Virtual Banking
Neobank Upgrade Closes US$105 Million Series E Round, Valued at US$3.325 Billion
Upgrade, a US-based fintech company that offers affordable and responsible credit to mainstream consumers, announced that it closed a US$105 million Series E round at a US$3.325 billion pre-money valuation. The round was led by Koch Disruptive Technologies (KDT) with
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Nubank Leads US$44 Million Investment Round in Indian Neobank Jupiter
Brazilian challenger bank Nubank announced that it led a US$44 million investment round in Jupiter, an Indian digital bank which launched its beta app about a month ago. This marks the first investment that Nubank has made into another company.
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Australian Digital Bank Alex Goes Live on Temenos
Swiss banking software company Temenos announced that Australia’s newest digital bank, Alex, has gone live on The Temenos Banking Cloud. Temenos technology powers Alex’s launch as a licensed bank, following the acquisition of its Restricted-Authorized Deposit-Taking Institution (RADI) license from
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Neobank Mercury Bags US$120 Million, Looks To Crowdfund US$5 Million More
Mercury, a San Francisco-based fintech startup which offers banking services for startups, announced that it has raised US$120 million during its Series B funding round and is now valued at US$1.62 billion. The round was led by Coatue, with participation
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Top 12 Global Neobanking Influencers in 2021
From retail and telecommunications to construction and transport, numerous sectors are currently experiencing disruption and digital transformation. This trend has been further accelerated by the global pandemic that forced people to adopt digital services in all spheres of life. In
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Report: 53% of Global Population Set To Embrace Digital Banking By 2026
With the pandemic accelerating digital adoption across the globe, the popularity of digital banking has soared through the roof. Around 35% of customers adopted online banking, with 30% specifically increasing their use of mobile banking, since COVID-19 struck last year. According
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Latin America Sees Booming Digital Banking Sector with Brazil at the Lead
Over the last few years, digital banking in Latin America (Latam) has experienced extraordinary growth on the back of changing customer needs, expanding technological penetration and rapidly evolving regulatory standards. Since 2017, the number of digital banks has more than
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Pollen Street Capital Snaps Up 10% Stakes in Dutch Neobank Bunq for €193 Million
British private equity firm Pollen Street Capital has acquired 10% stakes in Dutch challenger bank Bunq for €193 million, raising its valuation to €1.6 billion. The investment round is pending regulatory approval by De Nederlandsche Bank. With this capital injection,
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JPMorgan Chase Set to Snap up 40% Stake in Brazilian Digital Bank C6
JPMorgan Chase has entered into an agreement for a 40% ownership stake in Brazilian digital bank C6 Bank for an undisclosed sum. Launched in 2019, C6 Bank has reportedly amassed more than 7 million customers on its digital platform. C6
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YAPEAL Integrates Wise Platform to Bring Cheaper, Faster Remittance Services
YAPEAL, developer of a blockchain-inspired digital-to-the-core and cloud-native banking platform for the Swiss retail banking market, has integrated the Wise platform to bring cheaper, faster international payments to its customers. The firm’s customers will now be able to access Wise’s
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