Challenger Bank Dion.Money to Launch in August in the UK

Fazzaco learned that challenger bank Dion.Money has planned to launch in August in the UK, with the aim to “change the banking business head-on” with a personal account.

The bank will offer IBAN accounts and virtual and physical cards, promising over 250 individual ways to “replenish” your account.

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In addition, it also promised to provide free global transfer, currency exchange, health insurance and investment accounts.

Upon its launch, Dion.Money will be available as a paid model with an initial cost of € 9.99 per month. The company is also conducting a crowdfunding round at Indiegogo with a goal of € 200,000.

Challenger is run by i4n, a solution provider that claims to have developed “smart AI technology” to “make dynamic and immediate financial decisions.”