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Peter Trebelev, Head of Growth at Rizq: “The market is so saturated, that only niche propositions have the potential to survive.”

Rizq is a UK-based Islamic digital challenger bank and it is preparing for its launch this summer. The challenger bank aims to solve mainstream banking issues for Muslims in the West, which is in line with their values and lifestyle.

Robinhood raises another $320 M and achieves an $8.6 B valuation

Robinhood has managed to top up its Series F funding round with an extra $320 million, which brings its value to $8.6 billion.

Klarna unveils ‘KlarnaSense’ – A new initiative to encourage smarter shopping

Klarna has launched the initiative KlarnaSense to encourage consumers to shop smarter by purchasing the right things, at the right time.

TransferWise is set to launch an investment feature as it lands license from FCA

Thriving fintech startup TransferWise has announced that it has secured an FCA license for regulated investment activities. This way it will be able to offer retail investment services in the UK.

Curve is back online after the Wirecard scandal

Curve customers are now able to make payments as usual. This comes after a three-day outage starting last Friday since Curve's infrastructural provider Wirecard activities were frozen by the FCA.

Wirecard collapse freezes accounts of Pockit or Curve customers

The Financial Conduct Authority (FCA) has imposed a number of requirements on payment processor Wirecard.

The fall of Wirecard: Wirecard files for insolvency and former CEO Markus Braun gets arrested

Wirecard’s former CEO, Markus Braun has been arrested on suspicion of false accounting and market manipulation and Wirecard is filing for insolvency.

Tally is a challenger to challengers, claims Tally’s Head of Product Damon Macklin

Damon Macklin, Tally‘s Head of Product explained to Everly.eu what is his idea Tally is about, how he personally thinks about UX in a very genuine interview.

Curve partners with Samsung for the launch of “Samsung Pay Card”

Curve, is a fintech company that lets you collect your bank cards into a single card and app. Now it is partnering with Samsung in the U.K. to power its forthcoming debit card, which is scheduled to launch later this year.

Mastercard acquires Finicity for $825 million to advance in open banking

Mastercard has bought the Salt Lake City-based fintech Finicity. With this move, the card issuer aims to strengthen its open banking platform and expand financial services through more real-time access to data.

Checkout.com closes $150m Series B round as it triples its valuation to $5.5bn

London-based payments startup Checkout.com has tripled its market valuation to $5.5 billion after banking a $150m Series B funding round and has remained profitable in the eight years since its foundation in 2012.

Why Are Direct Debits Making Way to Push Payments?

Are you a direct debit fan? You probably have direct debits for utility bills, gym subscriptions and more. You probably find direct debits incredibly convenient. But do you know what push payments are? And did you know that they might be taking over direct debits?
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Curve is set to raise £100m in the upcoming Series C

Curve has managed to overcome the Wirecard struggle and now is looking to raise fresh capital, according to Sifted.

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!

TransferWise hits $5bn valuation

TransferWise early investors sold some of their stakes in a $319 million secondary deal. With that, the value of the company was estimated at $5bn.

Monzo bank future in doubt as losses double

Monzo bank’s losses jumped from £47.2m to £113.8m amid a hiring spree, marketing and US expansion.