5 Reasons Why Neobanks Are So Cool (And There Is No Trouble With Tandem)

Neobanks and challenger banks raised more than $300M of investments in the last year, as you can find in the new issue of Money Of The Future annual FinTech report.

Three weeks ago Atom Bank, a UK-based startup that is pioneering a mobile-only bank targeting consumers between the ages of 18 and 34, has raked in another $102 million in funding led by BBVA. The funding lends Atom a post-money valuation of £261 million ($320 million). The company plans to use the funding to keep building out its customer base and services, and also provide capital for lending.

German N26 is now available in 17 European countries and has opened 300,000 bank accounts for its user base: most users still live in Germany and Austria; there are 30,000 users in France and 10,000 users in Spain and Ireland. 1,000 people sign up to N26 e ...

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