8.6 C
New York
Friday, October 22, 2021
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!

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

Recent posts

N26 has raised $900 million and is worth $9 billion

This way N26 became the second highest-valued bank in Germany, slightly ahead of Commerzbank.

Klarna is strengthening credit checks

Klarna, the “buy now, pay later” credit company, has unveiled important changes to its services in the UK.

Nik Storonsky has opened family office in London

According to Sifted, CEO of Revolut Nik Storonsky has decided to open a family office in London, UK. This...

Curve reported serious operating losses

Fintech Curve has reported an operating loss of £37.9 million in its annual results for 2020.