Sign in Subscribe

News

Lunar Reaches 1 Million Users Across the Nordics

Lunar Reaches 1 Million Users Across the Nordics

Hey Digital Banking Fanatic! The Nordic digital bank Lunar has reached a new stage, surpassing 1 million users, including 25,000 businesses. Since securing its banking license in 2019, the bank has expanded beyond Denmark into Sweden and Norway, operating in one of the wealthiest countries in the world, with

OakNorth Expands U.S. Footprint with Key Acquisition

OakNorth Expands U.S. Footprint with Key Acquisition

Hey Digital Banking Fanatic! OakNorth, the UK-based digital bank for SMEs, is strengthening its foothold in the U.S. market. Following a strong financial performance in 2024, the company has announced its acquisition of the Michigan-based Community Unity Bank in a stock-for-stock deal. This move builds on its earlier expansion

AI-Driven Cleo Doubles Revenue, Reaches $185M

AI-Driven Cleo Doubles Revenue, Reaches $185M

Hey Digital Banking Fanatic! Cleo’s 2024 mission report is here, and the numbers tell a clear story. Annual recurring revenue has reached $185 million—twice last year’s figure. One million people now check in monthly, fueling 73 million conversations. Behind the scenes, Cleo has analyzed 3 billion transactions

Revolut Expands Team Ahead of UK Banking Approval

Revolut Expands Team Ahead of UK Banking Approval

Hey Digital Banking Fanatic! Revolut is moving closer to becoming a fully licensed UK bank, with plans to complete its "mobilization phase" by July. Since securing its restricted banking license last summer, the company has grown its UK banking division from 35 to over 100 employees, aiming to

Monzo Officially Expands to Under 16 Accounts

Monzo Officially Expands to Under 16 Accounts

Hey Digital Banking Fanatic! This week marks an interesting moment for youth banking in Europe. Following Lunar’s launch of Lunar Youth in Scandinavia, Monzo has officially rolled out its first account for children aged 6 to 15 in the UK. Until now, Monzo only offered accounts for those over

Lunar Brings Bank Accounts to Children

Lunar Brings Bank Accounts to Children

Hey Digital Banking Fanatic! Lunar has introduced bank accounts for kids and teens, launching Lunar Youth across Denmark, Sweden, and Norway. The offering provides children aged 7 to 14 with full national bank accounts and customizable payment cards, placing Lunar in direct competition with FinTech platforms like Revolut, MyMonii, and

Finovifi Acquires MBS To Boost Boosts Core Banking Capabilities

Finovifi Acquires MBS To Boost Boosts Core Banking Capabilities

Hey Digital Banking Fanatic! Finovifi is expanding its footprint in community banking with the acquisition of Modern Banking Systems (MBS) and its Alabama-based distribution partner, MBSAL. The deal, announced without financial details, brings MBS’s real-time core banking software into Finovifi’s portfolio, which already includes AI-driven fraud prevention and