Starling Bank claims to be UK’s first profitable challenger bank
CEO Anne Boden announced £800,000 profit in a company update.
CEO Anne Boden announced £800,000 profit in a company update.
The start-up plans to launch in 2021.
Nowell leaves after just over a year in her position.
It launched in 2016 and became cash flow positive in 2017.
Founded in 2017, the bank has raised $26m so far.
SBM is partnering up with PayNearby for its initial stages.
ACDC is in the process of applying for a banking licence in the US.
Noelse is still in the very early stages of development.
“We’ve already broken even,” says CEO.
Now, a few years on from what seemed like an unstoppable rise, things aren’t quite so rosy.
Kuda completes the largest seed round in Africa.
The wealthtech says it provides “secure, reliable and international financial reach”.
The start-up already has some 25 employees.
We use an analytics platform to figure out which UK banks are giving their customers the best service.
The details of the all-stock deal were not disclosed.
Bella offers a range of consumer-friendly options, including gifts and randomised cashback.
The new app promises to help users lead a better lifestyle.
The neobank aims to provide the same service as big banks without the fees.
Vybe’s CEO claims the challenger already has 950,000 people signed up and ready.
A number of legacy banks in Dubai have launched digital-only services this year.
The US neobank promises an “enhanced outbound money experience”.
The US neobank will operate out of Chicago to challenge small business lending in the US.
“We help people build credit by looking at how and where they spend their money.”
The neobank launched a few months ago.
Regional US bank stand up digital branc with help from Nymbus.
“Lanistar is not only planning to stand out, but step over all the other start-ups”.
Payments processing firm plans to branch out from Europe and South East Asia.
Internal email suggests agreement was lost on nature of the merger.
Key areas that the sector is failing to tap into with ML and AI.
Richard Hodgson, Shaun Puckrin, and Jerome Gudgeon join the payments firm.
Paul Noble joins Tandem to help it create green digital banking services.
Each month, the digital challenger promises to gift $10,000 to Black or Latinx businesses.
The start-up promises impressive rates considering the current 0% interest climate.
The fintech is piggybacking off Texas-based Spur Security Bank.
Monument has raised £20 million to date.
“Young people are being excluded from wealth-generating services,” says CEO.
Balance updates, standing order controls, and savings goals come as standard.
Until now, no established, Black-owned, UK-founded bank has existed.
New COO Gormley will head up N26’s global customer service.
The start-up is spearheaded by GoDaddy engineer Drew Wilson.