Tag: neobanks

Activity, Corporate Banking, Regulations

2020 review: A year which saw fintechs cut jobs, pay & business arms

December 29, 2020

Via: FinTech Futures

Alternative lenders struggled through long accreditation processes and dried up reserves, before eventually taking on loans which carry the potential risk of high default rates. Neobanks could no longer rely on interchange fees as a main source of income, prompting […]

Capital and Risk, Operational

Digital Banking Startup Loot Raises $2.9M Series A

December 15, 2017

Via: Bank Innovation

Another digital banking startup has raised funding this week, this time to expand a current account offering aimed at students and millennials. Loot, a startup begun in 2014 by founder Ollie Purdue — who was finishing up school at the […]