neobanks

Despite glimmers of profit, most African neobanks remain in the red

It was only just over a year ago that McKinsey described Africa’s financial technology landscape as a “hotbed for investment.” Fast-forward to today and startups on the continent are facing many

Revolut sees its valuation reconsidered as public markets stir the fintech pot

U.K.-based Revolut saw its valuation being reduced earlier this year, and the company is once again in the headlines for reasons that it won’t like.

Anne Boden, founder of UK’s Starling Bank, steps down as CEO

Anne Boden nearly lost a grip on Starling Bank years ago when the neobank was in the middle of a coup effort led by its CTO, but now it looks like Boden is doing the walking away. The outspoken founde

Revolut’s valuation troubles signal a stormy horizon for less-profitable neobanks

Revolut's situation seems like awful news for other neobanks. How much more room do less profitable neobanks have to fall?

Now is the time to invest in Black-owned banks

It's essential to consider this moment as an opportunity to start banking with some of the few Black-owned banks.

The profit divide running through the neobanking sector

While it is possible to build a neobank that isn't bone-grafted to the venture capital markets, it can be a very long road to get to that point.

Looks like (some) neobanks will be OK after all

There's some good financial news brewing for neobanks: new data indicates that at least some of the larger and better-known neobanks are going to be OK after all.

Mono aims to be ‘first bankingless bank’ for Latin America’s small businesses

Mono is building a fully digital bank with accounts that can be opened in around 15 minutes versus an average of two weeks at an incumbent bank. 

How to failwhale the blockchain

Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. Every Monday, Grace and Alex scour the news and record not

A neobank for digital entrepreneurs, founded by a former Apple Card designer, just raised $5.3M

Daniel Sathyanesan spent two years at tech behemoth Apple as a user experience designer on the Apple Card before venturing out on his own. While running his own business — a service-based design

Is it time to worry about fintech valuations?

Unless you own many shares of financial technology startups, this will be fun.

Fintech Farm nabs $7.4M to launch neobanks in Nigeria and other emerging markets

Fintech Farm, a newly launched fintech startup based in the U.K. that creates digital banks in emerging markets, confirmed to TechCrunch today that it has raised $7.4 million in seed funding. The comp

Daily Crunch: Berlin-based revenue workspace Weflow takes aim at ‘Salesforce fatigue’

Hello friends and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.

Oxygen, a neobank for freelancers and small businesses, in talks to raise funds at over $500 million valuation

Oxygen, a startup that is bringing digital banking services to freelancers and micro- and small-sized businesses, is in talks to raise a new round at a valuation of over $500 million, two sources fami

Nubank’s IPO filing gives us a peek into neobank economics

In good news for its peers that may seek to go public, the numbers Nubank has shared in its IPO filing seem to make pretty reasonable business sense.

Zolve raises $40 million to help global citizens access financial services

Zolve, a neobanking startup that aims to help immigrants in the U.S. gain access to financial services, said on Wednesday it has raised $40 million in a new financing round as it begins to roll out it

Atomic aims to give consumers more control over their income with payroll-connecting APIs

Fintech startup Atomic announced this morning that it has closed a $22 million Series A. Core Innovation Capital led the round, which saw participation from preceding investors. The company has raised

Nubank co-leads $45 million investment in Indian neobank Jupiter

Industry veteran Jitendra Gupta’s neobank for consumers in India — Jupiter — has raised $45 million in a new financing round as the Bangalore and Mumbai-based startup gears up for i

Neobanks’ moves toward profitability could be the path to public markets

At least a portion of the neobanking world is financially stable enough to consider public offerings.

Kuda, the African challenger bank, raises $55M at a $500M valuation

Kuda Bank, the London-based, Nigerian-operating startup that is taking on incumbents in the country with a mobile-first, personalised and often cheaper set of banking services built on newer, API-base
Load More