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.
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.
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.
Finch wants to become a unique investment tool and empower the Millennial generation to make their money work for them.
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.
“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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