Wallbit, a crypto-enabled neobank, announced it would stop serving users in Venezuela after its banking partner in the U.S. called on it to do so. The platform announced this move was the direct resul...
Tag: NeoBank
Leading neobank Revolut launches crypto staking in the UK and EEA
As the cryptocurrency industry continues to seep into the mainstream, neo-banking platform Revolut has rolled out crypto staking services for its users in the United Kingdom and European Economic Area...
Neobank Cogni rolls out web3 wallet as fintech firms continue crypto push
U.S. neobank Cogni today debuted its noncustodial wallet as it seeks to follow a flurry of fintech firms into web3. Founded in 2018 out of the Barclays’ accelerator program, Cogni initial...
Nu Holdings’s Q3 profit bests estimate; shares rise
Nu Holdings reported a surprise net profit of $7.8 million, besting analyst expectations for a net loss of $9 million. The Sao Paulo-based neobank’s third-quarter revenue totaled $1.3 bill...
Uala Argentina’s Neobank backed by Soros to Launch Cryptocurrency Trading Services
George Soros, a Hungarian Businessman, investor, and philanthropist, strengthened Uala, an Argentine neobank, to launch new services to his application. Uala allows Bitcoin and Ethereum to buy, sell, ...
Soros-Backed Argentine Neobank Uala Launches Cryptocurrency Trading Services – Exchanges Bitcoin News
Uala, an Argentine neobank backed by George Soros, has launched cryptocurrency trading services for its users in Argentina. Customers of the company with the highest loyalty levels are now able to tra...
Argentine unicorn Uala debuts crypto trading as inflation rattles country
Buenos Aires-based neobank Uala has started rolling out crypto trading in Argentina, with the feature already available to selected users. Customers can buy and sell bitcoin and ether on the fin...
Warren Buffett-backed neobank picks Polygon for Web3 token — MATIC price eyes 100% rally
The price of Polygon’s MATIC (MATIC) coin could double by the end of 2022 or early 2023 due to a mix of extremely bullish fundamental and technical indicators. Polygon wins high-profile clients MATIC ...
Berlin Bitcoin Neobank Nuri Shutters Business, Warns Clients to Withdraw Funds
Berlin-based neobank Nuri has officially closed down the shop, citing “insuperable” challenges, which kept the firm from raising new funds or finding an acquirer. Formerly known as Bitwala, Nuri filed...
Brazil-Based Neobank Nubank to Launch Own Cryptocurrency as Part of Loyalty Program – Exchanges Bitcoin News
Nubank, one of the largest digital banks in the world, has announced it will issue its own cryptocurrency during the first half of 2023. The currency, called Nucoin, will be issued on top of Ethereum ...
Largest Neobank in Germany N26 to launch crypto trading in Europe
Earlier Thursday, European online bank N26 announced it would launch crypto trading for its customers in partnership with Bitpanda (Austrian crypto and stock trading app). The announcement comes when ...
Analysis of Signature Bank’s Q3’22 Earnings
October 19, 2022, 10:27AM EDT • 3 min read Quick Take Signature Bank announced earnings on October 18, 2022 Closed today’s trading +2.8% in 1-day intra-day trading at $157.29 per share Reported $358...
German crypto neobank Nuri shuts down business after failing to find buyer
Nuri, a German crypto neobank, is closing its doors as it was unable to find an acquirer after filing for insolvency in August, CEO Kristina Walcker-Mayer said in an Oct. 18 blog post. The CEO said th...
German Crypto Neobank Nuri to Sets Date to Close its Business
Nuri, a cryptocurrency-focused German Neobank has set December 18 as the date it will stop access to its platform and find ways to liquidate its assets. In an open letter to its workers, key stakehold...
Digital Neobank Nubank Reaches 70 Million Customers in Latam; Almost 2 Million Have Purchased Crypto – Exchanges Bitcoin News
Nubank, a Brazil-based digital bank, has announced a new milestone in its operations. The company announced that it has reached 70 million customers in Latam, making it one of the biggest financial in...
