neobank

African neobank Kuda tried to raise $20M at flat valuation in 2023, missed user milestone projection by 3M

Updated to note that Kuda has now responded to say that it didn’t close a bridge round last year. The story below is modified to reflect that. Earlier this month, Kuda co-founder and CEO Babs Ogunde

Zopa, the UK neobank, hits 1M customers and raises another $93M

In 2021, U.K. neobank Zopa, which has been around since 2004, leapt to a $1 billion valuation on the back of a big investment from SoftBank and a plan to go public by 2022. Now it’s 2023, and Zo

Firstcard raises seed funding to help college students build better credit

Kenji Niwa, an immigrant entrepreneur, experienced the challenges of getting financial products, including a credit card, without a credit history when he moved to the U.S. in 2017 to get his MBA at U

Bunq, the Dutch neobank, has raised $111M at a flat $1.8B valuation to break into the US

Remote working and digital nomads became two very prominent aspects of the world of work during the pandemic, shedding light on the millions of people who live in one country but earn money in another

Majority, a digital bank for US migrants, grabs $9.75M amid expansion in Texas

Majority's new location positions the company close to The Gateway to the Americas International Bridge that crosses the Rio Grande in Texas.

Neobanks should take heart from Monzo’s performance in 2022

Monzo's results are one more ray of warm sunshine for this particular subsector of the beleaguered fintech market.

Move over, Apple, Step launches 5% savings account

Customers who qualify for the 5% savings account will also earn points on purchases at select merchants as part of Step's elevated rewards program.

Kenya’s Fingo partners with Ecobank, launches neobank on the back of $4M investment

Yesterday, Fingo, a YC-backed Kenyan fintech, launched its neobank, which it developed in collaboration with Pan-African financial institution Ecobank Kenya. The Ecobank subsidiary unveiled the neoban

Slash aims to corner the Gen Z market with business-focused banking features

Around two years ago, Victor Cardenas and Kevin Bai — college dropouts from Stanford University and the University of Waterloo, respectively — built a fintech platform called Slash that le

Green-Got is a neobank for climate-conscious customers

French startup Green-Got is building an alternative to your traditional bank account with a focus on climate change. Essentially, Green-Got guarantees that your savings and the money that is sitting i

Payday wants to power the future of work for Africa with $3M seed led by Moniepoint Inc

Payday, a Techstars-backed neobank issuing global accounts to Africans and the diaspora, has raised funding in a round led by African soonicorn Moniepoint.

The story of how Dave took the long road to become a neobank

Welcome to The Interchange! If you received this in your inbox, thank you for signing up and your vote of confidence. If you’re reading this as a post on our site, sign up here so you can receive

Southeast Asian credit fintech Kredivo scores $270M Series D

The funding landscape in Southeast Asia is still wintery, but one fintech managed to land a major round. Kredivo Holdings, which offers credit services to underbanked consumers in Indonesia and Vietna

Revolut reports first full year of profit

The all-in-one fintech app Revolut has released its annual report for 2021. While 2021 ended more than a year ago, this report includes some significant figures as the company nearly tripled its reven

Outsized seed rounds, neobanks and spicy M&A? Well hello, 2023

Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. This week, Natasha Mascarenhas, Mary Ann Azevedo and Rebec

Singapore-based neobank Aspire raises $100M from Lightspeed and Sequoia SEA

Aspire, the Singapore-based neobank that wants to become the financial operating system for SMEs, has raised an oversubscribed $100 million Series C round. Investors included Lightspeed and Sequoia Ca

Lunar, the Danish neobank last year valued at $2.2B, raises $38M to shoot for the profitability moon

Lunar, a neobank out of Denmark, last year raised money at a $2.2 billion valuation from a splashy set of investors that included Heartland, Kinnevik, Tencent, IDC Ventures and comedian Will Ferrell,

Zopa, the UK neobank, raises $93M more at a $1B+ valuation

After raising $300 million in a round led by SoftBank back in 2021, U.K. neobank Zopa has closed a deal to put more funding in its coffers. The company — which provides consumers with lending se

With Bling, the fintech startup revolution spreads even to pocket money

Today, banks and fintech startups tend not to provide products dedicated to families, specifically, and this has appeared as something of a gap in the market. Meanwhile the general lack of financial

Daylight, the LGBTQ+ neobank, raises cash to launch subscription plan for family planning

Just days after a bill that would codify same-sex marriage in the U.S. cleared a key hurdle in the Senate, Daylight, a digital bank that pitches itself as LGBTQIA+-friendly, announced a $15 million Se
Load More