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!
Thought Machine is a cloud-native core banking technology company and it has been selected by Curve to power it’s new ‘buy now, pay later’ feature, the Curve Credit.
Monzo bank has just launched its second premium account in the last three months as part of an effort to increase revenues and cover deep losses.
N26 welcomes Subhashini Simha as Global Director of Product Marketing. Nordic challenger Lunar has managed to raise another €40 million in funding and is also about to launch a BNPL product and Revolut nominates Richard Holmes to oversee its UK bank license application.
Curve Credit is aiming to attract 300,000 active customers in the UK in the first three years and launch in the US in its first year.
For the brand new ‘Monzo Premium account’ the customer can pay £180/year or £15 /month for a minimum of six months.
The German challenger bank made the announcement last week on LinkedIn and it was met with great praise.
This funding comes from previous investors and is following a €20 million round in April as Lunar prepared to open its first business banking accounts for Danish sole traders.
“His appointment is a vital step in Revolut’s mission to become a UK bank, with Holmes set to hire a fully functioning board for the new entity — including a full-time UK chief executive (CEO).”
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