Singapore’s robo-advisor StashAway lands $16m led by Square Peg
The fintech last raised funding in July 2019.
Consumer/Personal Finance
Varo receives US national bank charter
Varo Bank will serve as the firm’s new banking arm, with Varo Money becoming its holding company.
Why intelligent reporting is crucial to client retention
Good digital reporting is intuitive and comprehensive.
US remittance start-up Remitly lands $85m
The remittance market is set to suffer from the pandemic.
OpenWrks lands government deal as digital affordability provider
The government wants to digitise more of its debt advice service.
UK fintech Beanstalk launches JISAs for parents with just £5 to invest
The start-up was co-founded by former Capital One employees.
Curve lands first CFO from PayPal, announces Onfido partnership
Scott Weller previously spent a six-year stint at PayPal.
Law firm owner co-founds challenger Frost rivalling Snoop
It is currently applying for a banking licence with the Financial Conduct Authority (FCA).
Emirates NBD’s challenger Liv moves to ‘super app’ status
The challenger said it had acquired more than 300,000 users.
Applications for FCA’s sixth regulatory sandbox drop more than 30%
Last year, the sandbox recieved a record 99 applications.
Xinja Bank to launch US trading platform for Aussie investors
Dabble will also offer users fractional shares.
Plum lands $10m for European expansion
To date, Plum has raised $19.3 million.
UK challenger The Reserve postpones launch due to COVID-19
The Reserve is built green “from inception”.
Virgin Money launches beta of new home buying app
The app is part of Virgin Money’s wider digital transformation strategy.
Money manager for freelancers Flow lands Dutch PSD2 licence
The idea for Flow originated on an alpaca farm in Drenthe.
SoftBank-backed Policybazaar aims for 2021 IPO at $3.5bn valuation
Policybazaar expects to return to profitability by the end of this year.
Finsie to launch US price comparison service
The fintech launched its beta in July.
UK savings app Moneybox lands £30m, plans crowdfund
Moneybox has raised £50 million since 2016.
FCA and City of London to create COVID-19 inspired digital sandbox
The sandbox will be for both start-ups and “large financial institutions”.
Italy’s Banca Mediolanum launches sustainable challenger Flowe
The bank currently employees a team of 56.
Monzo takes another shot at paid current accounts
The paid-for current account is priced at £5 a month.
State-backed green bank to land in UK to hit country’s climate goals
The government sold its original green bank in 2017.
Barclays launches robo-advisor for £5k investments with Scalable
The service is called ‘Barclays Plan & Invest’.
Robinhood lands $320m bumping valuation to $8.6bn
Its Series F stands at $600 million.
What the Fintech? Episode 9 | Open banking: entering the mainstream
Coconut CEO, Sam O’Connor, shares his insight on the Plaid and Finicity acquisitions.
US buy now, pay later fintech Sezzle in $60m raise on ASX
The start-up still needs to close $5 million.
Paytm to buy insurance firm Raheja QBE for $76m
Raheja QBE has around 41,000 customers.
Deutsche Bank faces $150m fine for Jeffrey Epstein ties
“The bank’s failure to recognise this risk constitutes a major compliance failure.”
Estonian fintech Planet42 to tap South Africa’s alternative car finance market
The fintech landed €2.2 million in seed funding last month.
HSBC wants to double mobile users by 2022
The bank wants to generate more revenue per customer.
Newly licensed RevoluPAY taps global remittance market
The fintech landed its PSD2 licence in Spain at the end of May.
OBIE UK’s open banking body launches app store
The launch date was moved up because “open banking can make life easier in lockdown”.
UK challenger Picnic Bank to address ‘fintech for good’
The start-up is looking to raise £5.5 million.
LenderClose appoints Martina Schubert as its CTO
She joins LenderClose with more than 25 years in information technology leadership experience.
Earnings on demand fintech Hastee rolls out Visa debit card
“Users visit our app on average one and a half times a day,” says CTO.
Breaking down challenges for challenger banks with Ohpen
“It’s not just about a sexy frontend or onboarding,” says CCO.
Ugandan multi-currency wallet Eversend crowdfunds $706,000
The start-up has issued 8.74% in equity to investors.
Financial text message platform Stackin’ lands $12.6m
The fintech says it has more than one million subscribers in just one year.
Standard Chartered to launch new savings product, calls for help from fintechs
The bank has set a ‘challenge’ for start-ups on its ‘Fintech Bridge’ network.
China’s largest bank rolls out more deposit services with Alipay
Alipay has been collaborating with ICBC since March 2005.
