Funding roundup: New Delhi-based Pine Labs nabs a $600 million investment round
This week, some of the more notable funding rounds included sizeable capital raises for a New Delhi fintech and two ...
Tag: challenger banks
Despite surge in new users, challenger banks still face profitability issues
Challenger banks have reshaped the customer experience across financial services, drawing in consumers and investors alike, but that might not ...
Weekly Wrap: Coronavirus dislocation continues to rock fintech
In a week that saw the coronavirus pandemic amplify in the United States, the fintech sector continued to weather economic ...
Grasshopper Bank advances inclusion, stamps out ‘pattern matching’
New York City-based Grasshopper Bank is geared toward startups, with a focus on pain points for founders. Grasshopper opened in ...
Temenos to help US clients launch digital banks in 90 days
The race to create a challenger bank just got more competitive with a ready-made solution from core provider Temenos that ...
‘If we can’t automate it, we don’t build it’: Wealthfront’s Andy Rachleff on ‘self-driving money’
In 2019, a chorus of digital investment platforms branched out into checking and savings accounts. Throughout the year, Wealthfront continued ...
Trust in UK startup banks growing among all age categories, data shows
The notion that customers don’t trust non-legacy banking brands is starting to fade, at least in the U.K. A study ...
Canadian neobank Koho to launch credit and savings products in 2020
Koho, a Toronto-based digital banking startup, is on track to expand its product suite to include credit and savings products ...
MoneyLion bets it can scale for ‘exponential growth’
MoneyLion is looking to go big. As part of that effort, the personal finance, banking and investment platform has named ...
In response to challengers, Green Dot is growing its platform business
With digital-only banks picking up millions of customers, Green Dot is focusing on the diversification of its offerings to clients. ...
