Tag: Challenger Banks
UK challenger bank Vive Bank gets a restricted banking licence
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.
Revolut unveils new services to lower card fraud and money laundering
FinTech unicorn Revolut has revealed a new suite of machine learning technology which will help to lower card fraud.
Monzo closes £22m round with £2.5m in crowdfunding
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.
Atom Bank announces £83m from BBVA with more on the way
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.
Atom Bank grabs £113m more funding from BBVA and investors
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.
Monzo crowdfunding round rockets through $2.5m target
Digital challenger bank Monzo has blasted through its £2.5m crowdfunding target in less than four hours of opening pre-registration for the campaign.
Monzo banks £19.5m, looks to crowdfund £2.5m more
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.
House of Fraser to back Tandem with £35m
Challenger bank Tandem is set to receive a £35m investment form UK department store firm House of Fraser.
N26 taps into Siri for voice-activated transfers
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.
Atom Bank plans to raise $131m in funding next year
Atom Bank, a UK-based challenger bank backed by Spanish finance giant BBVA, plans to raise £100m ($131m) in the first quarter of 2017.
