PYMNTS
MARCH 6, 2020
San Francisco-based Empower Finance, a mobile banking app aimed at helping millennials save wealth, has raised $20 million in a Series A funding round led by Defy Ventures and Icon Ventures, according to a report. The company, which was founded in 2017, is run by a former Sequoia Capital partner named Warren Hogarth.
BankInovation
OCTOBER 16, 2023
London-based Zopa Bank has $95 million in Tier 2 capital to fund its growth, according to the company. The digital bank provides technology for its customers to gain access to better credit products, to transfer card balances in a way that helps pay down credit and improve their financial well-being.
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PYMNTS
AUGUST 6, 2020
Monzo Bank Ltd, the London-based online bank, must now have a capital worth of 13.6 The Financial Times (FT) reported the new requirements are among the first signs the Bank of England ( BoE ), the United Kingdom’s (U.K.) That’s more than more than twice as high as many mainstream banks in the U.K.,
PYMNTS
MARCH 17, 2020
One , a new digital banking service in the U.S., The company also announced a Series A funding round that raised $17 million from Foundation Capital, Obvious Ventures and Core Innovation Capital. is launching with a focus on helping middle class Americans with their finances in a new way, according to a release.
PYMNTS
DECEMBER 29, 2020
CUs’ production units could not afford to miss deadlines with members’ financial needs at stake, said Nancy McNeill , senior vice president of Operations at Coast Capital Savings Federal Credit Union. Digital Banking's Rise In The CU Space. The CU — And CU Branch — Of The Future.
PYMNTS
JANUARY 6, 2020
Another group of Singaporean businesses, Beyond Consortium, has thrown its hat in the ring to apply for the country’s digital bank licenses. The Monetary Authority of Singapore will award five licenses for digital banking, which it plans to announce its decisions on in mid-2020.
PYMNTS
NOVEMBER 24, 2020
Digital banking platform HMBradley announced on Tuesday (Nov. The funding, which was led by Acrew Capital , will also be used to expand its customer offerings, the bank said in a press release emailed to PYMNTS. 24) that it has raised $18.25 million in a Series A funding round to accelerate its credit program.
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