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This Sequoia Capital-Backed Neobank Raised $750M To Scale Operations

CB Insights

Chime , a digital banking platform, has raised $750M in a Series G. The round drew participation from Sequoia Capital, Tiger Global Management, General Atlantic, SoftBank Group, and Dragoneer Investment Group. HOW’S THE COMPANY PERFORMING? The company reportedly has more than 5M customers in the US.

Capital 78
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FinTech Revolut’s Losses Triple As Customer Base Grows

PYMNTS

With its losses mounting, the London-based digital bank may need to tap into its corporate reserves to keep up with its expansion plans. The company posted a total loss of $139.6 Revolut , one of the biggest players in the crowded financial technology (FinTech) sector, has yet to make a profit. million (£106.5

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Today In Digital-First Banking: Sea Purchases Indonesian Bank BKE; PSCU Extends Partnership With Fiserv

PYMNTS

Vietnam’s MoMo, the digital wallet company, has raised $100 million from a collection of six investors co-led by Goodwater Capital and Warburg Pincus. As it stands, PSCU works with CUs throughout the nation and helps with more than 5.4 billion transactions annually.

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The legacy clock is ticking

Chris Skinner

He is the Chair of the European networking forum: the Financial Services Club and sits on the advisory boards of numerous companies including Innovate Finance, Moven, and Meniga. Chris has been voted one of the most influential people in banking by The Financial Brand. BRR: How critical are the capital requirements?

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B2B Neobank Qonto Gets $115M In Series C Round

PYMNTS

The startup has said that business banking on the continent needs to be repaired, and that it can provide a much better experience with its mobile and online-first offerings. . So far, Qonto has worked with about 65,000 companies in the past two and a half years. It also plans to hire more employees with the capital. million.

Capital 131
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Varo Achieves Milestone As First Consumer FinTech To Get National Charter

PYMNTS

Colin Walsh got lots of laughs five years ago when he talked of his intention to launch a financial technology (FinTech) startup. the San Francisco-based online bank, had the last laugh. As a national charter, the bank can offer credit and cash-flow management, the company said. Varo Bank N.A.

National 172
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Fintech Deals to Watch: Fall Festivities

Gonzobanker

Digital: Pigskin Pick-Ups Bankjoy , a digital banking provider, had a funding round led by the Curql Collective Credit Union Service Organization. Treasury management provider Dragonfly Financial Technologies launched independently from an ACI Worldwide sale.

Fintech 103