8.6 C
New York
Tuesday, November 24, 2020
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!

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.

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

Exclusive: Interview with Matias Peltoniemi, CFO at CrediNord

CrediNord's CFO, Matias Peltoniemi, has provided Everly.eu with an exclusive interview in which he addresses the current challenges of the company, the state of the Fintech and lending world, and what he believes is the future of Fintech and lending.

Lisa Nowell left Monzo Bank after year in CRO position

After about a year Lisa Nowell joined Monzo as its first chief risk officer, she decided to leave to work as an SME lender Ashman Finance, Sifted reported.

Revolut and TrueLayer are bringing Open Banking to users in Germany

With the new Open Banking function (linked accounts), Revolut customers can now link all their bank accounts at Comdirect, Commerzbank, Deutsche Bank, ING-DiBa and Sparkasse in the Revolut app.

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!