Revolut has partnered with Trussle to offer mortgage loan solutions for its clients; the partnership is the most recent in a series of partnerships for the digital only bank, adding to lending solutions from lenders Lending Works and Bricklane; Trussle will provide a multi-lender service to Revolut customers through technology that can recommend mortgage loans for first time borrowers and suggest alternatives for current borrowers. Source
By now we have become almost numb to the giant rounds raised by the challenger banks in the UK. It...
Revolut has become one of the hottest fintechs in the world since launching five years ago and the company has...
Monzo has officially launched their first product for businesses; the bank has shared that they hope to be profitable in...
UK-based Redwood Bank has launched digital banking services after obtaining a banking license for business in the UK; Redwood Bank is the first bank with a 100% cloud-based infrastructure and will offer SME mortgages for business owners and professional landlords as well as a 35-day business savings account; Redwood Bank is wholly-owned by Redwood Financial Partners Ltd. which is controlled primarily by Warrington Borough Council with a 33% ownership stake; the newly launched bank is covered by the UK's Financial Services Compensation Scheme (FSCS) which protects customers' eligible deposits of up to a total of GBP85,000 ($109,846). Source
In the UK Revolut has rolled out a peer to peer payments feature called “Near Me” which lets their users...
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
A new survey by Cornerstone Advisors examined six questions about consumers primary financial institution and found some interesting trends amongst...
Many staff members at the challenger banks are working from home with Starling and Revolut opting to split staff between...
Challenger banks have become one of the hottest trends in fintech with companies raising hundreds of millions of dollars all...