Banks – FinTech Ranking https://fintechranking.com All You Should Know About Fintech Wed, 24 May 2023 02:43:47 +0000 en-US hourly 1 https://wordpress.org/?v=5.3.15 https://fintechranking.com/wp-content/uploads/2020/03/ftr_favicon2.ico Banks – FinTech Ranking https://fintechranking.com 32 32 96937361 South African challenger bank TymeBank raises $77.8M https://fintechranking.com/2023/05/23/south-african-challenger-bank-tymebank-raises-77-8m/?utm_source=rss&utm_medium=rss&utm_campaign=south-african-challenger-bank-tymebank-raises-77-8m Wed, 24 May 2023 02:43:43 +0000 http://fintechranking.com/?p=27091 South African digital banking platform TymeBank has raised $77.8 million in a pre-Series C round led by

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]]> South African digital banking platform TymeBank has raised $77.8 million in a pre-Series C round led by African-focused growth-stage fund Norrsken22 and Swiss global impact investment firm Blue Earth Capital. TymeBank expects to close its Series C round later this year, it said in a statement.

Tencent, the lead investor in the fintech’s $70 million Series B extension raise in December 2021, participated in this pre-Series C round and increased its stake to become TymeBank’s third-largest shareholder. TymeBank is majority owned by Patrice Motsepe’s African Rainbow Capital (ARC); the South African fintech is backed by other investors, including the British International Investment (BII), Apis Growth Fund II, JG Summit Holdings (JG Summit), African Fig Tree (AFT) and the Ethos AI Fund.

Read more: TechCrunch

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]]> 27091 Daylight, the LGBTQ+ neobank, calls it quits https://fintechranking.com/2023/05/22/daylight-the-lgbtq-neobank-calls-it-quits/?utm_source=rss&utm_medium=rss&utm_campaign=daylight-the-lgbtq-neobank-calls-it-quits Tue, 23 May 2023 02:34:00 +0000 http://fintechranking.com/?p=27085 Daylight, an LGBTQ+ banking platform, is shutting down. Its operations will cease on June 30,

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]]> Daylight, an LGBTQ+ banking platform, is shutting down. Its operations will cease on June 30, according to embattled co-founder and CEO Rob Curtis. 

The announcement comes months after NY Magazine published an explosive feature on the neobank detailing a lawsuit brought on by three former employees as well as alleged fabrications and inappropriate behavior on the part of Curtis. 

Founded in 2020, Daylight raised a total of $20 million in funding. Anthemis Group led its $15 million Series A in 2022. Other backers include Kapor Capital, Precursor Capital, Clocktower, Financial Venture Studio and Citi.

Read more: TechCrunch

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]]> 27085 Starling Bank Supports Money Management Tools with “Split Payment” Feature https://fintechranking.com/2023/05/22/starling-bank-supports-money-management-tools-with-split-payment-feature/?utm_source=rss&utm_medium=rss&utm_campaign=starling-bank-supports-money-management-tools-with-split-payment-feature Tue, 23 May 2023 00:22:07 +0000 http://fintechranking.com/?p=27072 Starling Bank customers can now organize their salary payments across their account. The new feature, called

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]]> Starling Bank customers can now organize their salary payments across their account.

The new feature, called ‘Split payment’, allows customers “to decide how much of an inbound payment, such as their salary, to put away and where, including their saving Spaces, joint accounts, additional accounts and Kite cards.”

‘Split payment’ users can “organize inbound payments either by value or percentage.”

Funds are then “organized instantly, with no need to make lots of individual transfers of different amounts to different accounts or Spaces.”

Read more: Crowdfund Insider

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]]> 27072 Singaporean family office to set up digital bank in Bahrain https://fintechranking.com/2023/05/18/singaporean-family-office-to-set-up-digital-bank-in-bahrain/?utm_source=rss&utm_medium=rss&utm_campaign=singaporean-family-office-to-set-up-digital-bank-in-bahrain Fri, 19 May 2023 02:38:00 +0000 http://fintechranking.com/?p=27087 The Whampoa Group, a family office based in Singapore, will open a digital bank in

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]]> The Whampoa Group, a family office based in Singapore, will open a digital bank in Bahrain, the kingdom’s Economic Development Board said on May 18. The Group expects to open the bank by the end of the year and is aiming for a global client base.

The bank will offer digital asset trading, custody and management among digital banking services. According to Bloomberg, the Central Bank of Bahrain has granted the bank “in principle approval” pending fulfillment of all requirements.

Read more: Cointelegraph

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]]> 27087 Revolut launches business offering in Australia, seeks banking license https://fintechranking.com/2023/05/18/revolut-launches-business-offering-in-australia-seeks-banking-license/?utm_source=rss&utm_medium=rss&utm_campaign=revolut-launches-business-offering-in-australia-seeks-banking-license Fri, 19 May 2023 00:15:00 +0000 http://fintechranking.com/?p=27070 Crypto-friendly fintech firm Revolut has launched international payments-focused business accounts for clients in Australia, as

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]]> Crypto-friendly fintech firm Revolut has launched international payments-focused business accounts for clients in Australia, as it reportedly works to secure a banking license down under.

