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Virtual Banking

Postfinance and Swissquote Set to Officially Kick Off Their Digital Banking App Yuh

PostFinance, the financial services unit of Swiss Post, has partnered with Swissquote will be officially launching their collaborative digital banking app Yuh to the public on 11 May 2021. The project is the result of the joint venture between the

Funding Germany Virtual Banking

German Challenger Bank Vivid Money Secures EUR 60 Million for European Expansion

Berlin-based mobile banking app Vivid Money announced an investment of EUR 60 million, bringing the company’s valuation to EUR 360 million. The Series B round was led by Greenoaks with participation from existing investor Ribbit Capital. The new investment will

Funding USA Virtual Banking

Current Raises US$220 Million Funding, Triples Valuation to US$2.2 Billion

US-based challenger bank Current announced that it has raised $220 million in Series D funding and tripled its valuation to $2.2 billion in just five months. Current has now raised over $400 million in total funding. Andreessen Horowitz led the

Virtual Banking

BLKB Starts Digital Bank Project “Radicant”

Swiss cantonal bank Basellandschaftliche Kantonalbank (BLKB) in partnership with with Dr. Anders Bally, the founder of venture firm Bally Capital Partners, announced that they have launched Radicant, a Zurich-based digital financial services provider that operates throughout Switzerland. BLKB said in

Virtual Banking

Neobank, Challenger Bank Maps Showcase Boom in Digital Banking

Since 2010, more than 310 neobanks have launched around the world, attracting an estimated 39 million users globally. Out of the 300+ ventures to have ever launched, 256 were live as of late-2020 with nearly half (111) located in Europe,

Virtual Banking

Alpian Secures USD 18 Million Series B Funding

The digital financial services company Alpian, incubated by the Swiss banking group REYL, today announced a successful Series B funding worth around USD18 million (CHF16.9 million). The fundraising follows the Series A round in 2020 in which CHF12.2 million was

London Virtual Banking

33% of European Fintechs Face Regulatory Intervention Due to Partner Banks

ClearBank, UK’s cloud-based clearing bank, has released a report that revealed 33% of European fintechs have faced regulatory intervention due to agency banking resiliency failures. Agency banking is when a fintech offers its customers a service that is provided and

Funding Germany Virtual Banking

Kontist: 25 Millionen Euro für Expansion von Echtzeit-Steuerservice für Selbständige

Kontist, Deutschlands erste Neo-Bank mit Fokus auf Freelancern und Selbstständigen, gibt eine weitere Finanzierungsrunde bekannt. Im Rahmen einer Series-B-Runde erhält Kontist von seinen Investoren insgesamt 25 Millionen Euro, mit denen der neue Geschäftsbereich Steuerservice weiter ausgebaut werden soll. Angeführt wird

Virtual Banking

Neobanks Come for Kids and Teens

Neobanks and digital banks have set new standards in customer experience and expectations, pushing incumbents to get out of their comfort zone and innovate. After accumulating an estimated 39 million users worldwide, neobanks are now coming after the next generation,

Funding London Virtual Banking

UK Digital Bank Starling Raises £272 Million Funding, Secures Valuation of £1.1 Billion

UK digital bank Starling announced a £272 million (US$ 376 million) Series D funding round led by Fidelity Management & Research Company. The new investment values the company at £1.1 billion (US$ 1.5 billion) pre-money. The funding will be deployed