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!
The German challenger N26 has introduced changes in the leadership team with two new C-Level hires – Adrienne Gormley and Diana Styles.
The stock trading app Robinhood has added $460m to its Series G funding round closing a total of $660 million at an $11.7 billion valuation.
Every time customer recommends Starling Bank to someone and that person becomes a new Starling customer through the referral journey, Starling’ll plant a tree as a thank you. Hungarian fintech startup Péntech simplifies the factoring process and makes this form of financing more accessible to smaller businesses, now it receives funding and Curve Credit hires Henry Kenner as a non-executive director.
Adrienne Gormley is joining the company as COO, replacing Martin Schilling who left the company in March this year. Diana Styles will become N26’s chief people officer.
2nd place: Robinhood managed to raise another $460m
“We’ve raised an additional $460 million in subsequent closings to our Series G to support our core product and customer experience and new offerings like cash management and recurring investments,” Robinhood’s spokeswoman said to Reuters.
Trillion Trees is a joint venture for forest protection made up of three of the world’s largest conservation organizations: BirdLife International, Wildlife Conservation Society (WCS) and World Wildlife Fund (WWF).
“Our primary goal with this investment is to scale our presence in Hungary and financing accessible to as many companies as possible. This way we can support them to achieve predictable, efficient operations and growth even in times of a crisis,” added Benjamin Berényi, CEO of Pentech.
“The need for responsible lending, which gives people flexibility and control has never been greater, given the current challenging times,” said Kenner.
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