Virtual Banking
Brazilian Challenger Bank Nubank Makes Push for IPO
Brazilian challenger bank Nubank has filed for its initial public offering (IPO) and is expected to go public in the U.S. by early 2022, according to Forbes. Nubank had filed both with the Securities and Exchange Commission (SEC) in the
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Swiss Residents Show Reluctance to Neobanks, Non-Traditional Banking Providers
Despite being ranked this year’s most-innovative economy and boasting a dynamic fintech ecosystem, Switzerland’s residents are still reluctant to joining neobanks and non-traditional banking providers, indicating that digital challengers still have a long way to go before dethroning incumbent banks.
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Newly Minted Unicorn Zopa Raises £220 Million Led by Softbank Ahead of IPO
Zopa, London-based peer-to-peer lender and digital bank, announced its latest fundraise of £220 million led by Softbank Vision Fund 2 ahead of plans for an initial public offering (IPO) by late 2022 in London. CNBC reports that Zopa is now
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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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