Category Archives: mobile banking

N26 opens tech hub in Vienna with a focus on security

Fintech startup N26 is opening an office, its fourth, in Vienna. Eventually, the company plans to hire 300 software engineers, product managers and IT specialists. N26 is building a mobile bank and has managed to attract 2.5 million users over the past few years. It raised a $300 million round back in January. This is interesting news, as the company says that the new tech hub will focus on security, in particular detecting fraudulent activity. N26 plans to use artificial intelligence to develop a sort of real-time […]

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U.S. mobile bank Chime raises $200 million, valuing its business at $1.5 billion

San Francisco-based mobile banking startup Chime announced this morning it has raised an additional $200 million in Series D financing led by DST Global, valuing its business at $1.5 billion. The oversubscribed round also included participation from new investors Coatue, General Atlantic, ICONIQ Capital and Dragoneer Investment Group, along with existing investors Menlo Ventures, Forerunner Ventures, Cathay Innovation and others. To date, Chime has raised approximately $300 million, including last year’s $70 million Series C, which then saw the company valued at $500 million. With the new […]

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Step targets teens and parents with a no-fees mobile bank account and Visa card

A new mobile banking startup called Step wants to help bring teenagers and other young adults into the cashless era. Today, cash is used less often, as more consumers shop online and send money to one another through payment apps like Venmo. But teenagers in particular are still heavily burdened with cash — even though they, too, want to spend their money on things that require a payment card, like Amazon.com purchases or mobile gaming, for example. That’s where Step comes in. The company aims to address […]

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