Welcome to Everly.eu’s weekly summary. Let’s see the most important news we have covered during the week in a TOP 5 list!
1st place: Swedish fintech Klarna posts first-ever annual loss
Swedish financial technology start-up Klarna has reported an annual loss for the first time, following years of profitability.
Klarna, which lets people buy items online and pay for them over installments, reported a loss of 1.1 billion Swedish krona ($113 million) on revenues of 7.2 billion krona from January to December 2019.
2nd place: HSBC to close 27 more branches this year!
HSBC is to shut 27 branches this year putting almost 50 jobs at risk. The bank, which announced last week it would cut 35,000 jobs around the world, including “meaningful” reductions in the UK, said it would invest almost £34m in its remaining network of 594 branches, 49 of which are to be refurbished this year.
3rd place: Mastercard to triple technology jobs in Ireland to 2,000!
Mastercard Inc. seeks to hire 1,500 more staff at its global technology hub in Dublin. That would mean more than trebling the size of its workforce in Ireland’s first major multinational jobs announcement of 2020. Hiring is expected in over the next three to five years.
4th place: Mastercard announces Michael Miebach will be the new chief
Mastercard announced that Ajay Banga, President and Chief Executive Officer, will transition to the role of Executive Chairman of the Board of Directors of Mastercard Incorporated on January 1, 2021. Mastercard’s Board unanimously elected Michael Miebach, Chief Product Officer, to become Chief Executive Officer.
5th place: UK’s most valuable fintech startup? Revolut!
The digital bank Revolut has become the UK’s most valuable financial technology startup after a funding round that more than tripled its value to £4.2bn.
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