challenger banks

UK Lender B-North Looks For £1.75M In Funding

UK Lender B-North Looks For £1.75M In Funding
UK Lender B-North Looks For £1.75M In Funding
December 08, 2019  |  B2B Payments

UK-based business lender B-North is looking to raise £1,750,000 ($2.3 million) through an equity crowdfunding campaign on Crowdcube, offering 10.94 percent in equity at a...

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Chime Raises $500M On $5.8B Valuation
Chime Raises $500M On $5.8B Valuation
December 05, 2019  |  Banking

Silicon Valley-based Chime has raised $500 million in a Series E funding round that sent its valuation soaring to $5.8 billion, CNBC reported on Thursday...

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The Venture Investing Road Less Traveled: Funding Enablers, Not Challengers
The Venture Investing Road Less Traveled: Funding Enablers, Not Challengers
December 02, 2019  |  Investments

High-flying tech unicorns have been brought to earth. Venture capital dollars chase Neobanks and alternative credit companies.  Commerce Ventures Founder Dan Rosen tells Karen Webster that...

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Teen-Focused Digital Bank Pixpay Raises $3.4M
Teen-Focused Digital Bank Pixpay Raises $3.4M
December 01, 2019  |  Payment Methods

French startup Pixpay is the first challenger bank to cater to teens, offering a debit Mastercard for cashless payments, news outlets reported on Friday (Nov....

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Does ‘Google Checking’ Foreshadow Big Tech, FinTech Payments Changes?
Does ‘Google Checking’ Foreshadow Big Tech, FinTech Payments Changes?
November 25, 2019  |  Payments Innovation

Banks and credit unions are certainly not on their way out, even as they face more pressure from challenger banks, FinTechs and Big Tech in...

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Aspiration Bank Struggles To Raise More Capital
Aspiration Bank Struggles To Raise More Capital
November 21, 2019  |  Fintech Investments

A digital bank that raised $110 million from investors — including celebrities Leonardo DiCaprio and Orlando Bloom — is suddenly struggling to find additional funding,...

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How ‘Ghosts’ And Visuals Build Better Commerce Ecosystems
How ‘Ghosts’ And Visuals Build Better Commerce Ecosystems
November 12, 2019  |  Today In Data

“Ghost” kitchens are changing the food delivery game as shopping embraces better visual technology. Challenger banks have a hard, but increasingly clear, path to success....

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The Challenges Challenger Banks Must Overcome To Compete
The Challenges Challenger Banks Must Overcome To Compete
November 11, 2019  |  Banking

Challenger banks — financial firms offering something much like banking services, and looking to compete with old-school banks — are a new idea. The basic...

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