Monzo founder Tom Blomfield is departing the challenger bank and says he’s ‘struggled’ during the pandemic –

Monzo founder Tom Blomfield is departing the U.K. challenger bank entirely at the end of the month, staff were informed earlier today. Blomfield held the role of CEO until May … Read More

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HMBradley raises $18.25 million planting a flag as LA’s entrant into the challenger bank business –

With $90 million in deposits and $18.25 million in new financing, HMBradley is making moves as the Los Angeles-based entrant into the challenger bank competition. LA is home to a … Read More

Nordic challenger bank Lunar raises €40M Series C, plans to enter the ‘buy now, pay later’ space –

Lunar, the Nordic challenger bank that started out life as a personal finance manager app (PFM) but acquired a full banking license in 2019, has raised €40 million in Series … Read More

Small business challenger bank Finom raises another $12 million to expand in Europe –

B2B financial service start-up Finom — which provides online financial services for SMEs, freelancers, and the self-employed in Europe — has raised an additional $12 million (€10.3 million) to add … Read More

Xiaomi backs Dyson’s Chinese challenger Dreame in $15 million round – TechCrunch

Once known for its affordable smartphones, Xiaomi has in recent years been transforming itself into an online mall for consumer electronics by making deals and building relationships with hundreds of … Read More