Europe has been the bright spot for challenger banks and neobanks over the past decade. Since 2011, European neobanks’ customer base has grown by more than 15 million, according to a research by AT Kearney. It’s projected that by 2023, the region’s neobanks will win up to 85 million customers.
Fire is a challenger bank from Ireland that helps businesses to manage payments with digital accounts and debit cards and which supports a range of payment services all accessible via a powerful API. Founded in 2009, the company provides dual-currency euro and sterling accounts to businesses in the UK and Ireland, as well as personal accounts.