Clearco raised $215 million following a host of fellow alt lenders also securing significant rounds and expanding globally. The crowded market could lead to a drop in fees.
Credit card appetite is growing in tandem with retail sales—what are issuers doing to make the most of this comeback?
Monese mulls over hopping on crypto bandwagon: If the UK-based neobank opts to offer crypto, it would become the latest challenger financial institution to do so—which could help it acquire customers and keep them engaged.
The banking giant will drop existing lines to simplify its product offerings—which could help its bid to shuck the federally mandated asset cap, but hurt retention by driving off impacted customers.
Starling wins 4 in banking awards: The UK-based neobank was No. 1 in four British Banking Award categories, including business banking—the latter accolade could fuel its push to acquire small and medium-sized business (SMB) clients.
While doubling down on its embedded finance solution puts Younited Credit in competition with the likes of Klarna and Afterpay, the booming ecommerce market in France could also present a lucrative growth opportunity.
Google eyes Japanese payments acquisition: The tech giant is in negotiations to buy cashless payments startup pring, which could help strengthen its business in Japan as the country begins to embrace digital payments.
E-commerce SMB neobank Juni bags $21.5M: The Sweden-based challenger’s early signs of growth may stem from its founders’ industry experience—which could help it stand out from banking players that more broadly cater to small and medium-sized businesses (SMBs).
Monzo tweaks remittances feature: Four improvements the UK-based neobank has added to the user experience could make its customers even happier with its mobile app.
Incumbents and fintechs alike are launching teen investing accounts, and no amount of heightened regulatory pressure will stop them—here’s why.
Some customers became collateral damage from the US neobank’s initiative to fight fraudulent federal stimulus checks and unemployment insurance—which could hurt Chime’s efforts to attract users and persuade them to make it their primary bank.
The network’s $1 billion crypto-related spend total in H1 2021 points to an effective growth strategy—and serves as a harbinger of what’s to come.