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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!

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.

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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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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!

Robinhood managed to raise another $460m

The stock trading app Robinhood has added $460m to its Series G funding round closing a total of $660 million at an $11.7 billion valuation.

Yandex agrees to Tinkoff bank acquisition for $5.5bn

Yandex is Russia’s biggest tech company and now it is set to buy the challenger bank called Tinkoff for $5.5 billion.

TransferWise reports 70% revenue growth and a 4th straight year of profitability

Annual revenue at TransferWise grew to £302.6 million, the company. These results show a net profit after tax of £21.3 million for fiscal year ending March 2020.