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Monday, September 28, 2020

Jan Cerny

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Jan is an innovation enthusiast and Fintech news reporter. He specializes in news distribution, social media, and content analysis.

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!

Curve all-in-one system now includes loyalty cards

Curve is a fintech company famous for its handy all-cards-in-one service. Now they extended this to loyalty cards.

Revolut’s business banking thrives as it hits 500k SME customers

Revolut Business launched 3 years ago and has been very successful so far. Today the company announced that it's business banking option has hit a new milestone of 500,000 customers.

Monzo introducing new fees for services

For some customers, Monzo bank cash withdrawals and card replacement will be met with new charges from 31 October 2020 as Monzo introduced new rules.

PayPal enters the installment market with a new BNPL product

PayPal is launching its ‘Pay in 4’ platform in the United States to compete with Klarna and other 'buy now, pay later' based businesses.

Revolut Junior account successful in Ireland

Just four months after the product was launched in Ireland, about 40,000 young people now have a Revolut Junior account.

Open Banking payments up 832% during lockdown accoring to TrueLayer

Financial API provider TrueLayer has recorded a serious increase of UK consumers using Payment Initiation (PI) during the lockdown.

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!

Swedish unicorn Klarna reports increase in net losses

The buy now, pay later market leader released its report for the first half of 2020. Although Klarna experienced growth in some sectors, the net loss is $59.8 million.

N26 celebrates 1 year anniversary of US launch

The German challenger bank has managed to atract almost 500.000 customers in the US so far.

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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!

Robinhood managed to raise another $460m

The stock trading app Robinhood has added $460m to its Series G funding round closing a total of $660 million at an $11.7 billion valuation.

Yandex agrees to Tinkoff bank acquisition for $5.5bn

Yandex is Russia’s biggest tech company and now it is set to buy the challenger bank called Tinkoff for $5.5 billion.

TransferWise reports 70% revenue growth and a 4th straight year of profitability

Annual revenue at TransferWise grew to £302.6 million, the company. These results show a net profit after tax of £21.3 million for fiscal year ending March 2020.