Péntech entered the market in beta mode in the autumn of 2019. Since spring 2020 the digital factoring platform is fully functional and is used by more than 300 registered users.
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.
“Mitto helps its users to save money while saving the planet,” says Marcos Cuevas, the company’s co-founder and CEO
Mitto is a Barcelona-based debit card/finance app and it is mainly a sustainability-focused product that has raised €2M from Athos Capital and others. Mitto has a live crowdfunding campaign on Crowdcube in which the company has already raised £500,000.
Swedish BNPL provider Klarna has raised $650 million in funding led by Silver Lake with the valuation of the company hitting $10.65 billion.
Banco Santander's FinTech venture capital Innoventures fund is moved under a new entity called Mouro Capital.
The Swedish fintech unicorn Klarna asked investors for a new round of funding. This one would set the company's value to $10 billion.
Curve is a fintech company famous for its handy all-cards-in-one service. Now they extended this to loyalty cards.
PayPal is launching its ‘Pay in 4’ platform in the United States to compete with Klarna and other 'buy now, pay later' based businesses.
The German challenger bank made the announcement last week on LinkedIn and it was met with great praise.
Challenger bank Revolut applied for UK banking license and ex-Standard Chartered chief Richard Holmes is supposed to aid the process.