banking license

Singapore’s Payment Services Act To Regulate Crypto Firms
Singapore’s Payment Services Act To Regulate Crypto Firms
January 27, 2020  |  Cryptocurrency

Singapore is aiming to boost cryptocurrency firms by offering them a chance to apply for operating licenses. The move, called the Payment Services Act, will...

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B2B Neobank Qonto Gets $115M In Series C Round
B2B Neobank Qonto Gets $115M In Series C Round
January 21, 2020  |  B2B Payments

Qonto, a French startup Neobank that caters to B2B clients, has raised $115 million in a Series C funding round led by DST Global and...

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Goldman Gets Green Light To Operate Bank In South Africa
Goldman Gets Green Light To Operate Bank In South Africa
January 20, 2020  |  International

As Goldman Sachs seeks further expansion in the South African economy, the financial services company joined the Johannesburg Stock Exchange’s interest-rate and currency-derivatives market, Bloomberg...

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UK SMB Lending Challenger B-North Raises $2.6M
UK SMB Lending Challenger B-North Raises $2.6M
January 02, 2020  |  B2B Payments

U.K. startup B-North has raised £2 million (€2.34 million or $2.6 million USD) from existing and new investors through equity crowdfunding platforms Crowdcube and GrowthFunders, according to...

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South Korea FinTech Gets Initial Approval For Online Bank
South Korea FinTech Gets Initial Approval For Online Bank
December 16, 2019  |  Digital Banking

South Korean FinTech startup Viva Republica, creator of the financial services platform Toss, was granted preliminary approval for a digital banking license from the Financial...

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Zopa P2P Lender To Land 12th-Hour Investment To Become Bank
Zopa P2P Lender To Land 12th-Hour Investment To Become Bank
December 01, 2019  |  Investments

Peer-to-peer (P2P) lender Zopa will secure a £130 million ($1.67 million USD) investment that it needs to become a challenger bank. The news comes days...

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Neobank Northmill Gets Swedish Banking License
Neobank Northmill Gets Swedish Banking License
September 13, 2019  |  Digital Banking

The FinTech Northmill, which offers cloud-based financial services, was awarded a banking license from the Swedish Financial Supervisory Authority (SFSA) on Friday (Sept. 13), according...

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Digital Banking, With Millennial, Mobile – And Governmental – Tailwinds
Digital Banking, With Millennial, Mobile – And Governmental – Tailwinds
September 11, 2019  |  Digital Banking

Kill the check. Shutter the branch. Make that leather wallet a mobile one, wielded on smartphones. The push toward digital banking seems an inexorable one, with the...

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Nigerian FinTech Kuda Raises $1.6M For Digital Banking Tech
Nigerian FinTech Kuda Raises $1.6M For Digital Banking Tech
September 11, 2019  |  Investments

Kuda, Nigeria’s first digital-only bank with a standalone license, has raised $1.6 million in pre-seed funding led by Haresh Aswani, as reported on Wednesday (Sept....

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