Virtual Banking
JPMorgan Chase to Acquire Robo-Advisor Nutmeg Ahead of U.K. Digibank Launch
JPMorgan Chase announced it has entered into an agreement to acquire U.K.’s digital wealth manager Nutmeg Saving and Investment Limited, subject to regulatory approval. The acquisition will complement the digital bank that is planned for launch in the U.K. later
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Mexican Fintech Credijusto Acquires Banco Finterra for Under US$50 Million
Credijusto, a Mexican lending platform for small businesses, announced the acquisition of a local bank Banco Finterra which specialises in financing solutions for small businesses and the agriculture sector. According to Reuters, Credijusto acquired the regulated bank in a deal
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Nubank Bags US$ 750 Million in Two Series G Extensions, Now Valued at US$30 Billion
Brazilian challenger bank Nubank announced that it has raised a total of US$ 750 million during two extensions of its Series G funding round, raising the round to US$1.15 billion. During the first extension, the challenger bank secured US$500 million
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Digital Banking: Release a New Feature in the Swiss Market in Half the Time
The Swiss banking market is among the most traditional in Europe. With a number of native traditional, private banks and a few European challengers attempting to penetrate the market, it stands to say that the digital banking landscape is evolving
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Swiss Neobank Neon Bags CHF 7 Million, Offers Equity Crowdfunding to Customers
The Zurich-based challenger bank neon announced that it has received funding of 7 million CHF from its pre-existing investors. Thsi includes TX Group, BackBone Ventures, QoQa Services SA, the Helvetia Venture Fund, the Schwyzer Kantonalbank’s innovation foundation, as well as
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Nach nur drei Wochen: Yuh knackt die 10’000er Kundenmarke
Am 11. Mai 2021 ging die neue digitale Finanz-App Yuh im Apple und Google Play Store live. Heute wurde bereits die 10’000er Kundenmarke geknackt. Die angekündigte Revolution kommt in der Schweiz sehr gut an, wie die eindrücklichen Zahlen nach nur
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Neobank for Freelancers Lili Secures US$55 Million in Series B Fundraise
Lili, a mobile banking service for freelancers in the U.S., announced a US$55 million Series B investment led by Group 11, bringing total funding to US$80 million. Other notable investors included Target Global and AltaIR with previous investors re-upping. The
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Die neue digitale Finanz-App von Swissquote und PostFinance ist da
Heute startet eine neue Zeitrechnung in der Schweizer Mobile-Banking-Geschichte. An einem digitalen Launch-Event wurde die neue Digital-Finance-App von Swissquote und PostFinance enthüllt. Ab sofort steht Yuh im Apple App Store und im Google Play Store zum Download zur Verfügung. Wer
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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
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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
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