Monzo bank is a key market player in the U.K. with more than 4 million customers, now it has confirmed it has closed £60 million in top-up funding. But the paper value of the challenger bank now dropped from £2.0 billion to £1.25 billion.

Starling Bank is a UK-based challenger bank founded by Anne Boden and it has just raised another £40 million in the latest funding round from its existing investors.

Monzo bank seeks a new round of funding that would value the business at £1.25bn. That would mean a 40% drop from its most recent valuation of £2bn last year.

Bunq has become one of Europe’s leading challenger banks without raising a single cent.

Alpian, a Swiss neobank launched by REYL, announced that it has secured CHF 12.2 million (around $12.5) in a Series A funding round.

N26 extended its Series D funding round to $570M, the company is now valued at $3.5B.

The $280 million was raised at Series F funding. This round was led by Sequoia Capital.

CaixaBank and Global Payments are building on a series of partnerships to build a joint prepaid venture in Europe.

Blossom Capital’s ‘Cultivate’ is an angel program seeking to back European unicorns. Ophelia Brown from BC has described it as “the first-of-its-kind investor platform.”

The Icelandic challenger called Indó just raised €1m in seed funding in three rounds, with the last one having more than 30% excess demand.

Dzing is a London based and fairly new digital money and payment institution.

Penta is a digital platform for business banking and it raised €18.5 million in the first closing of a new funding round backed by new and current investors.

NorthOne, a challenger bank targeting small businesses, freelancers and startup companies, has raised $21 million in Series A funding led by Battery Ventures.

Austin based FinTech startup Self, announced that it has raised $20 million round of Series C financing, co-led by Altos Ventures and Conductive Ventures.