neobank

Neobank Chime lays off 12% of its 1,300-person workforce, or ~150, citing "current market dynamics"; Chime raised $750M at a $25B valuation in August 2021 (Maria Heeter/The Information)

November 2, 2022

[ad_1] Maria Heeter / The Information: Neobank Chime lays off 12% of its 1,300-person workforce, or ~150, citing “current market…

London-based GoHenry, a neobank for 6-18 year olds, raised a £49M+ Series B, and says its 2021 revenue was up 55% YoY to £30.5M and losses up 20x YoY to £30.5M (Amy O'Brien/Sifted)

October 13, 2022

[ad_1] Amy O’Brien / Sifted: London-based GoHenry, a neobank for 6-18 year olds, raised a £49M+ Series B, and says…

Jiko, a neobank that gives companies "low-cost access" to short-term US Treasury bills, raised a $40M Series B, bringing its total funding to $87.7M (Mary Ann Azevedo/TechCrunch)

October 7, 2022

[ad_1] Mary Ann Azevedo / TechCrunch: Jiko, a neobank that gives companies “low-cost access” to short-term US Treasury bills, raised…

Filings for Q1 2022: Varo, the first US neobank to be granted a bank charter, had a high $84M burn rate and 98% of its income came from interchange and fees (Jason Mikula/Fintech Business Weekly)

May 31, 2022

[ad_1] Jason Mikula / Fintech Business Weekly: Filings for Q1 2022: Varo, the first US neobank to be granted a…

Voyager Innovations, owner of popular Filipino financial app PayMaya and neobank Maya Bank, raises $210M led by SIG Venture Capital at a $1.4B valuation (Catherine Shu/TechCrunch)

April 12, 2022

[ad_1] Catherine Shu / TechCrunch: Voyager Innovations, owner of popular Filipino financial app PayMaya and neobank Maya Bank, raises $210M…