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Friday, August 28, 2026

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NorthOne, a challenger bank for small businesses, raises $21M in Series A

NorthOne, a challenger bank targeting small businesses, freelancers and startup companies, has raised $21 million in Series A funding led by Battery Ventures.

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Alibaba's Alipay launches strategy to take on Meituan

Ant Financial, an affiliate of Chinese e-commerce giant Alibaba, will open its Alipay mobile app platform to 40 million service providers in China over the next three years and help them digitize their offerings, it said on Tuesday.

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Revolut seeking UK banking license because of Brexit

Revolut is preparing to submit a banking license application to the Bank of England and hopes to secure it before the end of the year.

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OakNorth Bank reaches double profits, but growth slows

SoftBank-backed lender OakNorth Bank almost doubled its profits in 2019 but slowed down its pace […]

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Tandem raises £60m to fund international expansion

Tandem Bank, the UK challenger which sparked reports of its funding nearly a year ago, has finally landed its investment round of £60 million and intends to buy a green lender that helps consumers buy solar panels.

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Leap Finance raises $5.5M to lend to Indian students who are studying abroad

Leap Finance, a fintech platform for overseas Indian students, announced it has raised US$5.5 million in a round led by Sequoia India.

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Barclays to cut jobs affecting 1,000 employees

Barclays has announced a major staff shake-up affecting more than 1,000 workers including the closure of a site in Leeds. The bank is also set to put a further 340 staff on notice for job cuts or relocation across the country, pushing the total jobs affected to 1,140.

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TerraPay raises $9.6M and gets acquired

TerraPay, a Dutch FinTech, has been acquired by a number of investors, including Prime Ventures, Partech Africa and management for an undisclosed amount.

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Starling Bank to create 400 jobs at its new Cardiff office

In a major boost to the growing fintech sector in the Cardiff Capital Region, Starling Bank is investing in new data science, fraud and customer service hub in the city.

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Alipay owner Ant Financial takes minority stake in Klarna

 Klarna, Europe’s most valuable fintech company, said on Wednesday that China’s Ant Financial Services Group […]

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Digital wallets account for 22% of global POS spend

The evolution of the consumer payment method is reshaping payments diversely in its wake around the world. Payment preferences are as diverse as the people that use them. With a close look, we find global trends across the universe of commerce.

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Santander’s PagoFX to launch in spring to compete Trasnferwise

Europe's largest traditional bank Santander is within weeks of launching its fintech transfer rival, PagoFX, according to several people briefed on the plans.

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Investing app Public raises $15 million from Will Smith, JJ Watt, Sophia Amoruso!

Public.com, an early-stage, commission-free social investing company whose founders say they want to democratize stock investing, has brought some notable Hollywood, media and sports figures on board as part owners.

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30 employees turned into millionaires? Yes with Monese

Monese, a digital banking app for immigrants, is expecting to turn 30 employees into paper millionaires after its next fundraiser, which will reportedly value the company at £1bn.

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Coronavirus pushes contact-free digital banking

DBS unveiled the second round of relief measures on Wednesday (Feb 26) to help businesses in Singapore cope amid the virus outbreak, in a move that pushes companies to go digital at the same time.

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  3. Mobey Forum Calls for a Collaborative Approach to Fraud Prevention in Rethinking Fraud in a Connected World Read more
  4. SumUp Launches in Canada Read more
  5. European Fintech Association Elects New Board of Directors Read more
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