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!
Mitto is a Barcelona-based debit card/finance app and it is mainly a sustainability-focused product that has raised €2M from Athos Capital and others. Mitto has a live crowdfunding campaign on Crowdcube in which the company has already raised £500,000.
Annual revenue at TransferWise grew to £302.6 million. These results show a net profit after tax of £21.3 million for the fiscal year ending March 2020.
Amsterdam-based digital bank bunq offers an option to plant a tree for every 100€ spent with their SuperGreen premium account. Now bunq planted 1,000,000 trees. Yandex is Russia’s biggest tech company and now it is set to buy the challenger bank called Tinkoff for $5.5 billion and Allica Bank is launching a new £100 million funding round.
Marcos Cuevas, the co-founder and CEO of Mitto has provided Everly.eu with an exclusive interview where he addresses why is Mitto fit to expand beyond Spain and how has his previous experience helped to shape what Mitto is now.
2nd place: TransferWise reports 70% revenue growth and a 4th straight year of profitability
This August TransferWise’s early investors sold some of their stakes in a $319 million secondary deal. With that, the value of the company was estimated at $5bn.
3rd place: Dutch challenger bunq plants 1,000,000 trees on Madagascar
The reason behind planting trees on Madagascar is because it is important to plant trees in an equatorial climate that’s most efficient for taking up CO2 all year round.
4th place: Yandex agrees to Tinkoff bank acquisition for $5.5bn
Banker Oleg Tinkov, the Tinkoff founder, told TASS this Wednesday that the deal with Yandex provides for the preservation of the Tinkoff brand and the entire bank team.
5th: Allica Bank is launching a £100m funding round
The business bank received the full UK banking authorization in 2019 from Prudential Regulation Authority (PRA). The company claimed to have had over £1bn of enquiries from businesses in the aftermath of the Covid-19 pandemic.
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