UK challenger Starling secures £130.5m funding at £2.5bn valuation
The challenger plans to “build a war chest for acquisitions”.
The challenger plans to “build a war chest for acquisitions”.
Advances in AI and ML could help neobanks better protect themselves against cybercrime.
The FCA review found some UK challenger banks have “weaknesses” with regards to financial crime controls.
Multicent will offer personal and business accounts, a crypto exchange and merchant services.
Finovate’s Greg Palmer on how the pandemic accelerated the digitisation of financial services.
The firm’s app currently has a waitlist of over 15,000 people.
Following the Series A, Umba has now raised a total of around $17.5 million to date.
Tom Wood will also join the firm’s UK Bank Board, reporting to group chief executive and founder Anthony Watson.
Our weekly fintech round-up for you to get the latest funding news from around the world.
The new funding has propelled Voyager’s valuation to nearly $1.4 billion.
The neobank is looking to accelerate its growth in Mexico and Colombia.
Stark Bank, named for founder and CEO Rafael Stark, focuses on high-growth start-ups and enterprises in Brazil.
AI and ML are key to not just recovering from, but actually preventing fraud before it begins.
Exciting open vacancies at Starling Bank, Crowdcube and Hazy. Apply today!
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Temenos’ platform will support Battle Bank’s foreign currency, market index and precious metals products.
Guy has 36 years’ worth of experience across banking and financial services.
Alpian plans to launch in Q3 2022. Prior to that, the digital bank will launch its alpha release to employees.
Brazil’s latest challenger offers banking services through a free mobile app account.
The firm claims it is “one of the fastest digital banks to achieve profitability ever”.
Oxbury Bank is a start-up bank in the UK focused on the agricultural sector.
N26 says it takes money laundering “very seriously” and has been scaling up its global AML efforts since last year.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
The Aussie challenger bank is looking to raise up to $1.5 million through crowdfunding.
Oracle’s partner JMR Infotech worked on the implementation at Waafi Bank.
Founded in 2016, Instabank claims more than 60,000 customers in Norway, Finland and Germany.
Launching in June, the app combines checking, credit and more into one integrated account.
Gatehouse Bank has appointed Strategy&, PwC’s global strategy consulting business, as its adviser.
Exciting open vacancies at Starling Bank, Experian and Monzo. Apply today!
The two companies were founded alongside each other in 2016 but developed as separate entities.
The regulated company says its account provides access to 100+ currencies and real-time foreign exchange.
Unbanked has attracted nearly $1.5 million from 1,500+ investors so far. The round closes on 26 April.
Bryce Glover has been appointed interim CEO while the search for a new CEO is underway.
Madrid-based Rebellion Pay claims more than 280,000 customers across Spain.
Lunar CEO says the new funding will enable the firm to continue carrying out its Nordic expansion plan.
Exciting open vacancies at Monzo, Klarna and Railsbank. Apply today!
Cover story: HAVE A HEART – Injecting a little love into AI.
Based in Montreal, Quebec, the fintech offers business accounts for SMEs.
FinZi has already secured a pre-seed capital raise worth $350,000.
The bank has brought in a new leadership team and implemented a new technology strategy.