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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!

The Swedish fintech unicorn Klarna asked investors for a new round of funding. This one would set the company’s value to $10 billion.

Sage Accounting has been integrated with Revolut to enable SME’s to take advantage of the fintech’s innovative spend analytics platform.

Starling Bank launched the Kite debit card, which is dedicated to be used by children up to the age of 16. Revolut launched in Australia last month, now it is also offering the crypto trading services and Brazil’s most important fintech startup Nubank has raised $300 million in equity investments.

1st place: Klarna is looking to raise $500 million and double valuation to $10bn

If Klarna’s attempt is successful it could once again become Europe’s highest valued fintech.

2nd place: Revolut and Sage announce a new partnership

Neal Watkins, EVP Small Business Segment, Sage commented: “Never have businesses needed time relief more. Nobody started a business to reconcile their books every month. Small businesses will no longer need to process receipts and bank statements manually.”

3rd place: Starling launches Kite card for kids

The users of the card may use it for spending online, instore, and withdrawing cash from ATMs.

4th place: Revolut now offers crypto trading in Australia

“We’re very excited to be adding another feature to our Financial SuperApp with the introduction of our cryptocurrency exchange services,” Revolut Australia CEO Matt Baxby said.

5th: Brazilian challenger Nubank secures $300 million funding

The list of previous investors includes TCV, Tencent, DST Global, Sequoia Capital, and Ribbit Capital.

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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.

Recent posts

Revolut is launching as a bank in 10 more European countries

This means the London-based digital bank is now offering deposit protection of up to € 100,000 to local customers in the particular markets.

Starling has stopped advertising on Facebook and Instagram

The CEO Anne Boden says the company won’t advertise on Facebook or Instagram ‘alongside scammers who are going after the savings of our customers.

Commodities trading now enabled by Revolut for Singapore users

The Monetary Authority of Singapore (MAS) has given permission to Revolut to allow customers to trade gold and silver on its platform.

Tencent takes stake in Monzo Bank

The tech giant from China Tencent has taken a minor stake in Monzo Bank after joining Monzo's latest funding round.