Crypto exchange Bullish will go public via the SPAC merger by year’s end even though it’s yet to launch, leaving it little to go on to entice investors beyond its high-profile backers.
Lunar lands €210M to fuel growth: The new proceeds will fund the growing Nordic neobank’s product lineup, along with future mergers and acquisitions—its roadmap will continue the flight path it embarked on earlier this year.
The White House called on the Consumer Financial Protection Bureau (CFPB) to move ahead with data-sharing regulation— its adoption would make it easier for neobanks to become customers’ primary banks and help all banking players partner with fintechs.
CIBC bolsters Microsoft cloud connection: Deepening its Microsoft relationship, the Canada-based bank will use Azure software as its cloud platform—the latest partnership of its kind for a bank seeking to cut data center costs and improve analytics.
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.