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Thursday, May 28, 2020
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Challanger banks

Curve launches premium Metal card in Europe

Curve is a UK based banking platform that consolidates multiple cards into a single card and app. Now it rolls out premium Curve Metal card and other in the European Economic Area (EEA).

Monzo bank’s Tom Blomfield quits as CEO

Tom Blomfield was with the UK challenger bank from the beginning as the co-founder and the CEO. Now he is moving to the newly established position of president to focus on the logterm vision of the company.

Bunq challenger lets you create joint accounts with others

Bunq is a dutch challenger bank present since 2012 and it is already live across 30 countries. Last month it has come up with a very new feature for their premium subscribers.

Nikolay Storonsky from Revolut and Tom Blomfield from Monzo now amongst the richest people

Both CEOs of the top UK fintech challenger banks, Nikolay Storonsky and Tom Blomfield have been listed on the "Sunday Times Rich List" for the first time.

Monzo valuation drops by 40% as it seeks funding

Monzo bank seeks a new round of funding that would value the business at £1.25bn. That would mean a 40% drop from its most recent valuation of £2bn last year.

Revolut cuts about 60 jobs citing COVID-19 crisis measures

The digital bank unicorn Revolut has announced to lay-off 60 of its employees as it admits the COVID-19 has some negative impact already.

N26 discharged 10% of New York staff

N26 had a team of 90 employees working in their New York offices. Now it lets 9 of them go.

Monzo hires veteran Dave Laramy as new VP and head of global financial crime

Monzo bank announced Dave Laramy is set to join next month and will provide the challenger with over 17 years of experience in the industry.

Bunq is considering a US expansion and could have its first funding round ever

Bunq has become one of Europe’s leading challenger banks without raising a single cent.

Monzo hires Sujata Bhatia as the new COO

Sujata Bhatia is a former American Express executive and will replace the previous COO Tom Foster-Carter.

Alpian is REYL’s digital neobank from Switzerland and it raised $12.5M

Alpian, a Swiss neobank launched by REYL, announced that it has secured CHF 12.2 million (around $12.5) in a Series A funding round.

Revolut’s next step is acquisition of smaller fintech companies

Revolut raised $500m in its recent Series D funding round and is looking to use it to buy companies that have been hit by the coronavirus pandemic.
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Danish challenger Lunar teams up with Astralis

Astralis Group has signed a three-year deal with Nordic mobile-based banking app Lunar. This deal includes a branded VISA payment card, interviews, and behind-the-scenes content.

GoHenry launches the first biodegradable debit card for children

GoHenry is a UK-based fintech focusing on pre-paid card and app for kids (with parental controls). It has just launched its biodegradable card for eco-conscious children.