Dave to go public via merger with SPAC at $4B valuation

Dave to go public via merger with SPAC at $4B valuation

Dave, a California-based challenger bank, personal finance app and earned-wage access provider, announced plans to merge with VPC Impact Acquisition Holdings III, Inc., a special-purpose acquisition company sponsored by Victory Park Capital.

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Square to roll out checking and savings accounts for business customers

Square to roll out checking and savings accounts for business customers

Square is quickly expanding its territory beyond payments. The firm, which obtained a bank charter in March, is reportedly on the cusp of offering checking and savings accounts for its small-business customers.

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Personal finance app Eco hedges its bets on crypto’s fortunes

Personal finance app Eco hedges its bets on crypto’s fortunes

Eco, a personal finance app that takes deposits and offers savings accounts paying 2.5-5% interest, appears to undertake a lot of banking activities without positioning itself as a bank or a cryptocurrency firm.

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Wells Fargo launches 10-year strategy to reach unbanked consumers

Wells Fargo launches 10-year strategy to reach unbanked consumers

Wells Fargo is launching a 10-year initiative to bring unbanked and underbanked Americans into the financial system.

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Banking startups Current, Step, and Greenlight together score $580M in funding

Banking startups Current, Step, and Greenlight together score $580M in funding

Investors are making serious bets on digital banking apps for young people. This week, three major companies in this space secured investments: Greenlight, which focuses on kid-friendly accounts

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Till expands the concept of teen banking in launch of family challenger bank

Till expands the concept of teen banking in launch of family challenger bank

Till, a fintech founded by dads Tom Pincince, Taylor Burton, and Brian Chemel, markets itself as the first collaborative financial platform specifically built for families.

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Goldman invests $69M in Starling Bank as it expands European footprint

Goldman invests $69M in Starling Bank as it expands European footprint

Goldman Sachs, whose Marcus digital banking brand in the U.K. recently reopened savings accounts deposits after a nearly 8-month pause, is investing £50M ($69M) in neobank Starling, barely a month after Starling closed a $381M funding round.

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Chase poaches head of product from Goldman’s Marcus

Chase poaches head of product from Goldman’s Marcus

Marcus by Goldman Sachs, which likens itself to a fintech startup operating inside a large bank, is these days looking more like a legacy bank unit facing a flight of talent – the latest being head of product Sonali Divilek.

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Mastercard launches carbon calculator for banks

Mastercard launches carbon calculator for banks

Mastercard is teaming up with Sweden-based fintech Doconomy on the launch of the Mastercard Carbon Calculator, a feature which banks can embed into their apps.

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Banking tech company Alkami plans blockbuster $2B IPO

Banking tech company Alkami plans blockbuster $2B IPO

Alkami, a 12-year-old Texas-based banking technology startup with a cloud-based platform for banks and credit unions, announced an initial public offering (IPO) at a $2B valuation.

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Banking tech provider Q2 acquires account-switching software firm ClickSWITCH

Banking tech provider Q2 acquires account-switching software firm ClickSWITCH

Q2, an Austin-based publicly-traded company that specializes in banking and lending technology solutions, has acquired ClickSWITCH, a 7-year-old Minneapolis-based fintech that developed a patent account-switching solution.

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Walgreens to roll out bank account, following in the footsteps of Walmart

Walgreens to roll out bank account, following in the footsteps of Walmart

With more than 9,000 stores across the U.S. and interactions with 8 million customers in-store and online, pharmacy retailer Walgreens is now betting on financial services in a tie-up with card issuer MetaBank and payments provider InComm Payments.

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Big banks back Black & Latinx-focused neobank Greenwood’s $40M Series A fund raise

Big banks back Black & Latinx-focused neobank Greenwood’s $40M Series A fund raise

Greenwood, a digital banking platform aimed at Black and Latinx communities, has secured $40M in Series A funding after securing a $3M seed round in October.

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Neobanks let customers jump queue with early stimulus payouts

Neobanks let customers jump queue with early stimulus payouts

With the approval of the coronavirus relief package, consumers anxiously await their stimulus deposits, an area where digital-only banking startups are pulling ahead of incumbent players.

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Starling Bank crosses 2 million accounts, achieves unicorn status

Starling Bank crosses 2 million accounts, achieves unicorn status

Starling Bank, a 7-year-old U.K. neobank, crossed 2 million accounts on the heels of its biggest fund raise yet: $376M, led by Fidelity investments.

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