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Fintech funding round-up: 7 November 2017

Tandem's future is secured

Not cash-strapped just backed. Our latest fintech funding round-up features Douugh, Choice Financial, Monzo and Smartkarma. All rise please. Banking (not baking) challenger Douugh has partnered with community bank Choice Financial to launch an integrated checking account and debit card. Choice has also made an investment to “support Douugh’s roadmap”, bringing the company’s total seed funding […]

Once again fintech firms and challenger banks are hit with card payment issues

online payment

There have been another problematic 24 hours for fintech firms and challenger banks after being hit with a slew of card payments issues.

App it. The future of banking

Paul Rippon, Monzo

This morning I was having breakfast with a colleague. I paid the bill, and he sent me his share of the bill using our Monzo app. Before we’d walked out of the café, the money was in my account. Simple!

Monzo gently rolls out current account

Mondo is gearing up for beta testing

Mobile-only challenger bank Monzo is taking it nice and easy with a steady roll-out of its current account. The bank, which received its full UK banking licence in April, says it’s been using the current account internally and today (17 July) is now inviting some of its customers to join and “help put it through […]

Card payments problems bring down the fintech house

Red left down arrow icon, comics style

A whole swathe of fintech firms and challenger banks have been hit by tech issues – with card payments failing. The names include mobile-only challenger bank Monzo, Revolut, Starling Bank, Curve and payments start-up Fire. The problem is understood to be due to provider Global Processing Services (GPS), which as usual offers no updates on […]

More money misery for Monzo with £6.7m loss

Mondo is gearing up for beta testing

Mobile-only challenger bank Monzo has reported a loss after taxation of £6.7 million in its latest financial results. For the year ended 28 February 2017, the firm’s directors do not recommend a final dividend. In fact, it has got worse compared to the 2016 full year results. There was also no final dividend because the […]

Fintech funding round-up: 31 March 2017

Funding concept with smartphone

Lighter and brighter – catch up with fintech funding news in our brief round-up. Features Monzo, Quint and Lidya. Mobile-only challenger bank Monzo has raised another £2.5 million from more than 6,000 investors – the highest-ever number of any Crowdcube campaign. This follows its crowdfunding record of £1 million round last year, which closed in […]

Seconds out for Monzo tech

Mondo is gearing up for beta testing

Mobile-only challenger bank Monzo has been hit by tech issues for the second time this week. As Banking Technology reported on 6 March, payment outages caused major problems to cardholders and fintech services provides in the UK and internationally – and Monzo was one of the affected firms reporting issues with their payment processor. Today […]

Monzo, Revolut, Loot, U Account and other fintechs let down by payments processor

online payment

Payment outages have caused major problems to cardholders and fintech services provides in the UK and internationally. This is understood to be down to payments processor Global Processing Services (GPS).

Fintech funding round-up: 23 February 2017

funding

Let’s put the fun in funding by keeping it mercifully brief. A round-up of key events. Featuring Tala, Nymbus and Monzo. US micro-loan start-up Tala (formerly InVenture), led by founder and CEO Shivani Siroya, has raised $30 million in Series B funding. The money will support its expansion plans in South Asia and Latin America. […]

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