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!
Spanish digital banking app Bnext has raised €11 million as an extension to a €22 million Series A financing round they managed to secure last October.
Revolut has announced the launch of Open Banking for its over 400.000 retail and business customers in Italy.
Curve has managed to overcome the Wirecard struggle and now is looking to raise fresh capital. TransferWise early investors sold some of their stakes in a $319 million secondary deal. With that, the value of the company was estimated at $5bn and the ‘all cards in one’ fintech Curve has been testing its new lending option. The full launch is expected later this year.
1st place: Spanish challenger Bnext extends Series A funding round by €11 million
The amount of €33m is the total sum the fintech has raised so far, while the total amount of capital procured is €40m.
2nd place: Revolut launches Open Banking in Italy in partnership with TrueLayer
The feature allows Revolut’s customers to connect their Intesa Sanpaolo, UniCredit, UBI Banca, Banco BPM, Poste Italiane bank accounts to Revolut, so they can see their balances and transactions in one app.
3rd place: Curve is set to raise £100m in the upcoming Series C
The goal is to raise between £100m and £120m in its Series C round. This amount will be Curve’s latest fundraising effort after it closed a $55m Series B round during July 19′.
4th place: TransferWise hits $5bn valuation
This liquidity round was led by a new investor D1 Capital Partners, and existing shareholder Lone Pine Capital. Other shareholders like Baillie Gifford, Fidelity Investments, and LocalGlobe have expanded their holdings in the company.
5th: Klarna rival ‘Curve credit’ plans to attract 300,000 UK customers
Just like Klarna, Curve credit offers credit on purchases made with your Curve card, which is to be paid back in instalments.
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