Greek fintech Viva Wallet officially becomes a bank
The Attica-based start-up acquired Praxia Bank’s banking licence on 3 August.
The Attica-based start-up acquired Praxia Bank’s banking licence on 3 August.
The new capital adds to its already closed €22.5 million last October.
“We never planned to launch a bank during a global pandemic,” says the CEO of Monument.
The challenger aims to launch in the first quarter of 2021.
Varo Bank will serve as the firm’s new banking arm, with Varo Money becoming its holding company.
Simba is built for those “who came to the US seeking financial freedom”.
Bank admits that the pandemic casts “significant doubt” on its ability to continue operations.
AMTD is yet to land a licence to launch the bank.
The challenger is offering users a numberless debit card.
“All the banks see is risk,” Slice’s CEO Rajan Bajaj tells FinTech Futures.
It is currently applying for a banking licence with the Financial Conduct Authority (FCA).
The challenger said it had acquired more than 300,000 users.
The bank is set to expand to Burkina Faso, Mali and Senegal.
Bueno promises a range of services to manage second homes.
The Reserve is built green “from inception”.
The bank currently employees a team of 56.
The government sold its original green bank in 2017.
Monese customers are able to use Paysafecash with their accounts.
SME challenger picks Wiserfunding to support its risk grading.
Viva Wallet bought a Greek neobank back in January.
Richard Lees will join Metro after four years at his current employer.
The start-up is applying for a UK banking licence.
In December 2019, the digital challenger landed a specialised bank licence.
The $4.3 billion fintech wants to take another crack at banking.
Unlocking the benefits of open banking.
The fintech has raised £10 million to date.
According to a Companies House filing, his termination occurred on 17 June 2020.
The start-up is launching its new service ‘Creator Cash’ this month.
The fintech was founded by ex-UniCredit execs.
“We’ve started a bit of a fintech revolution here,” says MSB’s CDO.
Rewards rest on a point-based system.
The fintech deal follows FTA talks between the UK, Australia and New Zealand.
FMS.next and RiskAvert deployed at SME challenger bank.
The deal is thought be be around €100 million.
Lanistar landed a $2.5 million seed investment in March.
The funding round was led by Paris-based BlackFin Capital Partners.
The start-up is looking to raise £5.5 million.
The start-up is planning to set up shop in Los Angeles.
The app and smart card launched more than two weeks ago.
The bank has also overhauled its app for adults.