Tagged: challenger

As of May, Fintechs Slashed Over 2000 Jobs but More are in the Queue

The economy is sinking, interest rates are rising and gas at the pump is around $6 a gallon. Following years of a bull market, the US has encountered a bear market with expectations the pain is just getting started. While the signs of looming economic… Read More

Challenger OakNorth Bank Provides Loan for Major Development

OakNorth Bank, launched in 2015 aiming to provide access to capital for the “missing middle,”  has provided a £900K facility to redevelop an existing major mixed-use scheme in Rock, Cornwall being developed by SWPG Rock Limited. Founded in May 2020, SWPG Rock Limited, is owned… Read More

Overfunding: Spanish Fintech Challenger bnc10’s Crowdcube Campaign Quickly Secures £300,000 Funding Target

bnc10, a new fintech challenger based in Barcelona, Spain, has successfully secured its initial £300,000 equity crowdfunding target through its Crowdcube campaign, which has attracted more than 225 Crowdcube investors. Founded in 2018 and launching earlier this year, bnc10 stated it has grown rapidly, hitting… Read More

Spain’s Neobank Rebellion Becomes First Challenger in the Country to Receive Banking License and Offer IBANs

Spanish neobank Rebellion has reportedly become the first challenger in the nation to acquire a banking license and provide International Bank Account Number (IBANs), according to a report from La Vanguardia.  The Fintech company is planning to become a neobank that “best speaks the language… Read More

N26 Update: Challenger Digital Bank Now Has 500,000 Customers (Infographic)

Challenger digital bank, N26, announced this week it now has 500,000 customers. Founded in 2013 by Valentin Stalf and Maximilian Tayenthal, N26 claims to be Europe’s first mobile bank with a full European banking license and it has redesigned banking for the smartphone by making it… Read More

Zopa’s Jaidev Janardana: Here’s Why We’re Building a Bank

Just a few months after announcing Zopa is creating the next generation challenger bank at AltFi Europe, CEO of the peer-to-peer lending platform, Jaidev Janaradana, revealed more details about the bank’s creation at the AltFi Europe Summit last month. While sharing details about the bank progress,… Read More

Zopa Will Launch Challenger Bank to Compliment P2P Lending

Zopa, the grande dame of peer to peer lending, has revealed its intent to launch a “next generation” challenger bank. Zopa CEO Jaidev Janardana stated they have created a scalable, profitable business yet they had only begun; “Launching a bank, to sit alongside our existing peer-to-peer… Read More

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