8.6 C
New York
Tuesday, April 16, 2024
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 last week in a TOP 5 list!

Audit by Ernst & Young revelead missing cash worth €1.9bn on Wirecard accounts. Wirecard’s former CEO, Markus Braun has been arrested on suspicion of false accounting and market manipulation and Wirecard is filing for insolvency. The company has filed for insolvency with German regulators.

Checkout.com has tripled its market valuation to $5.5 billion after banking a $150m Series B funding. This comes just a year after the company has become a “unicorn” after it has raised a record sum of $230m in Series A.

Curve is partnering with Samsung in the U.K. to power its forthcoming “Samsung pay card”. Mastercard has bought the Salt Lake City-based fintech Finicity and british P2P lender Zopa has just launched a new digital bank after being granted a full UK banking licence.

1st place: Wirecard says missing €1.9 billion probably does not even exist

Wirecard is a German payments company and its shares have fallen by more than 90% after the auditors from Ernst & Young had raised questions over cash balances worth €1.9bn last week.

2nd place: Checkout.com closes $150m Series B round as it triples its valuation to $5.5bn

London-based payments startup Checkout.com has tripled its market valuation to $5.5 billion after banking a $150m Series B funding round and has remained profitable in the eight years since its foundation in 2012.

Last year, Checkout.com has raised a record sum of $230m in Series A and secured the “unicorn” status for the company.

3rd place: Curve partners with Samsung for the launch of “Samsung Pay Card”

Curve, is a fintech company that lets you collect your bank cards into a single card and app. Now it is partnering with Samsung in the U.K. to power its forthcoming debit card, which is scheduled to launch later this year.

4th place: Mastercard acquires Finicity for $825 million to advance in open banking

Mastercard has bought the Salt Lake City-based fintech Finicity. With this move, the card issuer aims to strengthen its open banking platform and expand financial services through more real-time access to data.

5th place: Zopa secures long-awaited UK banking licence

British P2P lender Zopa has just launched a new digital bank after being granted a full UK banking licence.

This was awaited since December last year, when Zopa confirmed a £140 million fundraise, enabling it to meet regulatory capital requirements for its advancement into banking.

Thanks for joining us and be sure to subscribe to our Twitter account to get more exciting fintech news every day!

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

Recent posts

NEW Revolut UK CEO to make Conference Debut at MoneyLIVE Summit

MoneyLIVE has today announced that Revolut’s newly appointed UK CEO will be making her conference debut at MoneyLIVE Summit 2024, which is...

2024’s Financial Innovators: A New Era of Banking Startups 

In the wake of the COVID-19 pandemic, our world witnessed an unprecedented shift towards digitalization. The banking industry, in particular, has been...

C-suite Banking and Payments Leaders From Across Europe Set to Meet at London’s MoneyLIVE Summit in March

On the 6-7 March 2024 MoneyLIVE Summit will return to London’s QEII Centre to unite over 1000 banking and payments leaders from...

The Evolution of Digital Wallets: A Shift from Physical Cards by 2030

By 2030, we can expect digital wallets to become the preferred payment instrument, offering a myriad of non-payment-related services for consumers.