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Wise valued at £8.75bn as the company completes largest direct listing
Fintech company Wise broke a record last week when it debuted on the London Stock Exchange (LSE) by reaching a valuation of £8.75 billion.
Tom Blomfield takes board post at FinTech company
Tom Blomfield who co-founded Monzo Bank in 2015, left the digital bank, citing “challenges” from the pandemic and now he is taking a position in Generation Home.
Bunq raises €193 million at €1.6 billion valuation
The Amsterdam-based challenger bunq announced that British investor Pollen Street Capital is investing 193 million euros in the bank.
Revolut looks for 30B$ valuation after next funding from SoftBank
Revolut is reportedly in talks with SoftBank about a funding round worth between $750 million to $1 billion with a deal expected to be a few weeks away.
N26 launches new ‘N26 Installments’ option
This new feature by the German challenger bank allows customers to settle their payments through installments.
Revolut Points feature offers prizes for customers
Revolut gives out £250,000 over the next month, every customer is able to earn points and to win a part of the prize fund.
N26 is now also about to step into crypto trading
The German challenger bank hesitated to become a crypto trading platform like the main competitor Revolut has become during last year, this has changed.
Starling Bank hired 551 employees since March 2020
Starling has achieved a net hire of 551 people since 23 March 2020 as it continues to grow.
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.
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.
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Starling Bank’s first acquisition is Fleet Mortgages
UK challenger Starling bank acquires Fleet mortgages as its first corporate acquisition.
Starling Bank revenue skyrockets by 600%
The digital bank Starling has managed to grow revenues to £97.6 million from £14 million in the previous period.
Revolut launched a travel booking feature
After Softbank lead an $800 million investment into Revolut, the UK-based challenger bank came up with another feature - travel booking.
Kid accounts and challenger bank options for children
Revolut junior vs. Starling Bank Kite? 🤔 Once again Everly - challenger bank news joined forces with the Scientia team and their Fintech Insights, the digital banking research platform, to compare several challenger banks' junior accounts from parent's and kid's perspectives! 👍 Check the full article here
