Upgrade raises $280m in Series F funding at $6bn valuation
The fintech has raised $600 million in equity capital since inception in 2017.
Challenger Bank
Digital bank N26 to withdraw from US in January to focus on Europe
N26 will no longer serve US customers after 11 January 2022.
Oportun to buy neobank Digit in $213m deal
Acquisition intended to accelerate Oportun’s expansion plans by three to five years.
Patriot Bank to acquire American Challenger and adopt its tech stack
Patriot will migrate to American Challenger’s technology platform.
BM Technologies to acquire First Sound Bank
The deal is expected to close in the second half of 2022.
FinHub Global Ventures launches new business challenger Mixbank
Mixbank aims to provide banking and cash management for businesses without the need for a credit card.
New US fintech Menta picks Agora to power credit builder platform
Menta’s platform is designed to improve access to credit for the underbanked.
US immigrant services neobank Zolve gains $40m Series A funding
The funding round takes the 10-month-old company’s valuation to $210 million.
New US fintech Marygold & Co to provide ‘all-in-one’ payment service
Fintech will offer customers a contactless debit card and fee-free usage of ATMs.
ICYMI funding round-up: Chip, Multiverse Computing, Kevin, APLYiD & more
Another collection of funding rounds and raises from all over the world you might have missed.
LGBTQ+ neobank Daylight loses head of product Ethan Teng
Teng says the decision is “one of the easiest and also one of the hardest decisions” he’s made.
Arival Bank lands banking licence in Puerto Rico
Arival plans to provide services to international software firms and underbanked businesses.
What the FinTech? | S.2 Episode 20 | Let’s get digital
Dreams CEO and founder, Henrik Rosvall, joins us for this latest episode of our What the Fintech? podcast.
Video: fintech news pick of the week – Google, Monzo, NatWest & more
Our top pick of news from the world of finance and tech in bitesize video format, every week.
New US fintech Monai to gamify savings for Millennials and Gen Z
New fintech plans to use time spent mobile gaming to help users reduce debt.
Google pulls Plex after less than a year in development
Aborted banking project reflects change of financial services strategy at Google.
Monzo withdraws US licence application after two years of negotiation
UK challenger bank to refocus its business after aborted US entry.
Banking platform Arzus launches in US to provide all-in-one service
Arzus aims to create a single dashboard for users’ financial lives.
Banking Technology October 2021 issue out now
Cover story: multi-tusking – how do you eat an elephant?
JP Morgan’s new UK bank Chase picks 10x for core banking operations
10x Future Technologies is a “foundational partner” for the new digital bank.
Canadian fintech start-up Neo Financial lands $50m Series B funding
New funds will be used for further product development and to grow its team.
JP Morgan to launch UK digital bank Chase this week
The digital bank forms part of JP Morgan’s planned international consumer expansion.
ICYMI funding round-up: TomoCredit, Lightyear, X-Margin, Coinfirm & more
More funding deals you may have missed during a busy week of news.
Video: fintech news pick of the week – PayPal, Standard Chartered, Mastercard & more
Our top pick of news from the world of finance and tech in bitesize video format, every week.
Fintech funding deals globally 6 September – 12 September 2021
Featuring Varo, Scalapay, Wave, MNT Halan and Marshmallow.
Digital challenger Varo Bank lands $510m in Series E funding round
Funds will be used to boost product and tech development and fuel customer growth.
Railsbank hires Stuart Gregory as new chief product officer
Gregory joins from fintech firm Wise, having previously worked for Paysafe and Visa.
Video: fintech news pick of the week – BillDesk, Banco Inter, OPay & more
Our top pick of news from the world of finance and tech in bitesize video format, every week.
Cartoon: Pac-Man, our friendly neobank
This new cartoon illustrates some of the daily threats faced by neobanks.
Chime secures $750m funding to reach $25bn valuation
The San Francisco-based firm has now raised over $2 billion in total funding.
US neobank Upgrade secures $105m Series E funding round
The new funding round values the firm at more than $3.3 billion.
Video: fintech news pick of the week – BharatPe, Apple and BigPay
Our top pick of news from the world of finance and tech in bitesize video format, twice a week.
Fintech funding deals globally 2 August – 8 August 2021
Featuring Rapyd, Human Interest, Unico, Matrixport and Kuda.
Video: fintech news pick of the week – Rapyd, Monzo and Mercury
Our top pick of news from the world of finance and tech in bitesize video format, twice a week.
ICYMI funding round-up: Snoop, Easy, Wildfire Systems, Ritmo & more
Another batch of funding rounds that might have flown under your radar.
Digital banking start-up Mercury hits $1.6bn valuation with new $120m funding
Digital bank secures unicorn status with Series B funding round.
Fintech funding deals globally 26 July – 1 August 2021
Featuring iCapital, Fireblocks, VNLIFE, Solarisbank and At-Bay.
Open banking myths
We are still at the start of the journey with open banking and have yet to see its full potential.
Fintech funding deals globally 12 July – 18 July 2021
Featuring insightsoftware, Revolut, Lunar, Quantexa, and M1 Finance.
Video: fintech news pick of the week – Revolut, Lunar and the UK fintech sector
Our top pick of news from the world of finance and tech in bitesize video format, twice a week.
