Virtual Banking

Neobank N26 Secures US$900 Million Series E, Now Valued at US$9 Billion

German neobank N26 announced a record-breaking US$900+ million Series E funding round which increases the company’s valuation to more than US$9 billion. The round was led by renowned New York-based tech investors Third Point Ventures and Coatue Management, and joined

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Revolut Bank Continues Rollout Across Europe; Launches in Austria

UK digital banking unicorn Revolut has started operating as a bank in Austria, marking the 13th country in which it is launching as a licensed specialized bank. Revolut Bank secured a specialized banking license from the Bank of Lithuania in

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Digital Asset Manager CoinShares Snaps up 9% Stake in FlowBank for US$11.8 Million

London-based digital asset manager CoinShares has acquired a 9.02% stake in Swiss online bank FlowBank for US$11.85 million. With this move, FlowBank’s clients can invest in CoinShares’ crypto ETPs. From next year onwards, customers will be able to directly buy,

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YAPEAL lanciert das erste digitale Firmenkunden Konto in der Schweiz

YAPEAL bietet neu vollumfänglich digitalisierte Dienstleistungen für Firmenkunden in der Schweiz an. Das Schweizer Firmenkundengeschäft der Banken ist in vielen Bereichen weit davon entfernt, die digitalen Möglichkeiten, welche den Unternehmen einen Mehrwert bieten würden, zu nutzen und den Kunden anzubieten.

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MoneyLion to Offer Crypto Investment Ahead of SPAC Merger

US-based neobank MoneyLion announced the launch of its new cryptocurrency capabilities, enabling customers to buy and sell digital currencies within its app. MoneyLion said that eligible customers will initially be able to buy and sell Bitcoin and Ethereum, as well

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Neobank Varo Raises US$510 Million, Now Valued at US$2.5 Billion

US-based Neobank Varo Bank announced that it closed a US$510 million oversubscribed Series E funding round, valuing it at US$2.5 billion. The round was led by new investor Lone Pine Capital, who was joined by dozens of additional new investors

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MoneyLion’s SPAC Merger to Be Finalised, Soon to Be Listed on NYSE

US-based neobank MoneyLion’s merger with a special purpose acquisition company (SPAC) Fusion Acquisition Corp. to become a publicly listed company is coming to a close. A special meeting of Fusion Acquisition Corp. shareholders will be held on 21 September 2021

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5 Reasons Why Apple Could Be Your Next Bank

As more big tech companies want to grow and take over the financial tech space, Apple already offers few financial services like Apple Wallet, Apple Pay and Apple Card. However, it’s reasonable to believe that Apple is interested in taking

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Yapeal Introduces Youth Banking Service Yapini

Swiss digital challenger bank Yapeal recently released a new digital banking service for children and youth. Called Yapini, the offering is aimed at enabling money management services for young customers. Yapini comes with savings, digital payments and financial security features,

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Neobank Chime Bags US$750 Million, Fintech Expert Questions US$25 Billion Valuation

San Francisco-based challenger bank Chime Financial announced that it has secured a funding of US$750 million, pushing its valuation to US$25 billion ahead of a planned initial public offering (IPO) early next year. The funding round was led by new

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