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challenger banks

EuropeFintechNews Roundup
·Feb. 11, 2020

Tandem Bank Set to Announce £50mn funding round

Challenger banks continue to pile up funding rounds as UK based Tandem Bank is preparing to announce a fresh round...
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FintechNews RoundupUSA
·Mar. 23, 2020

Wealthfront Makes Strides to Become Digital Bank

Digital wealth fintech Wealthfront is taking another step towards becoming a bank with their new and improved Cash Account; the...
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EuropeFintechNews Roundup
·Aug. 25, 2017

Early-Stage Fintech Financing in the UK and Germany

CB Insights reports on two of Europe's top markets for fintech investment, the UK and Germany; the UK is reporting significant early-stage investment in personal banking platforms and insurtech with insurtech also a top investment in Germany; year-to-date, European fintech companies have raised approximately $2.6 billion with early stage fintech financing in the UK at $202 million and Germany reporting financing of $83 million. Source

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FintechNews RoundupUSA
·Feb. 14, 2019

The Future of Banking Will be a Mix of Old with New

Banking is continuing to evolve and there has been a trend to talk about how the challenger banks will take...
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Peer to Peer Lending
·Feb. 25, 2020

Revolut Raises Massive $500 Million Round at $5.5 Billion Valuation

By now we have become almost numb to the giant rounds raised by the challenger banks in the UK. It...
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EuropeFintechNews RoundupUSA
·Feb. 21, 2019

Announcements & Releases for February 21, 2019

Green Dot Eyes Banking-As-A-Service, Gen Z To Build On Q4 Growth $650 billion asset manager Franklin Templeton is embedding data...
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EuropeFintechNews Roundup
·Jan. 14, 2019

The UK Still Has Challenges for New Entrants into Banking

The UK’s banking market has seen a number of new entrants since the financial crisis but it hasn’t been easy...
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FintechNews RoundupUSA
·May. 1, 2020

Chime CEO Talks About America’s Broken Banking System

According to CB Insights challenger banks are the fastest growing fintech segment in the world; U.S. based Chime has been...
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EuropeFintechNews Roundup
·Mar. 30, 2017

Challenger Bank Monzo Raises 2.46mn British Pounds on Crowdcube

Monzo has set a new Crowdcube record with fundraising from over 6,800 investors in its current fundraising campaign; firm has raised of 2.46 million British pounds ($3.06 million) and is targeting 2.47 million British pounds ($3.07 million); the crowdfunding campaign is part of a broader Series C funding round for 22 million British pounds ($27.37 million) which includes a 19.5 million British pounds ($24.26 million) investment from Thrive Capital, 5 million British pounds ($6.22 million) from Passion Capital and 1.5 million British pounds ($1.87 million) from Orange Digital Ventures; the firm has raised a total of 35 million British pounds ($43.54 million) in growth capital including a funding of 1 million British pounds ($1.24 million) in March of 2016 on Crowdcube.  Source

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FintechNews RoundupUSA
·Mar. 12, 2020

Challenger Banks Could Steal 8 Percent of Retail Banking Revenues

According to a new report from Accenture high street banks face the possibility of losing up to 8 percent of...
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