What to consider before opening a business bank account
With a number of new challenger banks gaining attention over traditional banks, there’s a lot to consider before opening a business bank account.
Tag: Challenger Banks
Challenger bank Monzo launches overdrafts for eligible users
Monzo Bank has launched overdrafts for account holders after the challenger announced it had reached a milestone of 500,000 customers just one month ago.
Metro Bank offers leg up to SME customers with new partnership
Metro Bank has sought to provide its SME customers with access to a wealth of bespoke advice and resources by partnering with the Forum of Private Business (FPB).
A new CFO’s account of closing a £154m institutional funding round
Having only been in the job a few months before overseeing an ambitious £154m institutional funding round, Cristina Alba Ochoa explained her approach to the process and what it’s like working for OakNorth Bank, a challenger financier.
Starling Bank becomes latest challenger to launch business account
In a market dominated by new entrants, Starling Bank has followed up what it it called Britain’s first mobile-only current account with a business offering.
New CFO joins entrepreneurial bank OakNorth as lending approaches half a billion pounds
OakNorth has appointed a new CFO as it approaches the £500m lending milestone, while it plans to unlock access to finance for many more entrepreneurs this year.
Four biggest digital challenger banks have now raised £332m time for incumbents to be scared
While the disruption of financial services has been going on for a number of years now, the capital banked by four of the most advanced digital challenger banks is hugely significant.
Metro Bank commits £1bn lending fund to UK businesses
Metro Bank has started the New Year with an immediate push for new customers by pledging a £1bn fund for British businesses.
Unpacking the banking competition watchdogs groundbreaking new report
High street banks must have known it was coming, but a new report from the Competition and Markets Authority (CMA) has put some firm dates for technical innovation in place – and some banks may be led kicking and screaming into a brave new world.
Soon-to-launch challenger bank Mondo seeks 1m investment from customers
Challenger bank Mondo, which is mobile-first by design, is in the midst of a £6m hybrid investment round and wants customers to become investors by contributing £1m through equity crowdfunding service Crowdcube.