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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 last week in a TOP 5 list!

Dutch challenger bank bunq announced in a blog post that since the start of COVID-19 in Europe, their total deposits grew by 23%. Bunq’s new users also deposited 280% more in May.

N26 announced N26 Business Metal, which is supposed to be the next step in N26’s efforts to create more flexible and tailored business banking experiences and to manage day-to-day finances more efficiently.

Like many challenger banks and fintech companies, Monzo has been hit hard by the COVID-19 crisis. This led to a drop in the value of the company by 40%. Starling Bank has integrated three new in-app products to its business banking platform. Tinkoff announced a partnership with goods.ru, a marketplace that brings together Russia’s leading online stores.

1st place: Bunq claims to be thriving despite the COVID-19

Dutch challenger bunq has seen growth in deposits and is hiring new staff as other neobanks are cutting jobs.

Since 2012 bunq was able to go live across 30 countries and has processed over €433m in user deposits.

2nd place: N26 launches new premium business account with a cashback offer

German challenger bank N26 launched N26 Business Metal this week, a new premium business account with an exclusive 0.5% cashback on purchases.

This acc. is focused to help freelancers, the self-employed and entrepreneurs to get the most out of their finances.

3rd place: Monzo’s valuation drops by 40% to £1.25B as it sealed a £60M funding round

Monzo bank is a key market player in the U.K. with more than 4 million customers, now it has confirmed it has closed £60 million in top-up funding.

But the paper value of the challenger bank now dropped from £2.0 billion to £1.25 billion.

4th place: Starling Bank introduces in-app Slack integration and other new features

UK challenger Starling Bank has integrated three new in-app products to its business banking platform.

Starling has managed to add messaging app Slack, energy switching service Bionic and health insurance provider Equipsme. 

5th place: Tinkoff super app now features the goods.ru marketplace

Tinkoff is consistently trying to expand the range of lifestyle services offered in its super app. Now the Russian challenger bank announces a partnership with goods.ru, a marketplace that brings together Russia’s leading online stores.

This will enable customers to shop at goods.ru right from the Tinkoff app and receive 5% cash back for each purchase.

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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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