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The Evolution of Specialised Lending: Navigating Complexity and AI Integration with Loan IQ
The corporate lending landscape is experiencing a structural transformation driven by the exponential growth of […]
Monzo Plus has attracted about 50.000 users since its launch last month
The British challenger Monzo bank has relaunched its premium ‘Monzo Plus’ account with a £5/month fee. And their customers embraced it.
„Although we have about 4 million users, we spent almost nothing on marketing, “ says Ahmed F. Karslı from Papara
Ahmed F. Karslı is the founder and CEO of Papara. He got his Bachelor of Law and is currently pursuing his LLM at Istanbul University. Ahmed is a serial entrepreneur, that build his first company at the age of 17.
Founders of N26 filed a restraining order against the Works Council and are facing a serious staff unrest
Max Tayenthal and Valentin Stalf, the founders of the German challenger N26, have obtained a temporary injunction to prevent the election of the works council.
Tinkoff launches charity cashback scheme
Russian neobank Tinkoff announced the launch of its new charitable scheme called 'Cashback to Give Back'.
Revolut losses tripled to £107m in 2019
Revolut reported a pre-tax loss of £107m for the year 2019 to December. This means the company's losses more than tripled to a £33m pound loss in the 2018.
Monzo capital requirement was raised by the Bank of England
Monzo bank is now obliged to have a capital worth of 13.6 percent of its risk-weighted assets to be protected against potential losses.
Spanish challenger Bnext extends Series A funding round by €11 million
Spain's digital banking app Bnext has raised €11 million as an extension to a €22 million Series A financing round they managed to secure last October.
Monzo bank future in doubt as losses double
Monzo bank’s losses jumped from £47.2m to £113.8m amid a hiring spree, marketing and US expansion.
Revolut's Richard Davies moves to Allica Bank as the new CEO
Allica Bank has announced the appointment of Richard Davies as its new chief executive.
Lunar launches Denmark's first metal card as part of a 'Pro' premium account
Nordic challenger bank Lunar that has offices across Denmark, Sweden, and Norway, has announced the launch of their new premium 'Pro' account that comes with a metal card.
Monzo is finally launching its premium 'Plus' subscription account
British challenger Monzo bank has relaunched its premium 'Monzo Plus' account with a £5/month fee.
Peter Trebelev, Head of Growth at Rizq: "The market is so saturated, that only niche propositions have the potential to survive."
Rizq is a UK-based Islamic digital challenger bank and it is preparing for its launch this summer. The challenger bank aims to solve mainstream banking issues for Muslims in the West, which is in line with their values and lifestyle.
Monese partners with Paysafe to enhance access to cash services
Paysafecash is Paysafe’s eCash solution that can now be used by millions of consumers to top up Monese accounts directly.
Monzo's new open banking feature is called 'easy bank transfer'
Monzo bank has been recently working on a simpler way to move money into the Monzo account from other major UK banks.
Monzo’s co-founder Tom Blomfield steps down from the board
With this move, Blomfield takes part in the process of clearing the path for the new CEO TS Anil and moving into the role of President.
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