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

Inside FIS’ fintech accelerator

  • FIS has announced a new cohort for its fintech accelerator.
  • Tearsheet sits with the head of the accelerator and a founder of a participating company to understand how it works.
Zachary Miller | September 21, 2020
Payments, Podcasts

Payoneer’s Charles Rosenblatt: ‘We found a way to play on both sides of the market’

  • Charles Rosenblatt has a long career in payments.
  • Joining Payoneer recently as chief strategy officer, he joins us to discuss the company's progress and future plans.
Zachary Miller | September 14, 2020
Finance Everywhere, Podcasts

Inside Shopify’s financial services strategy

  • Shopify provides more than a million merchants with the tools they need to start, manage and grow their businesses.
  • By looking after all aspects of business operations in one place, Shopify is able to build financial products -- including banking, money management, credits and payments -- that are tailored to sellers’ needs.
Suman Bhattacharyya | September 11, 2020
Online Lenders, Podcasts

Zest AI’s Mike de Vere: ‘You don’t have to give up economics to be more fair’

  • Machine learning and AI models are changing the face of lending.
  • They're able to clarify the tradeoffs between fairness and economics and optimize them.
Zachary Miller | September 08, 2020
New banks, Podcasts

BMO Harris’ Niamh Kristufek on empowering women in fintech

  • Fintech firms with women at the helm don't receive the same attention and investment dollars.
  • BMO Harris partnered with 1871 on a cohort of women-led fintech firms with the bank's mentorship and programming.
Zachary Miller | September 01, 2020
More Articles