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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!

N26 is considering a fresh fundraising round next year, as the challenger bank eyes a valuation above $3.5 billion.

A new digital-only bank Monument that has received an “authorization with restriction” now aims for the UK’s richest and is set to launch within months.

Wirex has just closed a £3.7m crowdfunding campaign on Crowdcube being 15 days ahead of schedule. Russian banking group Tinkoff introduced a monetary messenger designed to fit into its mobile app and Jeremy Takle and Ben Harvey have announced the launch of a digital bank called Pennyworth.

1st place: N26 eyes funding at $3.5B valuation

Chief Financial Officer Maximilian Tayenthal announced this May, after the company’s last fundraising round valued N26 at $3.5 billion, that he’d look for a higher valuation next time.

2nd place: Monument, digital bank for the rich, gets UK banking license

The goal is to provide a better service to the “mass affluent”, defined as people with assets of between £250,000 and £5 million, in addition to the value of their homes.

3rd place: Wirex raises £3.7m through crowdfunding

With the new funding in place, the firm is preparing a multicurrency Mastercard card, as well as launches in the US and Japan.

4th place: Tinkoff adds messenger built into its super app

Tinkoff clients will be able to share bookings, funds, and gigabytes of visitors quickly, in addition, to get entry to chatbots and the Tinkoff ecosystem services, and extra.

5th place: Former executives from Barclays are launching digital bank

The company has already began the pre-application process to become an authorised UK bank in March 2020.

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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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