German startup Vivid Money has raised a new $73 million Series B funding round (€60 million) led by Greenoaks, with existing investor Ribbit Capital also participating. Following today’s funding r

Greece’s Viva Wallet raises $80M for its neobank targeting small business merchants

Challenger banks continue to make significant waves in the world of finance, with smaller outfits luring customers away from incumbents by providing an easier way for them to not only engage with basi

Challenger bank N26 to offer insurance products

Fintech startup N26 is launching N26 Insurance as it plans to offer insurance products that you can access from the company’s mobile app and website. The first insurance product is a smartphone insu

Hatch, a neobank for SMBs, launches with $20M in funding from investors like Kleiner Perkins, Foundation Capital and Plaid’s founders

After his last startup, Framed Data, was acquired by Square, Thomson Nguyen began exploring new ideas. While an entrepreneur-in-residence at Kleiner Perkins, Nguyen interviewed hundreds of small busin

Vybe raises $2.9 million for its challenger bank for teens

French startup Vybe has raised a $2.9 million funding round (€2.4 million) to build a challenger bank for teens. The company is currently testing its product with a soft launch. Users get a Masterca

Ribbit Capital leads $26.7M round for Brazilian fintech Cora

Cora, a São Paulo-based technology-enabled lender to small and-medium-sized businesses, has raised $26.7 million in a Series A round led by Silicon Valley VC firm Ribbit Capital. Kaszek Ventures, QED

Revolut applies for bank charter in the US

London-based fintech startup Revolut has announced that it is applying for a bank charter in the U.S. The company has submitted a draft application with the FDIC and the California Department of Finan

Revolut lets customers switch to Revolut Bank in 10 additional countries

Fintech startup Revolut has its own banking license in the European Union since late 2018. It lets the company offer some additional financial services without partnering with third-party companies. A

Zolve raises $15 million for its cross-border neobank aimed at global citizens

Tens of thousands of students and professionals move out of India each year to pursue higher education and for work. Even after spending months in a new country, they struggle to get a credit card fro

What should banking look like for modern couples?

Zeta co-founder Aditi Shekar has spent the past three years tracking the ways couples share and manage their finances, from each card swipe to every split bill. Her effort led to tens of thousands of

Charlie launches a mobile app that ‘gamifies’ getting out of debt

Charlie, a personal finance app that began as a chatbot, is relaunching today with a revamped experience focused on the larger goal of helping everyday Americans get out of debt. To do so, Charlie pre

Upgrade launches checking accounts and debit cards

Fintech startup Upgrade has been positioning itself as a neobank. And yet, the company has mostly been focused on personal loans and more recently credit cards. You couldn’t just replace your ba

Revolut applies for UK banking license

It’s hard to believe that fintech startup Revolut doesn’t have a proper banking license in its home country. But this is about to change, as the company has applied for a banking license in the U.

BBVA says that it is shutting down banking app Simple, will transfer users to BBVA USA

Some consolidation is underway in the world of challenger banking apps. BBVA today told users of Simple — the pioneering mobile and online banking app that it acquired for $117 million in 2014 &

Fintech startups are increasingly focusing on profitability

This year’s economic downturn has been a challenge for the current class of fintech startups: Some have grown nicely, while others have struggled, but the vast majority of them have changed their fo

Revolut launches mid-tier subscription plan

Fintech startup Revolut is tweaking its subscription plans with a new mid-tier offering called Revolut Plus — it costs £2.99 per month. Like N26 Smart and Monzo Plus, the new plan is a pandemic-pro

Sweden’s Tink raises $103M as its open banking platform grows to 3,400 banks and 250M customers

Open banking platforms, where services that might not have previously lived next to each other are now joined up by way of APIs, has been one of the emerging trends of the last couple of years, and to

N26 launches mid-tier subscription plan for €4.90 per month

Challenger bank N26 is adding a third subscription product called N26 Smart. N26 Smart is designed to be a mid-tier subscription plan with advanced banking features but without a travel insurance pack
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