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Revolut appoints Mikko Salovaara as new CFO

Revolut has finally managed to appoint a new CFO Mikko Salovaara after a year since David MacLean stepped down after only six months in the role, Sifted reported.

Monzo bank will provide paid leave after pregnancy loss

Monzo is only one of the few UK companies that offer paid leave for their employees who experienced the loss of a pregnancy.

Revolut is about to add dogecoin to crypto trading portfolio

Revolut is preparing to list Dogecoin as one of the tradeable crypto's in the Revolut financial superapp, which is more and more serving as a trading app.

Bunq exceeds €1 billion in user deposits

Dutch neobank bunq hits the billion mark in deposits and is offering German account numbers for the first time.

Leaked Revolut blog post announces Bitcoin withdrawal option

Revolut mistakenly announced that premium customers will be able to transfer Bitcoin (BTC) from the platform to external wallets.

Starling becomes second most switched-to bank in UK

Starling Bank has the most switched-to digital-only bank and the second most switched-to bank in the final quarter of 2020.

Lunar acquires Swedish Lendify

Danish Lunar Group acquires the Swedish loan and savings platform Lendify to strengthen the private loan business.

Revolut appoints Paroma Chatterjee as India CEO

Revolut is about to make multi-million investments into India over the next five years and create 300 new jobs there as Paroma Chatterjee was appointed the new CEO.

Starling Bank receives £50 million investment from Goldman Sachs

UK challenger Starling Bank gets an extension to previously oversubscribed Series D round by Goldman Sachs Growth Equity investing £50 million.

Revolut’s new funding could mean a 10B $ valuation for the company

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).

N26 enters the insurance market

N26 is partnering with Simplesurance and launched an "attack on the European insurance industry" and launches first on-demand offer.

Monzo partnered with RAC to enhance its premium options

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.
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Revolut revenue grows but operating losses double to £201m

Revolut announced that 2020 adjusted revenues, that grew 57% to £261 million. However, operating losses in 2020 have doubled.

Bunq valued at 1.65 billion € after first investment

Dutch digital bank Bunq managed to close the very first funding round with an undisclosed British private equity firm.

Wise expects valuation of £9bn with new London listing

Wise, former TransferWise, is about to go public on the London Stock Exchange through a direct listing.

N26 exceeds 2 million customers in France

N26 announced that it has convinced 2 million French customers to use its services after 4,5 years since entering the market.