Monzo set to finalise new £500m fundraising in deal with top tech investor April 28, 2024 Digital bank Monzo is in the process of finalising a new expanded fundraising with major tech investor Hedosophia, according to reports.
Consumer group names TSB, Co-op Bank and Monzo as worst major banks for mobile app security April 24, 2024 The group reviewed the apps and websites of Britain's 13 largest current account providers between January and February, with assistance from computer security experts.
Bunq becomes first EU neobank to report annual profit after surge in users and interest rate boost April 4, 2024 Dutch mobile banking firm Bunq has become the first EU neobank to report an annual profit as it gears up to re-enter the UK market and mulls an IPO.
Oaknorth posts jump in profit as challenger bank targets US expansion and mulls public listing March 25, 2024 Challenger bank Oaknorth has posted a jump in annual profit on the back of higher lending and an expansion into the US as it looks forward to a potential IPO.
Atom Bank boss on rapid growth, London IPO and why high street challengers are a ‘dying breed’ March 24, 2024 City A.M. speaks to Atom Bank CEO Mark Mullen about the challenger bank landscape, his firm's rapid growth and plans for a London IPO.
Secure Trust Bank hails record lending growth despite 24 per cent profit drop March 21, 2024 Secure Trust Bank has posted record lending growth in 2023, while annual profit fell due to one-off charges.
Starling Bank poaches Big Six energy boss ahead of planned London listing March 12, 2024 Digital challenger Starling Bank has appointed OVO boss Raman Bhatia as its permanent chief executive, taking over from interim CEO John Mountain.
Cashplus: Digital challenger to rebrand as Zempler Bank this summer March 12, 2024 Challenger bank Cashplus will rebrand as Zempler Bank this summer to reflect its range of digital products and authorisation as a bank.
Monzo hits $5bn valuation with new funding round led by Alphabet’s CapitalG March 5, 2024 Monzo has secured a new $430m funding round led by Alphabet-owned fund CapitalG valuing the digital challenger bank at $5bn.
Redwood Bank founder Jonathan Rowland aiming to corner padel market with R3 Sport February 27, 2024 R3 Sport counts leading British players as co-founders and investors.