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Thursday, May 26, 2022

Revolut CEO Nik Storonsky launches his AI-based venture capital fund

Billionaire Nik Storonsky, the co-founder of Revolut, one of Europe's largest and richest startups, plans to launch his own AI-based venture capital fund to compete with legacy venture capitalists.
Billionaire Nik Storonsky, the co-founder of Revolut, one of Europe's largest and richest startups, plans to launch his own AI-based venture capital fund to compete with legacy venture capitalists.
Klarna launches "virtual shopping" where online shoppers get access to experts in physical stores.
Of the 5 million population, 1.7million people from Ireland use Revolut to some extent.
Money20/20 "the place where fintech communities love to do business" is back
As well as Best British Bank, Monzo also took the Best Business Banking Provider and Best Banking App awards away from Starling.
Fintech Without Frontiers was created by Ozone API and has called upon businesses in the UK to take part in its drive to connect Ukrainian refugees with career opportunities.
With the acquisition of the TriCount application, the Dutch neobank Bunq should gain more than 5.4 million of its users.
The latest current account switch data from Pay.UK shows who has been doing good in net switches and who has not.
Fundraise of £130.5m which was announced yesterday, gives Starling a pre-money valuation of more than £2.5bn.
N26 has terminated the accounts of some customers without notice. The fintech company argues that those affected violated the terms and conditions, but did not provide any further details.