neobanks

French B2B neobank Qonto reaches 600,000 customers, files for banking license

Fintech /

“Is Qonto a real bank?” is one of the top suggested questions in Google searches about the French fintech startup. The answer is no, but it could change: Qonto has filed for a banking license in France, CEO Alexandre Prot revealed. Qonto, which targets European freelancers and SMBs, currently operates with a payment institution license […]

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French B2B fintech Qonto reaches 600,000 customers, files for banking license

Fintech /

“Is Qonto a real bank?” is one of the top suggested questions in Google searches about the French fintech startup. The answer is no, but it could change: Qonto has filed for a banking license in France, CEO Alexandre Prot revealed. Qonto, which targets European freelancers and SMBs, currently operates with a payment institution license

French B2B fintech Qonto reaches 600,000 customers, files for banking license Read More »

SMB-focused Finom closes €115M as European fintech heats up

Fundraising /

While funding may be scarce for some, Europe’s fastest-growing startups still have their pick. The latest beneficiary of that investor appetite is Finom, a five-year-old, Amsterdam-based challenger bank that targets small and medium-size businesses across Europe. The company, which claims to have doubled its revenue in 2024, just closed a €115 million Series C equity

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Founded in war-torn Sudan, YC-backed Elevate now provides fintech to freelancers globally

Startups /

In early 2022, the fintech startup Bloom — not to be confused with the Gen Z-focused investing app, or the heavily capitalized revenue financing platform — was accepted into Y Combinator as the first-ever startup from Sudan to participate in the famed accelerator. Alongside its four founders’ track records at Amazon, Meta, IBM, and Goldman Sachs,

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Romanian startup FintechOS raises $60M to help old banks fight back against neobanks

Fintech /

Over the years, fintech startups, particularly neobanks, have thrown a cat among the pigeons in banking and finance by building whole new banking software stacks. But a startup out of Romania decided to build tools that help older banking and insurance companies provide the newer features and products offered by the new upstarts.  FintechOS’ low-code

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Fintech Mercury, whose B2B business is caught up in regulatory scrutiny, expands into consumer banking

Fintech /

Business banking startup Mercury, founded in 2017, is now launching a consumer banking product. Mercury today serves more than 100,000 businesses, many of which are startups, via its B2B practice. The expansion is a natural move for the company and one that has been in the works for a couple of years, according to Immad

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