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!
Swedish BNPL provider Klarna has raised $650 million in funding led by Silver Lake with the valuation of the company hitting $10.65 billion.
Monzo spent 12 months building a business account for SMEs that has been launched March this year and managed to attract 50,000 customers already.
Finch, a US-based fintech startup that aims to integrate the benefits of investing with the flexibility of checking into an all-in-one account raised $1,8 million. Credit Suisse is launching a new digital banking service called CSX and Banco Santander’s FinTech venture capital Innoventures fund is moved under a new entity called Mouro Capital.
1st place: Klarna becomes Europe’s most valuable fintech hitting over $10 billion valuation
Klarna says is most likely the highest-valued private fintech company in Europe as it was tied with Revolut at $5.5 billion valuation until now.
2nd place: Monzo reached 50,000 business accounts since launch in March
The early access has been given to 2,500 business customers. The key thing Monzo came up with was a free business account as well as a premium one.
3rd place: Finch was founded by a former N26 employee, now it secures $1.8M seed round
Finch wants to become a unique investment tool and empower the Millennial generation to make their money work for them.
4th place: Credit Suisse about to launch its own digital service to “challenge the challengers”
The launch is set for the next month. This new service called CSX is going to offer a wide range of online banking tools, free foreign exchange transactions, mortgage loans and a digital wealth management service.
5th: Santander doubles funds to $400M with the launch of Mouro Capital
“The decision to spin out its investment arm is another milestone in Santander’s four-year, 2019-2022, $23.6 billion digital and technology investment plan.”the news release informed.
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