neobank

A neobank is a type of direct bank that is 100% digital and reaches customers on mobile apps and personal computer platforms only. Neobanks do not operate traditional physical branch networks.

(source: en.wikipedia.org)

Millennial-Focused Digital Bank Empower Finance Raises $20M
Millennial-Focused Digital Bank Empower Finance Raises $20M
March 06, 2020  |  Investments

San Francisco-based Empower Finance, a mobile banking app aimed at helping millennials save wealth, has raised $20 million in a Series A funding round led...

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French FinTech Closes $4M For New Neobank
French FinTech Closes $4M For New Neobank
February 18, 2020  |  B2B Payments

FinTech startup EasyEuro — based in both Paris, France and Shenzhen, China — has closed a $4 million pre-funding deal to launch a Neobank (a...

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Procurement, Digital Banking See VC Funding Rounds
Procurement, Digital Banking See VC Funding Rounds
February 14, 2020  |  B2B Payments

Venture capital funding focused on Software-as-a-Service tied to procurement and purchasing, as well as improving cash flow for companies as they streamline payments and supply...

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NCR: How Platforms Enable Banks To Be ‘Digital-First’ Fast
NCR: How Platforms Enable Banks To Be ‘Digital-First’ Fast
February 13, 2020  |  Digital Banking

To bring digital transformation to banks, and to help them bring their assets to the “digital-first” consumer, look to the platform. In an interview with...

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N26 Reaches 250K Customers Since US Launch
N26 Reaches 250K Customers Since US Launch
January 27, 2020  |  Digital Banking

N26, a mobile bank and a subsidiary of one of Europe’s fastest-growing financial startups, has announced that after five months of operation in the U.S.,...

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German Neobank N26 Sees 40 Pct. Customer Increase Since Summer
German Neobank N26 Sees 40 Pct. Customer Increase Since Summer
January 24, 2020  |  Digital Banking

German smartphone bank N26, valued at $3.5 billion by investors, now has 5 million customers, co-founder Valentin Stalf said. Berlin’s most valuable FinTech startup grew...

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B2B Neobank Qonto Gets $115M In Series C Round
B2B Neobank Qonto Gets $115M In Series C Round
January 21, 2020  |  B2B Payments

Qonto, a French startup Neobank that caters to B2B clients, has raised $115 million in a Series C funding round led by DST Global and...

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Ex-Barclays Head To Launch Crypto-Friendly Digital Bank
Ex-Barclays Head To Launch Crypto-Friendly Digital Bank
January 02, 2020  |  Cryptocurrency

The former head of technology at Barclays, Mark Hipperson, is launching a digital bank called Ziglu that will serve both crypto and fiat accounts, according...

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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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