Volt, a challenger bank in Australia has raised $70 million in a Series C round; they have now raised $100...
The company has tripled its revenue and added new products like the Varo Advance personal credit advance announced in October last year.
The product lets users get small amounts of credit, starting from a feeless $20.
More than a year after it would expand to Latam, British neobank Revolut has officially launched in Brazil with its global account product.
An article in Forbes earlier this month about the traction of digital banks caught my attention. A survey of U.S....
Many neobank unicorns' attempts at international expansion have been met with varying results. Anne Boden believes B2B is the key.
SBI Group, owner of SoftBank is investing into the mobile-first bank; SBI Group will also get a seat on Moven's board and the companies plan to form a joint venture in Japan; Moven is also splitting its business in two; one side is the software provider that powers digital banking software and the other is the neobank, MovenBank; Moven also announced that it is in the process of purchasing a US bank. Source
Comun's seed round was led by Silicon Valley fund Costanoa Ventures and included participation from South Park Commons and FJ Labs.
Global neobanks have focused on the regional ecosystem as the fintech sector gained decent size and scale in the past few years.
In episode two of PitchIt: the fintech startups podcast we talk with Daylight Co-Founder and Chief of Staff Billie Simmons....
'There are going to be a lot of M&As in the market. There's going to be a lot of innovation and focus on unit economics'