FinTech news in challenger bank category

Revenue can be broken down in three big pillars: cards, subscriptions, and foreign exchange

As N26 and Bitpanda have likely agreed to share revenue coming from N26 Crypto, the new feature should contribute to the company’s bottom line. Similarly, when you cash out with N26 Crypto, you will get EUR in your main N26 account — no need to transfer money back to your bank account. Challenger bank N26 is launching a new trading feature in its app — N26 Crypto. N26 is going to slowly roll out N26 Crypto across Europe.

Union54 can reach an agreement with participating central banks and issue its own domestic and continental debit card, it can shorten settlement time and integrate more local payments native to the region. Mlambo also added that through his and a few colleagues’ work via the African Renaissance Conference, Union54 has gotten in touch with three central banks keen to explore how settlement agreements would work with a new card scheme.

While 73% of financial articles targeting men focused on investing, 90% of the financial articles targeting women focused on spending less. This leads to a disconnect between women’s financial priorities (which may be more focused on longer-term stability as opposed to short, risky financial gains) and what the financial services industry typically emphasizes.

But while that seems to foreshadow that Lunar definitely has ambitions to move beyond its Nordic shores (with a name and stratospheric association to match that), the startup is actually still focused on building out services that ferret out what the incumbents are still not providing, to build those services into the Lunar platform, not least because he points out that Nordic consumers and businesses are some of the most lucrative not just in Europe but the world in terms of the value-added services they take, the money they transact with and so on.

In a market full of challenger banks — and some very close Vivid competitors such as Sequoia-backed neobroker Trade Republic — Vivid’s backers believe the company’s traction and all-in, easy approach that appeals to new consumer investors will see the company picking up more users and usage as it expands.

Human rights activist and Mos founder Amira Yahyaoui couldn’t afford to go to college, so when she first launched a platform to connect students to scholarships, the innovation felt full circle. It an evolution from Mos as an edtech business built to help students navigate their way through applying and attending college into a fintech that can support the same user base through all of life’s similarly complicated demands.

But it’s interesting to see that Revolut is still releasing new features in the U.S. in order to build a financial super app that works across multiple markets.

While there are still a lot of SMEs that are not using Qonto in France, Germany, Spain and Italy, Qonto also plans to enter new market in 2023.