British neobank Monzo was sending customers to its backup bank Wednesday (Aug. 19) morning as it dealt with an outage. “We’ve identified some issues affecting...
Monzo’s chairman is departing the British neobank months after shareholders lobbied for his removal. Gary Hoffman, who joined Monzo in 2019, will leave his post...
Revolut’s expansion plans now reportedly include South Africa as interest there in the FinTech grows. The British company plans to launch in Africa’s largest economy...
U.K. neobank Plasma has launched what it calls its flagship stablecoin banking product. Plasma One, announced Wednesday (June 17), is part of what the company...
U.K. neobank Monzo has dramatically increased its spending on an effort to woo new customers. The company paid out 29.5 million pounds ($39.7 million) on its “refer...
Neobank Fasset has raised $51 million to expand its stablecoin-centric banking platform to emerging markets. The company said its Series B round, announced Thursday (May...
Most banks pay OpenAI or Anthropic for access to artificial intelligence. Revolut built its own. The London-based neobank trained a proprietary model called PRAGMA on...
Neobanks have spent the better part of a decade refining digital-first models and then attempting to transplant them into new markets—with at least some strategy...
Neobanks have spent years proving they could attract users. And now, there are indications that scale is translating into durable banking economics. Revolut’s latest results...