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The Digital Banking Race: Nubank vs Revolut

SoFi Unlocks Private Markets for Retail Investors

Hey Digital Banking Fanatic! First, it was Robinhood. Now, SoFi is giving everyday investors a chance to back private companies like SpaceX, OpenAI, and Epic Games. As CEO Anthony Noto put it: "SoFi is expanding alternative investment opportunities for a new generation of investors." SoFi already offers access

Monzo Faces £21M Penalty Over Compliance

Hey Digital Banking Fanatic! The FCA has fined Monzo Bank £21.1 million, which is about 1/3 of its latest pre-tax profit! 🤯 Monzo CEO TS Anil responded: “The FCA’s findings relate to a historical period that ended three years ago… with our learnings at the time leading to

Revolut Faces UK Licence Delay, Halts Hungary Services

Hey Digital Banking Fanatic! Revolut’s regulatory hurdles are piling up. It's still waiting on a key UK credit licence and is now suspending services in Hungary. Meanwhile, Monzo doubles down in Ireland with a fresh €2m investment, expanding its European footprint while Revolut navigates setbacks. And it’

Zopa Opens Second UK Hub in Manchester

Hey Digital Banking Fanatic! Zopa, which recently reached 1.5 million customers, is growing across all fronts. The digital bank just announced that, in addition to its London office, it will open a new one in Manchester. The launch is set for early August, with initial plans to recruit around

Revolut, OakNorth Consider LSE’s Pisces Platform

Hey Digital Banking Fanatic! Some of the UK’s best-known digital banks, like Revolut and OakNorth, have met privately with over 20 firms to explore joining the new Pisces private stock market, after being approached by the London Stock Exchange. Supported by a new rulebook from the FCA, it is

Circle and Qonto Are Going After Banking Licenses

Hey Digital Banking Fanatic! Quick one before we dive into your daily dose of news updates. For the first time, I am sharing a full media kit that has partnership opportunities with Connecting the Dots in FinTech... at your fingertips. Want in? Just drop your email here, and I will

Klarna’s Neobank Pivot Ahead of U.S. Listing

Hey Digital Banking Fanatic! For all the new products Klarna has launched, and despite public efforts by its CEO to shift perception, the company’s name still evokes “buy now, pay later” for many consumers and investors. This comes as Klarna prepares for a second U.S. IPO, after putting

Spendbase Launches Digital Banking & Virtual Cards to Boost Expense Control for Businesses

Hey Digital Banking Fanatic! Spendbase, the platform known for helping companies reduce costs on software and cloud services, is expanding into digital banking, providing businesses with even greater transparency and control over their spending. With this new offering, companies can now: * Instantly open EU and UK IBAN accounts * Move money

Revolut Reaches 60M Users, Acquires Bank in Argentina

Hey Digital Banking Fanatic! Revolut has just over 60 million customers 🤯, marking 60% of the way toward its customer target. This comes seven months after CEO Nik Storonsky shared his broader vision in a conversation with Martin Mignot at Slush: "Revolut’s future? nr1 Global Bank in 100 countries

Nubank’s NuCel Gets a Physical Chip

Hey Digital Banking Fanatic! Nubank is expanding its presence in the telecom market. After launching NuCel last year with only eSIM support, the company is now introducing physical SIM cards. The service remains the same: national coverage, unlimited calls, free WhatsApp usage, and fixed monthly plans. By adding physical SIM

Zopa Steps Into Current Accounts, Targets 5 Million Users in 3 Years

Hey Digital Banking Fanatic! Zopa Bank, long associated with its lending products, is moving deeper into the current account market with the launch of Biscuit, a digital account offering cashback and savings interest rates above 7%, well above the Bank of England’s 4.25% base rate. Founded as a

Amsterdam's Finom Scores $133M Series C, Two Raises in One Quarter Push Total to $346M

Hey Digital Banking Fanatic! Well, that didn’t take long... Just about 8 weeks after raising a $105M (€92.7M) non-traditional funding round from General Catalyst, Amsterdam-based neobank Finom is back with another headline. This time, a fresh $133 million (€115 million) equity injection in Finom's Series C

Revolut Quietly Advances Stablecoin Plans

Hey Digital Banking Fanatic! The stablecoin conversation isn’t going away... and in FinTech, it’s becoming harder to ignore. Revolut hasn’t shelved its plans. In fact, the neobank is now moving forward with advanced efforts to issue its stablecoin. The neobank has been working on the project since