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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.

N26 raises another $100M in extended Series D

N26 extended its Series D funding round to $570M, the company is now valued at $3.5B.

Revolut launches a bank to provide insured deposits

Revolut has launched a licenced bank in Lithuania, enabling the 300,000 customers in the country to safely deposit their salaries in deposit-protected bank accounts.

Monese closes offices in Lisbon and Berlin as it halts expansion

London and Tallinn-based startup Monese is set to make staffing cuts and lower its ambitions for a funding round.

RBS’s Bó challenger to Monzo has failed and drops out

RBS launched Bó back in November 19' to compete with the Monzo and Revolut but now Bó gets discarded.

Monzo has attracted most people who switched their accounts

Monzo bank attracted the biggest amount of account switchers in the final three months of last year according to the most recent data.

Monese launched a desktop version of its app

Uk based challenger banking app Monese has launched a desktop version of its banking platform.

Revolut has just lost two more executives

This comes just month after the Revoluts CFO David MacLean stepped down (among others).

Digital banks downloads drop in lockdown

Some of Europe’s top challengers are dealing with a drop of digital downloads in recent months. This signs that the COVID crisis could mean a huge threat to them.

Monzo applies for US banking licence

The digital challenger submitted the application on Monday. For a US banking licence to be approved, it could take up to two years for Monzo's application.

“Paper money will largely disappear in the next couple of years.” Says Anne Boden of Starling

With regard to the coronavirus crisis, Boden is sure this will bring the demise of cash money. But she is also aware that this doesn't just bring benefits as it comes with other challenges.
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N26 names Dropbox’s Adrienne Gormley as its new COO

The German challenger N26 has introduced changes in the leadership team with two new C-Level hires.

Penta, the Berlin-based digital business bank

Penta provides banking for small and medium-sized enterprises (SMEs) and is headquartered in Berlin, with offices in Milan and Belgrade.

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.