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!
Revolut released a rainbow-colored card for customers in the UK and Europe as a support for inclusivity as Pride celebrations began across Europe.
Monzo’s co-founder Tom Blomfield steps down from the board after leaving the position of the CEO recently.
Berlin-based neobank Penta has raised an additional €4m from new investors and topped up its €18.5m Series B funding round from March this year. Monzo’s new open banking feature is called ‘easy bank transfer’. Starling launches ‘Business Toolkit’ subscription account and US dollar account.
Before a customer is able to order the new rainbow card, they will need to donate a minimum of £3.00 (or currency equivalent) to ILGA-Europe, a leading charity which campaigns for lesbian, gay, bisexual, trans and intersex human rights in Europe and Central Asia.
With this move, Blomfield takes part in the process of clearing the path for the new CEO TS Anil and moving into the role of President.
3rd place: Penta raised €4 M from new investors
The Series B funding now totals more than €23,5 million according to the official statement of the company. The new investors consist of S7 Ventures, Presight Capital and two family offices, whom they were able to convince with their idea during the negotiations.
Monzo bank has been recently working on a simpler way to move money into the Monzo account from other major UK banks. The feature is called ‘easy bank transfer’, and it’s available to be tested in Monzo Labs, where most new features are tested among Monzo’s current users.
Starling’s ‘Business Toolkit’ is out of beta since this week, offering a £7/month subscription account dedicated to SMEs while providing them with various features.
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