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Neo Financial, a Canadian digital-first banking and financial products company, raised $68.5M in equity funding. The round supports the launch of a securitization program and continued platform expans...

Canadian challenger bank Neo Financial raised $360M to accelerate growth and position itself as a leading alternative to traditional banks. Notable investors include Shopify founder Tobi Lütke, Slack ...

Visa announced a pilot program enabling fintechs to offer Bitcoin and cryptocurrency trading and custody through Visa's crypto APIs. First Boulevard, a Black-owned digital bank, was named the first pa...

Neonomics and Bislab announced a partnership to develop embedded finance solutions for financial institutions and insurance companies. The collaboration combines Neonomics' open banking infrastructure...

Affinity Plus Federal Credit Union launched Bank Dora Financial on September 28, 2021, as the nation's first credit union-based neobank app. The digital-only banking cooperative specifically targets l...

LendingClub Corporation completed its acquisition of Radius Bancorp, a digital bank that served as a sponsor bank for fintechs. The deal created the first publicly traded U.S. neobank and full-spectru...

Brazilian neobank Neon raised $300 million in Series D funding with participation from BBVA. Neon operates as a full-stack digital banking platform in Brazil. The investment reflects continued interes...

American Challenger, a neobank, saw its planned merger with Patriot Bank, a charter bank, hit significant complications involving a disputed Credit Suisse commercial loan portfolio. The deal was centr...

Nerve, a neobank built for musicians, launched with Piermont Bank providing FDIC-insured white-label business debit and savings accounts. The platform integrates streaming data and musician networking...

Google-backed Indian neobank Open acquired consumer fintech Finin for approximately $10 million. The acquisition is intended to strengthen Open's Zwitch embedded finance platform. Finin's consumer-fac...

Challenger bank Nerve launched public APIs in February 2022 enabling creator platforms to embed digital banking services. Features include instant payouts, transaction data access for loans and invoic...

Trigger Software partnered with cloud-native banking platform Mambu to launch Neobank Engine, a pre-configured middleware solution. The product includes 300+ screens and 150+ processes covering KYC, o...

Mashreq Bank sold a majority stake in its payments subsidiary Neopay to a consortium including Dgpays and Arcapita for $385 million, retaining a minority position. The deal separates Neopay's embedded...

Paris-based SME neobank Qonto raised €104M as part of a €136M total round from Tencent, DST Global, Valar Ventures, Alven, and the European Investment Bank. The funding supports European expansion and...

Nordic fintech Rocker partnered with card-as-a-service provider Enfuce to build out its neobank platform. Enfuce provides the underlying card issuing and payment processing infrastructure. The partner...

Qolo launched its B2B payments hub offering card processing, cross-border FX, neobanking with prepaid and debit cards, and flexible account structures. The platform targets gig economy payouts and mar...

PayPal Ventures made a strategic investment in Neon, a Brazilian digital banking fintech. The investment strengthens PayPal's presence in the fast-growing Latin American fintech market. Neon offers di...

U.K.-based Fintech Farm raised $7.4 million in seed funding led by Flyer One Ventures and Solid to launch neobanks in emerging markets including Nigeria and Azerbaijan. The startup uses a banking-as-a...