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The Everly Summary (weekly TOP5 news)

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.

1st place: Revolut’s CFO steps down, cites personal reasons

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.  

2nd place: Penta raises €18.5 million in last financing round

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.

3rd place: TransferWise and Alipay became partners to enable money transfers to China

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.

4th place: Santander buys majority stake in fintech Mercury TFS

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.

5th place: Costa Coffee to go cashless as coronavirus spreads

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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Jan Cerny
Jan is an innovation enthusiast and Fintech news reporter. He specializes in news distribution, social media, and content analysis.

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