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Home weekly top 5 news The Everly Summary (weekly TOP5 news)

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!

N26 has done it again and they secured $100M in extended funding. N26 co-founder Maximilian Tayenthal said that the last month has already seen many people embrace banking from home, move away from cash and towards contactless payments and e-commerce.

Revolut has secured $500m in its recent Series D and is set to provide its customers with a super-app. Revoluts CEO Nikolay Storonsky has announced that Revolut seeks to acquire travel aggregators.

Alpian, a Swiss neobank launched by REYL that wants to attract wealthy customers. Revolut has also launched a licensed bank in Lithuania with insured deposits and Robinhood raised another $280 million at Series F funding after another successful month.

1st place: N26 raises another $100M in extended Series D

N26 extended its Series D funding round to $570M, the company is now valued at $3.5B.

No new investors participated in the round. James Fitzgerald from VC Valar Ventures said: “This funding extension will help an already well-funded and successful business take the lead at a time when people are embracing digital banking more than ever.”

2nd place: Revolut’s next step is acquisition of smaller fintech companies

Revolut raised $500m in its recent Series D funding round and is looking to use it to buy companies that have been hit by the coronavirus pandemic.

This has been confirmed in a recent interview for The Financial Times by Revolut’s CEO Nikolay Storonsky.

3rd place: Alpian is REYL’s digital neobank from Switzerland and it raised $12.5M

Alpian, a Swiss neobank launched by REYL, announced that it has secured CHF 12.2 million (around $12.5) in a Series A funding round.

Geneva-based REYL is set to launch Switzerland’s first digital private bank in 2021. Target customers are those who posses investible assets of between CHF100,000 and CHF1 million.

4th place: Revolut launches a bank to provide insured deposits

Revolut has launched a licenced bank in Lithuania, enabling the 300,000 customers in the country to safely deposit their salaries in deposit-protected bank accounts.

The challenger got its Lithuanian banking licence back in December 2018. But Revolut is also pursuing a UK banking licence and will likely try to obtain a US licence.

5th place: Robinhood raises $280M and pushes its value to $8.3B

The $280 million was raised at Series F funding. This round was led by Sequoia Capital.

In the Series F funding round existing and new investors were present including NEA, Ribbit Capital, 9Yards Capital, and Unusual Ventures.

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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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