Brazilian SMB neobank’s planned credit suite will enter a favorable market: Cora’s $116 million Series B round will fuel its product development. It has the advantage of operating in a space that lacks a huge neobank competitor—unlike the consumer side.
The new app gives users better control of their rent and utilities and other housing expenses—and could help the bank tap into a younger cohort.
Seacoast gets branches in strong markets through two deals: The Florida bank’s proposed acquisitions include a new presence in the Sarasota area and an added footprint in the Space Coast—bolstering its deposits and serving as springboards for cross-selling.
Trading infrastructure fintech DriveWealth reached a $2.85 billion valuation thanks to the retail investing boom—and we expect it will add crypto trades and embed investing on nonfinancial platforms to drive future growth.
On today's episode, we discuss when we might see a digital "Govcoin," why it matters, and what Amazon, Facebook, and AMC are up to in the world of cryptocurrency. Tune in to the discussion with eMarketer research analyst Grace Broadbent and financial technology analyst at Insider Intelligence Victor Chatenay.
The UK launch is its first international crypto expansion and anticipates the company’s super app goal.
Revolut expands Stays to Ireland, aiming to ride travel rebound: The UK-based neobank is offering its travel-booking feature to Irish customers shortly after its home-market launch, seeking to capitalize more broadly on the post-vaccine recovery in travel.
Its fresh £14M funding round brings the UK-based newcomer to the capital threshold where operating restrictions end. Now comes the hard part: Distinguishing itself from other banking players.
John Lewis will leverage its trusted brand and larger customer base to launch a robo-advisor with JPMorgan-owned Nutmeg, reducing its reliance on brick- and-mortar to drive revenue.
The incumbent banking giant is teaming up with Simply Business to offer small and medium-sized businesses (SMBs) access to insurance coverage. Banks are using partners to provide services that boost customer engagement.