SBI Group, owner of SoftBank is investing into the mobile-first bank; SBI Group will also get a seat on Moven's board and the companies plan to form a joint venture in Japan; Moven is also splitting its business in two; one side is the software provider that powers digital banking software and the other is the neobank, MovenBank; Moven also announced that it is in the process of purchasing a US bank. Source
Volt, a challenger bank in Australia has raised $70 million in a Series C round; they have now raised $100...
The company has tripled its revenue and added new products like the Varo Advance personal credit advance announced in October last year.
The product lets users get small amounts of credit, starting from a feeless $20.
The neobank space has really heated up the last couple of years. The leaders are getting great traction with millions...
Global neobanks have focused on the regional ecosystem as the fintech sector gained decent size and scale in the past few years.
An article in Forbes earlier this month about the traction of digital banks caught my attention. A survey of U.S....
In episode two of PitchIt: the fintech startups podcast we talk with Daylight Co-Founder and Chief of Staff Billie Simmons....
The firm has helped members save upwards of $7 billion to date through retirement savings, investing, and rainy day fund planning.
Credijusto, a leading Mexican small business fintech paid $50 million to buy Banco Finterra in June. Co-CEO David Poritz wrapped day one of the LendIt LatAm keynote section, discussing what it was like as the only neobank holding a banking license in Mexico.
Many neobank unicorns' attempts at international expansion have been met with varying results. Anne Boden believes B2B is the key.