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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!

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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Jan Cerny
Jan is an innovation enthusiast and Fintech news reporter. He specializes in news distribution, social media, and content analysis.

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