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!
Challenger bank Revolut is looking for Chief Commercial Officer to build a department that sells Revolut’s platform services to large merchants at scale.
Danish challenger bank Lunar is introducing joint accounts which will let the users share their account with up to ten people, Altfi reported.
In Anne Boden’s new book Banking On It, Starling Bank CEO revealed her version of events that took place back in 2015, which lead to the rise of Tom Blomfield’s Monzo bank. HyperJar is offering free Kid Card for children aged 6-15 and Revolut’s CEO Nik Storonsky is the first Fintech billionaire.
New CCO will have to develop a financial platform to meet the demands of all consumers and will be charged with hiring a 50-strong sales team and the generation of $100 million in annual sales.
From now on, Lunar will let customers share their account with up to ten people. Within the account, users will be able to use emojis and add comments to purchases, making Lunar a social platform as well as a bank.
According to Boden, Blomfield and others pushed for her to take responsibility for all of Starling’s debts, which at the time included more than £1m owed to KPMG and PwC.
With the Kid Card, parents get instant payment notifications and can set individual spending limits for each child via the app and for zero monthly subscription charges.
Previously, the estimated Storonsky’s stake in Revolut was about £363m, but with the new data from the Telegraph, his net worth has nearly tripled to £1.06bn.
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