Neobank Revolut Adds Dogecoin To Growing U.S. Crypto Offerings ⋆ ZyCrypto
Advertisement     According to a Tuesday report by The Block, London-based neobank Revolut is considering adding 29 new including Dogecoin, AVAX, Shiba Inu and Solana,...
Neobank Revolut to Dump Paxos in Favor of New Crypto Provider
Revolut plans to move on from its current crypto provider in early September, when the company will offer “wider and better access” to crypto The company is vying to add an additional 25 tokens to its...
Revolut to increase crypto workforce by 20% as neobank remains bullish on digital assets
In response to the rapidly expanding cryptocurrency sector, some major financial players are investing a lot of effort to adapt their business to the new asset class, including the challenger bank Rev...
Neobank Starling reports first full year of profit as revenues rise by 93%
Starling Bank has reported its first full year of profitability, according to annual financial results released Thursday. The UK-based startup bank posted a £32.1 million pre-tax profit for the 12 mo...
Ant Group Launches Neobank In Singapore: Details
Ant Group has recently announced the launch of a neobank in Singapore. Ant Group is the firm that is behind the largest digital payment platform in China, Alipay. Small and medium enterprises are goin...
UK neobank Kroo raises £26 million in Series B funding
London-based neobank Kroo has raised £26 million ($33 million) in a Series B funding round, despite the pace of fintech funding slowing down after the highs of 2021. Along with the typical neobank fe...
UK’s neobank Tandem appoints Georgina Whalley as Chief Marketing Officer
UK-based digital bank Tandem announces a key senior appointment to its senior Executive Team with immediate effect. Georgina Whalley joins Tandem in the newly created senior role of Chief Impact and M...
Google-backed Neobank Open Acquires Unicorn Status Following $50M Funding Exercise
Open has attained unicorn status after concluding a Series D funding round led by Indian diversified financial services company IIFL. Open, an Indian-based neobank, recently became the 100th unicorn i...
Neobank Cogni dives into web3 as it raises $23 million
US neobank Cogni has raised $23 million in Series A funding in a round co-led by Hanwha Asset Management and CaplinFO. Launched in 2018 by Archie Ravishankar, the startup says it aims to build person...
How to Create a Neobank or Digital Bank
White-label neobanks are the future of banking, providing digitized and customized financial services with an agility that traditional financial institutions simply cannot offer. Take Advantage of the...
Nordic Neobank Lunar Raises $77M Funding Round, Launching Crypto Trading Platform
Lunar, a Nordic neobank headquartered in Aarhus, Denmark, announced on Thursday that it raised $77 million in a funding round led by Heartland and also launched a cryptocurrency trading platform. Luna...
Lunar neo-bank raises $77M and launches a B2B platform
TL;DR Breakdown Lunar neobank announces a $77 million investment round. After the launch, users are able to trade and cash out Bitcoin, Ethereum, Cardano, Polkadot, and Doge One of the most high-end ...
Neobank Lunar raises $77 million as it rolls out crypto tools
advertisement Nordic neobank Lunar announced a $77 million round led by Heartland on Thursday while unveiling new crypto trading tools. The company said in a press release that the fundraise, an exten...
Spain’s biggest neo-bank Bnext to issue its B3X token on March 1
Madrid, Spain, 26th February, 2022, Chainwire Spanish neobank Bnext has announced the start date for the first phase of its B3X initial coin offering as global adoption grows for its plethora of crypt...
UK neobank Atom raises more than $100 million as it eyes an IPO
advertisement Neobank Atom has raised a round of more than $100 million led by Spanish banking group BBVA and investment manager Toscafund, according to a press release. The round values the neobank a...
Can a neobank ever be built on DeFi rails?
Quick Take In the last decade, neobanks such as Monzo, Revolut and N26 have pioneered a mobile-first and branchless alternative to banking. Now, as DeFi slowly makes its way to the mainstream, a new ...