Tag: Challenger Banks

German challenger bank N26 is going to cancel its UK operations, blaming the Brexit regulatory uncertainty for the decision. Now, a Dutch competitor is making fun of it.

Having just been granted a restricted banking license by the Bank of England, Vive Bank is now months away from launching its first line of products.

FinTech unicorn Revolut has revealed a new suite of machine learning technology which will help to lower card fraud.

Challenger bank Monzo has wrapped up its latest funding haul with £22m after raising £2.5m in crowdfunding. The London-based attracted a record-breaking 6,5000 investors.

UK challenger bank Atom Bank has raised a further £83m in equity capital. The round takes Atom’s total funding to £219m and values the Durham-based company at £261m.

Spanish banking giant BBVA is further increasing its stake in Durham, UK-based challenger bank Atom Bank as part of the company’s new £250m round.

Digital challenger bank Monzo has blasted through its £2.5m crowdfunding target in less than four hours of opening pre-registration for the campaign.

The app-only bank has already closed £19.5m in a Series B round led by Thrive Capital and plans to raise a further £2.5m through crowdfunding.

Challenger bank Tandem is set to receive a £35m investment form UK department store firm House of Fraser.

N26 is making good us of Apple’s latest update to its iOS mobile operating system that gives developers access to its voice activates assistant Siri.