8.6 C
New York
Saturday, October 31, 2020
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!

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.

1st place: “Mitto helps its users to save money while saving the planet,” says Marcos Cuevas, the company’s co-founder and CEO

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.

Thanks for joining us and be sure to subscribe to our Twitter account to get more exciting fintech news every day!

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

Recent posts

Visa’s Plaid takeover faces antitrust scrutiny at the DOJ

The Departement of Justice could sue to block Visa's $5.3 billion acquisition of bank data sharing startup Plaid over competition concerns, the Wall Street Journal reported.

Thomas Dodson joins N26 as Head of Engineering in the US

In his role, Thomas Dodson will bring technical and strategic leadership to help N26 accelerate its growth in the US market.

Kevin Albrecht, CEO, and co-founder at Swedish Fintech P.F.C. interviewed by Everly.eu

Kevin Albrecht, CEO, and co-founder at Swedish Fintech P.F.C. interviewed by Everly.eu

Bunq has been added to the Dutch Fair Finance Guide

Dutch digital bank bunq is the first challenger to be included in the banking guide on honestegeldwijzer.nl (EGW).