Tag: challenger bank
US neobank Oxygen switches focus from banking to health insurance in new strategy
Oxygen Temporarily Suspends Banking Services:Service Suspension and Account Closure:San Francisco-based digital banking platform Oxygen has "temporarily suspended" its banking services.
The company...
US neobank Dave achieves profitability over Q4 2023
Dave Neobank Achieves First Quarterly Profit:Profitability Milestone:Los Angeles-based neobank Dave has achieved its first quarterly profit in Q4 2023, almost eight years...
Barclays welcomes back Steve Weston as head of everyday money management
Steve Weston Rejoins Barclays:Appointment:Steve Weston, founder of the now-defunct Aussie challenger Volt Bank, has been appointed as the new head of everyday...
Monzo’s valuation tops $5bn with $430m Alphabet-led funding round
Monzo Funding Round:Amount Raised:Monzo, the UK challenger bank, has secured $430 million in a recent funding round.Lead Investors:The funding round...
Banking Technology Magazine March 2024 issue out now
The March edition of Banking Technology Magazine highlights various developments in the fintech industry:Avenue Bank's Unrestricted Banking License:Avenue Bank, a digital business...
UK challenger OneBanx appoints Javed Anjum as new CEO
Javed Anjum has been appointed as the new CEO of UK-based challenger OneBanx.
Anjum, who was previously a board member at OneBanx and...