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!
Starling Bank moves into profit according to Anne Boden. With nearly 1.8 million accounts, £4 billion in deposits and £1.5 billion of lending, Starling generated £9 million of revenue for the month of October 2020.
Revolut Business has announced last week that UK businesses can accept card payments online and directly into their account.
Digital bank Bunq launched Google Pay in the Netherlands and Portugal this week, being among other banks that introduced Google pay in the countries. Tink appointed Simcorp CEO Klaus Holse as the new chairman and Santander buys part of Wirecard’s assets for about €100 million.
Unlike its competitors, Starling Bank has achieved break-even this October and expects to be monthly profitable from here onwards on an operating profit basis.
2nd place: Revolut Business now accepts payments online
All Revolut Business customers on paid plans are about to receive an allowance of free UK and EEA card payment acceptance every month. This comes with no additional cost.
All users in the Netherlands and Portugal will now be able to use the new feature, which is already available in Italy, Spain, France, Germany, Ireland, Belgium, and the UK.
Holse spent eight years at the head of SimCorp and is also chairman at SuperOffice and Zenegy.
Banco Santander has closed an agreement to acquire several specialized technological assets of the bankrupted payment solution provider Wirecard.
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