Neobanks

Report: Revolut Aims for $1.9 Billion in Revenue for 2023
Report: Revolut Aims for $1.9 Billion in Revenue for 2023
December 20, 2023  |  Digital Banking

British FinTech Revolut is reportedly on track to bring in $1.9 billion in revenue for the year. The startup’s monthly revenue averaged roughly $158 million in the first half...

READ MORE >
Neobanks May Face Squeeze in Europe If X-Border Fee Caps Materialize
Neobanks May Face Squeeze in Europe If X-Border Fee Caps Materialize
December 13, 2023  |  Regulation

Beyond the card networks, among those that may feel the squeeze should cross-border interchange fees see new caps in the United Kingdom are neobanks. As...

READ MORE >
Neobanks Challenged by Rising Tide of Push Payments Fraud and Third-Party Scams
Neobanks Challenged by Rising Tide of Push Payments Fraud and Third-Party Scams
October 31, 2023  |  Fraud Prevention

They have different business models — but often compete for the same customers. And for banks and neobanks, there may be one commonality: The challenge...

READ MORE >
Bank Push Payment Scams Now 40% of UK Fraud
Bank Push Payment Scams Now 40% of UK Fraud
October 31, 2023  |  Security & Fraud

Great Britain’s smaller banks are apparently among the largest targets for payment fraud. That’s according to a report issued Tuesday (Oct. 31) by the U.K.’s...

READ MORE >
UK Neobank Monzo Unveils Investment Tools
UK Neobank Monzo Unveils Investment Tools
September 12, 2023  |  Digital Banking

British digital-only bank Monzo has added an investment feature to its offerings. Announced Tuesday (Sept. 12), the bank’s Investments feature lets customers put their money...

READ MORE >
British Neobank Zopa Raises $93 Million to Fuel Growth
British Neobank Zopa Raises $93 Million to Fuel Growth
September 08, 2023  |  Investments

British neobank Zopa Bank has raised 75 million pounds ($93 million) to fuel its “continuous growth and expansion.” The company has now raised a total of...

READ MORE >
TCM Teams With LemonadeLXP to Help Community Banks Go Digital
TCM Teams With LemonadeLXP to Help Community Banks Go Digital
September 05, 2023  |  Digital-First Banking

TCM Bank and growth platform LemonadeLXP have teamed to help community banks increase their digital footprint. “TCM is committed to delivering the best cardholder experience for our community...

READ MORE >
B2B Payment Infrastructure Platform Thunes Secures $72 Million in Funding
B2B Payment Infrastructure Platform Thunes Secures $72 Million in Funding
July 17, 2023  |  Commercial Payments

Thunes has secured $72 million in a Series C round of funding with support from a range of strategic investors. The Singapore-based B2B payment infrastructure...

READ MORE >
14% of Small Businesses and Gig Workers Only Use Digital Banks
14% of Small Businesses and Gig Workers Only Use Digital Banks
July 12, 2023  |  Digital-First Banking

This next installment of PYMNTS’ mini-series on consumer behavior popularized during the pandemic focuses on the rise of digital-only banking. Traditional, brick-and-mortar banking through well-established...

READ MORE >