neobank

Point wants to provide credit card rewards with debit cards

Point, a new challenger bank in the U.S., is launching publicly today with an invite system. While Point is technically providing a bank account, the company focuses on rewards associated with a debit

Revolut extends Series D round to $580 million with $80 million in new funding

Fintech startup Revolut just announced that it has raised $80 million as part of its Series D round that it announced in February. The new influx of funding comes from TSG Consumer Partners. In Februa

Point to launch new challenger bank with rewards on debit card purchases

Meet Point, a new challenger bank in the U.S. that has been available as a private beta for the past year. Today, the company is announcing new fundraising — later this month, the company is launchi

Vivid is a new challenger bank built on top of solarisBank

Meet Vivid, a new challenger bank launching in Germany that promises low fees and an integrated cashback program. The two co-founders, Alexander Emeshev and Artem Yamanov, previously worked as executi

Revolut expands bank account aggregation to Ireland

Fintech startup Revolut has expanded its open banking feature to Ireland. The feature first launched in the U.K. back in February. Once again, the startup is partnering with TrueLayer to let you add t

Challenger bank Bnext revamps rewards for purchases in partner stores

Spanish startup Bnext is revamping its cashback program so that you can buy from partner stores directly from the Bnext app and get some money back. The company has partnered with Button and the featu

Bunq adds donations to charities and tests redesign

Challenger bank Bunq is adding a new feature that lets you donate to charities directly from the app. In addition to that, Bunq is also in the process of redesigning its app. The company is launching

Fintech startups amass war chests for the economic downturn

Consumer fintech startups were massively successful in 2019, attracting millions of new users and disrupting traditional retail banks and financial services with mobile-first, consumer-oriented produc

N26 raises another $100M in Series D extension

Fintech startup N26 now has a proper funding war chest to face the economic downturn. The Berlin-based startup has extended its Series D round with another $100 million of funding at the same valuatio

Bunq lets you create joint accounts with non-Bunq Premium users

Challenger bank Bunq has revamped joint accounts to give you more flexibility. If you’re a premium users (ie not just a Bunq Travel customer), you can create a sub-account with someone else who’s

Revolut launches its neobank in the US

European fintech startup Revolut is launching its app and service in the U.S. Starting today, anybody can sign up and get a Revolut debit card. In the U.S., Revolut has partnered with Metropolitan Com

Revolut launches Revolut Junior to help you manage allowance

Revolut is introducing Revolut Junior, a new product specifically targeted toward kids aged 7-17 years old. Revolut Junior is a new app and service that integrates directly with the main Revolut app o

Revolut lets you purchase gold

Fintech startup Revolut has introduced a new trading feature for premium users. Starting today, Premium and Metal users can access gold exposure from the app. Revolut works with a gold services partne

Revolut raises $500 million at a $5.5 billion valuation

Fintech startup Revolut is raising a large Series D round of funding. TCV is leading the $500 million round, valuing the company at $5.5 billion. Over the past few years, Revolut has raised $836 milli

N26 exits UK market following Brexit

German fintech startup N26 is shutting down its operations in the U.K. Customers who opened a bank account in the U.K. will have to transfer their deposits, spend everything with their card or withdra

Mobile banking alternative Bnext expands to Mexico

Spanish startup Bnext is expanding beyond its home country. The company is currently rolling out its product in Mexico, and 170,000 people signed up to a waiting list. Bnext is going to invite those 1

Money-transfer startup Remitly launches Passbook, a neobank aimed at immigrants

Last summer, the Seattle-based startup Remitly closed a $135 million round to go beyond money-transfer services into a wider range of financial products catering to its primarily-immigrant customer ba

N26 reaches 5 million customers, including 250,000 in the US

Challenger bank N26 has reached 5 million customers. In 2019 alone, N26 managed to add more than 2.5 million customers. And the company’s growth rate seems to be accelerating, as N26 reached 3.5 mil

2020 will be a challenging year for challenger banks

Over the past year, startup banks have proven that they have a shot at disrupting retail banking. These challengers have amassed a war chest of funding, announced some ambitious international expansio

Albo raises $19M Series A to scale Mexico’s largest neobank

Another startup hoping to capitalize on the fintech opportunity in Mexico has closed on a new sum of funding. Mexican challenger bank Albo has secured a $19 million extension to its Series A financing