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Virtual Banking

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

Funding Virtual Banking

Israel Expat Neobank Rewire Raises $20 Million in Series B Funding Round

Rewire, a Tel Aviv-based neobank for migrants, announced a Series B funding round of $20 million led by global crowdfunding platform OurCrowd and also included a line of credit from an unnamed bank. Rewire said that the current round of

Germany Virtual Banking

Klarna Launches Its First in-App Banking Services in Germany

Klarna, a Swedish global payment and shopping service, announced that it is launching consumer bank accounts in Germany. Klarna said that the launch marks a first for the company and will allow customers to easily track, categorise and analyse all

USA Virtual Banking

Over Half of US Consumers Would Consider Switching to Digital-Only Banks

A new survey conducted by Juniper Research has found that more than 50% of US consumers wanting to change banks would consider a digital-only bank, with the same finding reflected in a similar UK survey. However, the findings showed that

Virtual Banking

An Overview of South America’s Booming Neobanking Sector

South America has seen an exceptionally dynamic evolution of its neobanking landscape, with now more than 30 live neobanks and digital banks that serve over 50 million customers out of the region’s 430 million+ population (+11%), data from Dutch fintech

Virtual Banking

Consumers’ Interest in Neobanks Cools Down

Though neobanks have continued to gain market share over the past years, consumers are still reluctant to work with these as their main accounts, according to an Accenture research. The 2020 Accenture Global Banking Consumer Survey, which polled more than

Mexico Virtual Banking

What 2021 Holds for Fintechs and Challenger Banks in Mexico

In 2021 we will harvest the seeds of the accelerated adoption and development in technology that 2020 forced upon us. The fintech industry took a leap forward with the user base growing significantly. This will lead to more demands for

Funding Virtual Banking

ERP Anbieter Abacus investiert in YAPEAL

Erstmals beteiligt sich mit der Ostschweizer Abacus Research eine führende ERP-Herstellerin an einem Challenger im Finanzumfeld. Sie investiert mehrere Millionen Franken in das Zürcher Fintech-Unternehmen YAPEAL. Abacus Research geht eine strategische Partnerschaft mit YAPEAL ein. Die ERP-Herstellerin investiert einen Betrag

Virtual Banking

Top 20 Neobanks of 2020

Fintech intelligence startup WhiteSight has released its selection of 2020’s top 20 neobanks based on growth and valuation. The list features 20 independent digital banking companies from Europe as well as North and South America which made notable strides last

Virtual Banking

Swiss Challenger Bank Alpian Taps Temenos to Launch Its Digibank

Swiss challenger bank Alpian has selected Temenos, a banking software company, to power its digital private banking and wealth management services. The banking software company will be providing Alpian its core banking software Temenos Transact as well as Temenos Payments