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Tag: neobank

Microsoft and Uber alum raises M for YC-backed Munify, a neobank for the Egyptian diaspora
  • Technology

Microsoft and Uber alum raises $3M for YC-backed Munify, a neobank for the Egyptian diaspora

Admin9 months ago09 mins

Khalid Ashmawy remembers the first time he wired money home while studying in Europe. He had just received his monthly stipend as a master’s student in Stuttgart and wanted to send part of it back to his family in Cairo. It was usually a slow and expensive process, he recalled. A $400 wire transfer, for…

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Monzo’s pivot from cool to corporate: ‘freshness is not about gimmicks’
  • Technology

Monzo’s pivot from cool to corporate: ‘freshness is not about gimmicks’

Admin1 year ago08 mins

Monzo, Britain’s biggest digital bank, is still synonymous with its neon debit cards, extensive use of emojis, and free spending abroad. But it’s no longer just trying to be cool; it’s trying to become a major financial institution. That shift, from an upstart fintech beloved by millennials into a mature, sustainable business, is what makes…

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#German fintech unicorn N26 just had its first profitable quarter
  • Technology

#German fintech unicorn N26 just had its first profitable quarter

Admin2 years ago04 mins

Ten years after pitching on stage at TechCrunch Disrupt in London, fintech N26 has reported its first ever quarterly (pre-tax) profit. The challenger bank with millions of customers across Europe generated a net operating income of €2.8 million during the third quarter of 2024 (or $2.9 million at current exchange rates). This is an important…

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