Challenger Banks news and trends

Zopa Raises $106 Million as It Preps Bank Account Launch
Investments // May 14, 2025

British digital bank Zopa says it has raised 80 million pounds ($106 million) in new capital. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily...

Revolut Goes On Hiring Spree to Prep ‘Mobilization’ for UK Banking
Digital-First Banking // March 13, 2025

Revolut is reportedly hiring 100 new staffers as it prepares to expand its U.K. banking business. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily...

Nubank Helps Digital Lender Tyme Reach $1.5 Billion Valuation
Investments // December 17, 2024

South Africa-based digital bank Tyme has achieved unicorn status with the help of fellow FinTech Nubank. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today....

Starling Fined $38 Million for ‘Shockingly Lax’ Crime Controls
Bank Regulation // October 02, 2024

Starling Bank has been fined 29 million pounds ($38 million) for failing to implement proper financial crime controls. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our...

Interviews & Exclusives
Banking License Puts Profitability Within Reach for UAE Neobanks

October 03, 2022
If the Middle East was late to the neobank party, the United Arab Emirates, at least, is making strides toward the future of digital banking. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, […]

Crypto Capabilities Bring Engagement, Revenue and New Users to Neobanks

June 29, 2022
By the end of the year, more than half of the 10 largest neobanks will be offering clients cryptocurrency products. Get the Full Story Complete the form to unlock this...

Chetwood CEO Calls Open Banking ‘Disappointing,’ Regulation Key to Neobank Success

March 29, 2022
The U.K. is widely considered a leader in the implementation of open banking, the regulation mandated by the European Union’s Revised Payment Services Directive (PSD2) that compels retail banks in...

Neobank Fills Primary Account Need for EU’s ‘Credit Invisibles’

February 03, 2022
For a very large population of customers in the United Kingdom who are ‘credit invisible’ — meaning they have little or no credit history with credit agencies — accessing credit...

Quick Reads
Metro Bank Gets Takeover Bid From PE Firm Pollen Street

June 15, 2025
The U.K.’s Metro Bank has reportedly been approached about a possible private equity takeover. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, you agree to receive marketing […]

Zopa Raises $106 Million as It Preps Bank Account Launch

May 14, 2025
British digital bank Zopa says it has raised 80 million pounds ($106 million) in new capital. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Revolut Goes On Hiring Spree to Prep ‘Mobilization’ for UK Banking

March 13, 2025
Revolut is reportedly hiring 100 new staffers as it prepares to expand its U.K. banking business. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Nubank Helps Digital Lender Tyme Reach $1.5 Billion Valuation

December 17, 2024
South Africa-based digital bank Tyme has achieved unicorn status with the help of fellow FinTech Nubank. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...