FairMoney raises $11 million for its challenger bank for emerging markets

Fintech startup FairMoney is building a challenger bank in Nigeria. The company first started offering microcredit and now plans to expand to current accounts and savings. FairMoney just raised an $11 million Series A round (€10 million) led by Flourish, DST Global partners and existing partners Newfund, Speedinvest and Le Studio VC. FairMoney lets you […]

Chime now has 5 million customers and introduces overdraft alternative

Challenger bank Chime has reached 5 million customers in the U.S. The San Francisco-based startup is creating an FDIC-insured mobile bank without any physical branch. The company also promises less fees. Back in March, Chime said it had 3 million customers when it announced its $200 million Series D round. So that’s 2 million additional […]

N26 launches Shared Spaces and is now fully available in the U.S.

Challenger bank N26 is announcing two things this week. First, the company lets you share sub-accounts with other N26 users in just a few taps. Second, after a limited beta test, the company is officially launching in the U.S. with open registration. Shared Spaces could be seen as an alternative to joint accounts. The feature […]

Revolut launches stock trading in limited release

Fintech startup Revolut is launching its stock trading feature today. It’s a Robinhood-like feature that lets you buy and sell shares without any commission. For now, the feature is limited to some Revolut customers with a Metal card. While Robinhood has completely changed the stock trading retail market in the U.S., buying shares hasn’t changed […]

Banking startup N26 raises another $170 million at $3.5 billion valuation

Fintech startup N26 is raising $170 million a few months after raising $300 million. While it’s technically structured as a new round, the company considers today’s new funding as an extension of the Series D round. N26 has only reached out to existing investors. All the investors in the Series D round are investing again, […]

N26 announces N26 You, a revamped premium account

Challenger bank N26 has unveiled a new premium plan called N26 You. This plan replaces N26 Black with the same benefits and a few tweaks. N26 is keeping its three-tier system with a free basic bank account, a premium account (N26 You) and a super premium account (N26 Metal). With N26’s free plan, you can […]

Bunq lets you track and settle up group expenses

Fintech startup Bunq is announcing a handful of new features today, such as a way to track group expenses without creating a joint account, a web app and better Siri integration. If you usually track vacation expenses and group expenses from your phone, chances are you’ve been using two different products — a mobile app […]

N26 faces banking regulator order about fraudulent transactions

Fintech startup N26 received an order from BaFin, the German banking regulator. According to the regulator, N26 hasn’t been doing enough when it comes to money laundering and terrorist financing. The company has a specific period of time to implement changes and rectify its internal processes. “Today, BaFin published an order for N26 Bank GmbH. […]

Kard is a challenger bank for teens

Meet French startup Kard, a challenger bank that works a lot like N26 or Revolut. But Kard is all about convincing teens that their first bank account is going to be a Kard account — a bit like Step in the U.S. When I talked with Kard co-founder and CEO Scott Gordon, he kept saying that […]