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!
Senior executives are fleeing challenger banks as the lead of wealth and trading from Revolut – Andre Mohamed is departing as well.
Curve launched numberless cards for their “investors” which are people who added money to their crowdfunding campaign. Starling launched “Connected” card to tackle the covid.
Blossom Capital’s launches ‘Cultivate’ to help European startups become unicorns and Revolut embraces cryptocurrencies as an option to safely invest.
1st place: Revolut’s head of wealth and trading André Mohamed set for depart
He was hired to lead wealth and trading products at Revolut, the $5.5bn challenger bank. Now he is set to leave the company after 18 months in the role.
André Mohamed is among everything else a former Freetrade co-founder. André Mohamed joined Revolut in November 2018, just weeks after the public launch of Freetrade, a rival share trading app.
2nd place: Curve launches numberless investor cards
Curve is a digital banking platform that consolidates multiple cards and accounts into one smart card and app.
And now it has become one of the first companies in Europe to provide clients with numberless cards.
3rd place: Starling Bank launches a “Connected card” to tackle COVID
Starling Bank has just announced the ‘Connected card’.
This is a second card that customers can link to their existing accounts and give it to anyone they trust to pay for groceries and other essential items on their behalf.
4th place: Klarna and Transferwise will join new investor platform called Cultivate
Blossom Capital’s ‘Cultivate’ is an angel program seeking to back European unicorns. Ophelia Brown from BC has described it as “the first-of-its-kind investor platform.”
Blossom Capital closed a new $185 million fund to continue backing early-stage European startups and is announcing a new angel investment program seeking to back European unicorn alumnus.
5th place: Safe haven during a crisis? Revolut backs cryptocurrency as one
Last week Revolut announced that it will provide cryptocurrency to all seven million customers.
At the same time, central banks give unprecedented momentum to their economies to mitigate the harmful effects of the coronavirus pandemic.
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