It has been a busy first quarter of 2021 for SoFi. The new year kicked off with the announcement that...
UK based Digital Bank Monzo is planning a crowdfunding round to give customers a greater share of ownership; the round will look to raise between $13mn and $40mn; while they will use the round for hiring it is meant to provide customers “a genuine sense of ownership”; the crowdfunding round follows the recent $94mn private equity backed fundraising. Source.
Bill Harris is the former CEO of PayPal and Intuit and is also the founder and CEO of Personal Capital;...
The company announced the news in an earnings call; they will begin testing products this year and have invested $53.3 million developing the new bank; Virgin Money is said to have signed an agreement with 10x Future Technologies to develop the platform. Source
Leading UK digital bank Monzo released its annual report yesterday and the numbers were not pretty; the company reported that...
The last day of the year is normally pretty quiet as far as news goes but LendingClub had two major...
Barclaycard is rebranding as Barclays in the US and launching a digital only bank in 2018; they have been testing the market since last year and plan to fully launch their offering next year; Barclays is more of a household name in the UK but has been offering credit card services under the Barclaycard name in the US. Source.
Just a month after receiving their long anticipated banking license, digital bank Revolut recently experienced an app failure that left...
Zopa was granted a preliminary banking license late last year but they are yet to launch their new bank; speaking...
Popular digital banking app Dave has confirmed it suffered a security breach after a hacker published details of 7.5 million...