The London-based firm offers a range of fiat payment services for clients in Europe and Australia. It also offers crypto services, including the buying and selling of a number of crypto assets, including Bitcoin, XRP and Ether. In certain regions, it also provides access to crypto-staking.

Read more: Cointelegraph

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]]> 27070 BNP Paribas Will Link Digital Yuan to Bank Accounts for Promoting CBDC Use https://fintechranking.com/2023/05/06/bnp-paribas-will-link-digital-yuan-to-bank-accounts-for-promoting-cbdc-use/?utm_source=rss&utm_medium=rss&utm_campaign=bnp-paribas-will-link-digital-yuan-to-bank-accounts-for-promoting-cbdc-use Sun, 07 May 2023 01:46:00 +0000 http://fintechranking.com/?p=26984 French bank BNP Paribas (BNP) is promoting the use of China’s digital yuan by linking

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]]> French bank BNP Paribas (BNP) is promoting the use of China’s digital yuan by linking wallets to bank accounts, the South China Morning Post (SCMP) reported on Friday.

BNP Paribas’ corporate clients will be able to connect to China’s central bank digital currency (CBDC) – or “e-CNY,” as it is known – through a connection to the Bank of China’s (BOC) system.

BOC is one of eight banks authorized to handle China’s digital currency business.

Read more: CoinDesk

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]]> 26984 Kenya’s Fingo partners with Ecobank, launches neobank on the back of $4M investment https://fintechranking.com/2023/05/05/kenyas-fingo-partners-with-ecobank-launches-neobank-on-the-back-of-4m-investment/?utm_source=rss&utm_medium=rss&utm_campaign=kenyas-fingo-partners-with-ecobank-launches-neobank-on-the-back-of-4m-investment Sat, 06 May 2023 02:52:00 +0000 http://fintechranking.com/?p=27007 Yesterday, Fingo, a YC-backed Kenyan fintech, launched its neobank, which it developed in collaboration with Pan-African

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]]> Yesterday, Fingo, a YC-backed Kenyan fintech, launched its neobank, which it developed in collaboration with Pan-African financial institution Ecobank Kenya. The Ecobank subsidiary unveiled the neobank, the first of its kind in the East African country, according to the pair, in an event with the country’s president, William Ruto, in attendance. 

The Fingo Africa app will offer its users a bank account “under 5 minutes,” paired with free peer-to-peer transactions and immediate access to multiple services such as savings, financial education and smart spending analytics, the company said in a statement. 

Read more: TechCrunch

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]]> 27007 Greenwood acquires neobank Kinly https://fintechranking.com/2023/05/02/greenwood-acquires-neobank-kinly/?utm_source=rss&utm_medium=rss&utm_campaign=greenwood-acquires-neobank-kinly Tue, 02 May 2023 19:59:00 +0000 http://fintechranking.com/?p=26958 Greenwood, a fintech that provides banking services to Black and Latinx communities, acquired fellow affinity neobank

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]]> Greenwood, a fintech that provides banking services to Black and Latinx communities, acquired fellow affinity neobank Kinly for an undisclosed amount, Greenwood announced Tuesday.

The acquisition merges two neobanks that share a similar mission. Both fintechs launched in 2020 with the goal to help underserved communities build generational wealth. 

Read more: Banking Dive

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]]> 26958 Revolut takes on Nubank with Brazil launch and LatAm push https://fintechranking.com/2023/05/02/revolut-takes-on-nubank-with-brazil-launch-and-latam-push/?utm_source=rss&utm_medium=rss&utm_campaign=revolut-takes-on-nubank-with-brazil-launch-and-latam-push Tue, 02 May 2023 18:18:00 +0000 http://fintechranking.com/?p=26940 Revolut has launched in its first country in Latin America, offering a multi-currency account and crypto

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]]> Revolut has launched in its first country in Latin America, offering a multi-currency account and crypto investments in Brazil.

The bank, which launched in the UK in 2015, says it now has 29 million customers worldwide.

“Brazil is an exciting market for Revolut and holds enormous potential for our global expansion,” said Nik Storonsky, co-founder and CEO.

Read more: AltFi

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]]> 26940 Bitpanda and Raiffeisen Unit Agree to Offer Crypto for Banking Customers https://fintechranking.com/2023/04/26/bitpanda-and-raiffeisen-unit-agree-to-offer-crypto-for-banking-customers/?utm_source=rss&utm_medium=rss&utm_campaign=bitpanda-and-raiffeisen-unit-agree-to-offer-crypto-for-banking-customers Wed, 26 Apr 2023 23:14:00 +0000 http://fintechranking.com/?p=26929 Crypto exchange Bitpanda and a Vienna-based unit of Raiffeisen Bank said they are working together to offer

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]]> Crypto exchange Bitpanda and a Vienna-based unit of Raiffeisen Bank said they are working together to offer crypto to the lender’s customers, according to a Wednesday statement.

The two have signed a letter of intent to cooperate, and will have finished evaluating the offer by the end of the year, said a statement by the lender.

Read more: CoinDesk

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