Banking
UK challenger Chetwood Financial acquires lender CHL Mortgages for Intermediaries
Overview:Entities Involved: UK digital challenger Chetwood Financial and CHL Mortgages for Intermediaries (CMI), purchased from Barossa Asset Purchaser Sarl.
Purpose: Expansion of Chetwood's...
Banking
UK challenger Tandem appoints Suavek Zajac as new CTO
New CTO Appointment:Suavek Zajac, former Railsr head, was appointed as CTO of UK digital bank Tandem.
Will oversee the development of Tandem’s...
Banking
French fintech Lydia launches digital banking app Sumeria
Company Overview:French fintech start-up Lydia.
Originally launched in 2013 as a P2P payments app.
Currently serves 8 million users in France, Spain,...
Banking
Monzo secures additional $190m funding from new and existing investors
Funding Round Details:Monzo, the UK-based digital challenger bank, has secured an additional $190 million in its latest round of funding.
The funding...
Banking
Ecology Building Society set for 2025 core banking overhaul with Monument Technology
Partnership Overview:UK-based mutual Ecology Building Society has partnered with Monument Technology, a technology division of domestic challenger bank Monument, for a significant...
Banking
Digital challenger GoTyme Bank acquires salary lender fintech SAVii
Acquisition Announcement: GoTyme Bank, a Filipino digital challenger, has acquired Manila-based lendtech SAVii to enhance its expansion into payroll-enabled financial products.
SAVii Overview:...
Banking
Allica Bank reports first full year of profitability after revenues double
Allica Bank's Financial Performance:Allica Bank, a UK challenger bank lending to SMEs since 2020, reported its first full year of profitability.
Revenues...
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