New banks, Podcasts

The Challengers 10: Judo raises big bucks down under — Starling nears profitability — Revolut’s cards of many colors

  • Australia is home to a growing fintech scene and its first challenger bank just raised a war chest.
  • In this episode, Josh and Zack also explore the role of payments in digital bank offerings.
close

Email a Friend

The Challengers 10: Judo raises big bucks down under — Starling nears profitability — Revolut’s cards of many colors

Your hosts of The Challengers podcast Zack and Josh talk about Aussie challenger bank Judo and its success in raising a war chest of capital ($400 million). Unlike some other challengers, the Judo founders are in their fifties — not spring chickens — and are from the industry. The Australian fintech scene is definitely getting more interesting as new capital and new companies compete.

SubscribeApple Podcasts I SoundCloud I Spotify

Next up, Zack mentions Zero and its Zerocard‘s creative combination of debit card control with the rewards program of a credit card. It launched recently. We’re seeing challenger banks launch debit cards but also firms that have a niche or nuanced payment model, like Zero, back into being a challenger bank. At the end of the day, they may all be competing over the same customers

Josh dug into the Apple Card launch a bit as a prelude to discussing the move in the industry to launch multiple color cards made out of cool metals. He’s surprised it matters to some people but admits that it does influence their decisions. Revolut recently introduced four new colors of its metal cards.

Next up, your hosts discuss Starling Bank and its growth — the company is on its way to hitting £1B in deposits and profitability. The company doesn’t have the same global ambitions that its other UK competitors like Monzo and Revolut have but it’s turning into a formidable competitor.

Lastly, media firm Fox surprised everyone with an entrance into fintech with an acquisition of Credible, an online loan marketplace. Does this mean more media firms make strategic moves in the space?

0 comments on “The Challengers 10: Judo raises big bucks down under — Starling nears profitability — Revolut’s cards of many colors”

Podcasts

‘We see more and more nonprofits adopt the fintech model’: Prudential Financial’s Sarah Keh

  • Large financial organizations are increasing their work in their communities and with inclusivity.
  • Prudential's Sarah Keh joins us on the podcast to talk about her work with nonprofits and the city of Newark, New Jersey.
Zachary Miller | October 14, 2021
Podcasts

Embedding communications into financial services with Twilio’s Bijon Mehta

  • Twilio's embedded communications tools work behind the scenes in many of today's top fintechs and FIs.
  • Bijon Mehta, who leads the firm's work in financial services, joins us on the podcast to shed some light on where the firm grows from here.
Zachary Miller | September 21, 2021
Data, Podcasts

‘Data aggregation is used today in ways we wouldn’t have thought about five years ago’: Fiserv’s Kevin Hughes

  • Fiserv enables banks, credit unions, and fintechs to aggregate data seamlessly and securely.
  • Kevin Hughes, who manages the AllData products, talks to Tearsheet about changes in the aggregation field and where it's heading.
Fiserv | September 09, 2021
Podcasts

Behind the launch of the Dayforce Wallet: Ceridian’s Seth Ross

  • As a payroll provider, Ceridian moves $300 billion in wages yearly.
  • Seth Ross, who runs the firm's embedded finance group, joins the podcast to talk about Ceridian's move into banking and early wage access.
Zachary Miller | September 08, 2021
Podcasts

‘We bring the instant gratification from the lottery to help incentivize people to save’: Adam Moelis, Yotta

Zachary Miller | September 01, 2021
More Articles