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!
Revolut’s CFO steps down after nearly half a year, fintech startup from Berlin called Penta raises €18.5M.
Trasnferwise partners with Chinese Alipay to reach out for new customers. Santander keeps on expanding with buying Mercury TFS.
And with regards to the widespread of coronavirus, Costa coffee accept cashless payments only.
David MacLean quits Revolut as a chief financial officer after just five months in the role.
Revolut has appointed a temporal chief financial officer but has not yet appointed MacLean’s replacement. It is likely that MacLean will nonetheless support Revolut on key projects until this summer.
Penta is a digital platform for business banking and it raised €18.5 million in the first closing of a new funding round backed by new and current investors. The company is headquartered in Berlin, with offices in Milan and Belgrade.
New investors are namely: RTP Global, ABN AMRO Ventures and VR-Ventures.
UK-based fintech startup TransferWise has enabled international money transfers to China through a partnership with Ant Financial’s Alipay.
Transferwise’s users will be able to send Chinese yuan from 17 currencies to users of Alipay.
Banco Santander announced on Friday it has acquired the majority stake in Mercury TFS, a Spain-based company that specializes in software solutions that automate the end-to-end management of trade finance transactions for corporate customers, for €30 million.
Costa Coffee decided to refuse cash payments amongst its 2500 branches in the UK.
Also, customers will no longer be able to sit in its shops due to the coronavirus epidemic.
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