India’s neobank Fi halts banking services on its platform
Fi Discontinues Banking Services in India Fi, a neobank in India, is set to discontinue its banking services, marking the end of more than four years of collaboration with Federal Bank. Customers are now being directed to manage their savings accounts via the bank’s mobile app as the Fi interface diminishes. Founded in 2019 by […]
Revolut creates 400 new positions as neobank sets up headquarters in Paris
Digital Bank Revolut is set to bring over 400 new jobs to Western Europe as it develops a new headquarters in Paris. The positions will span across France, Spain, Ireland, Germany, and Portugal, primarily focusing on risk management, compliance, and other essential areas. In France alone, at least 200 roles will be established, emphasizing the […]
French B2B neobank Qonto acquires 600,000 customers and applies for banking license
Qonto Seeks Banking License in France One burning question that comes up frequently regarding French fintech startups is whether Qonto is a real bank. Currently, the answer is no, but things might change soon. CEO Alexandre Prot has announced that Qonto is in the process of applying for a banking license in France. Targeting European […]
Neobank Revolut Is Actively Considering the Launch of Its Own Stablecoin, According to Sources.
Simply put Revolut is looking into the possibility of creating its own Stablecoin, according to a source. The neobank serves around 55 million retail and 500,000 business customers across 160 countries. As new, encryption-friendly laws move through Congress in the US, other major firms are also exploring stablecoins. Revolut, one of the largest neobanks globally, […]
Revolut, the $45B neobank, posts $1B profit in 2024 – TechCrunch
Revolatthe $45 billion neobanking startup founded in the UK may have put its IPO plans on ice, but its balance sheet looks pretty hot. The company reported net profit of $1 billion (£790 million) in 2024, but its customer base grew 38% to 52.5 million. Annual Report. Revenues rose 72% annually to $4 billion (£3.1 […]
Bunq, a neobank for 'digital nomads,' accelerates U.S. expansion effort as profit jumps 65% – CNBC
Dutch digital bank BUNQ has re-entered the UK and is taking advantage of the “large and underserved” market of approximately 2.8 million British “digital nomads.” Pavlo Gonchar | SOPA Images | Lightrocket | Getty Images Dutch digital bank BUNQ said Tuesday that broker-dealer registrations have been filed in the US as it appears to expand […]