Monzo crowdfunding round rockets through $2.5m target
Digital challenger bank Monzo has blasted through its £2.5m crowdfunding target in less than four hours of opening pre-registration for the campaign.
Monzo banks £19.5m, looks to crowdfund £2.5m more
The app-only bank has already closed £19.5m in a Series B round led by Thrive Capital and plans to raise a further £2.5m through crowdfunding.
SoFi buys Zenbanx to launch banking product
SoFi is expanding into banking with the acquisition of mobile-banking startup Zenbanx. The company will pay around $100m for the startup
House of Fraser to back Tandem with £35m
Challenger bank Tandem is set to receive a £35m investment form UK department store firm House of Fraser.
Monese grabs $10m to help migrants open bank accounts
London-based mobile banking startup aimed at migrants Monese has picked up $10m in a Series A round.
Active AI picks up $3m for banking chatbot
Chatbot for financial services startup Active AI has raised $3m in a new round of venture funding from IDG Ventures India and Kalaari Capital.
Holvi hires new CEO to lead future growth
Finnish digital banking startup Holvi is appointing Antti-Jussi Suominen as its new CEO following the company’s acquisition by BBVA in March.
Exeq picks up $1.5m for ‘all-in-one’ finance app
All-in-one personal finance app developer Exeq has picked up $1.5m in seed money to back its launch early next year.
New York City angel investors...
Loot gets £2.5m for millennials-focused banking app
London-based fintech startup Loot, which runs a banking app targeted at millennial customers, has raised £2.5m in its latest financing round.
Cross River receives $28m growth equity funding
Banking innovator Cross River Bank has bagged a $28m growth investment from investment firms Battery Ventures, Andreessen Horowitz and Ribbit Capital.
Battery led the round...
