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Revolut announced a partnership with boxing heavyweight champion Anthony Joshua to promote a new card design.
CEO Nikolay Storonsky told Business Insider India that the company is about to make an investment of $20 million–$25 million to break into India by the end of 2021.
The digital bank has introduced new Mastercard debit cards which are to be made from recycled plastic.
Bunq is the first challenger bank that joined the TARGET payment network, a system developed by the European Central Bank.
The UK challenger Starling Bank announced a £272 million Series D funding round led by Fidelity Management & Research Company.
Revolut bank now provides services for European countries including Bulgaria, Croatia, Cyprus, Estonia, Greece, Latvia, Malta, Romania, Slovakia and Slovenia.
Bloomberg reported that Klarna was in the latest round of financing valued at 31 billion dollars. Klarna now confirms that information in a press release.
Revolut is about to step into new fundraising and the new valuation of the company is expected to be at more than $10bn (£7.2bn).
For a few years now, consumer attitude towards finance and banking has been changing. A rapid rise in digital consumption has resulted in more technology and innovation than ever before, with total fintech investment in Europe skyrocketing to $58.1bn in 2019.*
Monzo has reached a combined total of 135,000 customers for its two premium bank account options since their launch in 2020 and now it extends their benefits.