A Revolut investor reportedly believes the FinTech’s value has climbed 45% since last year. An investment trust overseen by Schroders has upped its stake in the British company, from 7.88 million pounds ($9.75 million) as of Dec. 31, from 5.44 million pounds ($6.75 million) a year earlier, Bloomberg News reported Monday...
Keytom, a neobank centered around digital assets, has announced its launch. The Dubai-based company said its goal is to introduce “a new era of financial management by organizing all digital assets in one convenient location,” according to a Tuesday (April 9) news release, targeting people...
UK digital bank Monzo has been valued at $5 billion following a $430 million funding round. The round was led by Alphabet’s CapitalG group as well as Google Ventures, HongShan Capital and existing investors Passion Capital and Tencent, Monzo said in a news release provided to PYMNTS Tuesday (Mar. 5) “The new capital will be...
Brazilian neobank Nubank is predicting it will someday become Latin America’s largest financial service company. “I think that will happen eventually,” CEO David Vélez told the Financial Times (FT) Tuesday (Feb. 6), referring to the company’s ambitions to lead its industry in terms of customer numbers. “We’re now in the...
January 24, 2024
Picture this: a 28-year-old $400,000 in debt who has never held a job. Would you give them a loan? Chances are, probably not. And that’s the thought taken by most banks, too. But, just like most banks, you probably weren’t picturing a doctor — or someone who might be one in a few years. And […]
December 22, 2023
As the payments industry gears up for 2024, exciting transformations are on the horizon. Many, in fact, are already here. And for those transformations that are just around the corner,...
December 13, 2023
Beyond the card networks, among those that may feel the squeeze should cross-border interchange fees see new caps in the United Kingdom are neobanks. As reported Wednesday (Dec. 13), the...
October 31, 2023
They have different business models — but often compete for the same customers. And for banks and neobanks, there may be one commonality: The challenge of pushing back against the...
April 15, 2024
British digital bank Zopa is profitable and getting closer to going public. But CEO Jaidev Janardana told the Financial Times (FT) Monday (April 15) that while the company was ready for an initial public offering (IPO), the London markets might feel differently. “I’d be surprised if there are U.K. FinTech IPOs this year,” he said. According to the report, Janardana […]
April 15, 2024
A Revolut investor reportedly believes the FinTech’s value has climbed 45% since last year. An investment trust overseen by Schroders has upped its stake in the British company, from 7.88 million pounds ($9.75 million) as of...
April 09, 2024
Keytom, a neobank centered around digital assets, has announced its launch. The Dubai-based company said its goal is to introduce “a new era of financial management by organizing all digital...
March 05, 2024
UK digital bank Monzo has been valued at $5 billion following a $430 million funding round. The round was led by Alphabet’s CapitalG group as well as Google Ventures, HongShan Capital and existing investors Passion Capital and Tencent, Monzo said...
