neobanks
Inflation and currency devaluation have always been a growing concern for Africans with bank accounts.
FintechOS competes with other companies such as Ncino, Meridian Link, Abrigo and Backbase.
Fintech Mercury, whose B2B business is caught up in regulatory scrutiny, expands into consumer banking
Business banking startup Mercury, founded in 2017, is now launching a consumer banking product. Mercury today serves more than 100,000 businesses, many of which are startups, via its B2B practice.…
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Despite glimmers of profit, most African neobanks remain in the red
It was only just over a year ago that McKinsey described Africa’s financial technology landscape as a “hotbed for investment.” Fast-forward to today and startups on the continent are facing many of the same problems plaguing fintechs in more mature markets like the U.K. and the U.S.: Valuations are tanking,…
U.K.-based Revolut saw its valuation being reduced earlier this year, and the company is once again in the headlines for reasons that it won’t like.
Anne Boden nearly lost a grip on Starling Bank years ago when the neobank was in the middle of a coup effort led by its CTO, but now it looks…
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Revolut’s valuation troubles signal a stormy horizon for less-profitable neobanks
Revolut’s situation seems like awful news for other neobanks. How much more room do less profitable neobanks have to fall?
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Now is the time to invest in Black-owned banks
It’s essential to consider this moment as an opportunity to start banking with some of the few Black-owned banks.
While it is possible to build a neobank that isn’t bone-grafted to the venture capital markets, it can be a very long road to get to that point.
There’s some good financial news brewing for neobanks: new data indicates that at least some of the larger and better-known neobanks are going to be OK after all.
Mono is building a fully digital bank with accounts that can be opened in around 15 minutes versus an average of two weeks at an incumbent bank.
Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. Every Monday, Grace and Alex scour the…
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A neobank for digital entrepreneurs, founded by a former Apple Card designer, just raised $5.3M
Daniel Sathyanesan spent two years at tech behemoth Apple as a user experience designer on the Apple Card before venturing out on his own. While running his own business — a service-based design agency — Sathyanesan quickly realized that banking options for a digital solopreneur were less than ideal. In…
Unless you own many shares of financial technology startups, this will be fun.
Fintech Farm, a newly launched fintech startup based in the U.K. that creates digital banks in emerging markets, confirmed to TechCrunch today that it has raised $7.4 million in seed…
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Oxygen, a neobank for freelancers and small businesses, in talks to raise funds at over $500 million valuation
Oxygen, a startup that is bringing digital banking services to freelancers and micro- and small-sized businesses, is in talks to raise a new round at a valuation of over $500…
In good news for its peers that may seek to go public, the numbers Nubank has shared in its IPO filing seem to make pretty reasonable business sense.
Zolve, a neobanking startup that aims to help immigrants in the U.S. gain access to financial services, said on Wednesday it has raised $40 million in a new financing round…
Fintech startup Atomic announced this morning that it has closed a $22 million Series A. Core Innovation Capital led the round, which saw participation from preceding investors. The company has…
Industry veteran Jitendra Gupta’s neobank for consumers in India — Jupiter — has raised $45 million in a new financing round as the Bangalore and Mumbai-based startup gears up for its…
At least a portion of the neobanking world is financially stable enough to consider public offerings.
Kuda Bank, the London-based, Nigerian-operating startup that is taking on incumbents in the country with a mobile-first, personalised and often cheaper set of banking services built on newer, API-based infrastructure,…
Revolut confirms a fresh $800M in funding at a $33B valuation to supercharge its financial services super app
The fintech funding continues to roll in at a rapid pace, a result of the huge shift underway in how consumers spend and manage their money. In the latest development,…
Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines. This week we did something fun and different…
How big is the market in India for a neobank aimed at teenagers? Scores of high-profile investors are backing a startup to find out. Bangalore-based FamPay said on Wednesday it…
Bangalore-based neobank Open is in advanced stages of talks to raise about $100 million, according to two sources familiar with the matter. Temasek, the Singaporean government’s sovereign wealth fund, and…
One of the most strategically important financial relationships for neobanks is becoming the account destination for a user’s paycheck. If you’re a bank and you own that specific relationship, users…
Challenger banks continue to make significant advances in attracting customers away from the big incumbents by providing more modern, user-friendly tools to manage their money. Today, one of the trailblazers…
Challenger banks continue to see huge infusions of cash from investors bullish on the opportunity for smaller and faster-moving tech-based banking startups to woo customers from their larger rivals. In…
