Category: challenger

Nordic challenger bank Lunar adds €20M to its Series B
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Nordic challenger bank Lunar adds €20M to its Series B

Lunar, the Nordic challenger bank that started out life as a personal finance manager app (PFM) but since acquired a full banking license last year, has extended it Series B round with an additional €20 million in funding. It brings the Series B total to €46 million, having disclosed €26 million in August last year.…

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Los Angeles-based challenger bank HMBradley officially opens its virtual doors
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Los Angeles-based challenger bank HMBradley officially opens its virtual doors

The Los Angeles-based digital challenger bank, HMBradley, opened its virtual doors to the public today, allowing the thousands of waitlisted would-be users to set up direct deposits and collect their sign-up bonuses. The company is offering banking customers an up to 3% return on their savings based on the percentage they save of their quarterly…

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Challenger business bank Qonto raises $115 million round led by Tencent and DST Global
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Challenger business bank Qonto raises $115 million round led by Tencent and DST Global

French startup Qonto has raised a $115 million Series C funding round led by Tencent and DST Global. Today’s news comes a few days after another French fintech startup Lydia raised some money from Tencent. Existing investors Valar and Alven are also participating in today’s funding round. TransferWise co-founder Taavet Hinrikus and Adyen CFO Ingo…

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2020 will be a challenging year for challenger banks
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2020 will be a challenging year for challenger banks

Over the past year, startup banks have proven that they have a shot at disrupting retail banking. These challengers have amassed a war chest of funding, announced some ambitious international expansion plans and attracted millions of customers. And yet, building a bank has proven to be even harder than building a startup in general. Retail…

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