Revolut’s app was downloaded 5.8 Million times in 2020
The digital bank Revolut had more app downloads in 2020 than Monzo and Starling combined.
N26 is authorized to operate in Brazil
N26, a German digital bank, received authorization from the Central Bank to operate in Brazil.
Revolut accused of failing to pay bonuses to employees
The London based challenger Revolut has been accused of not paying promised bonuses to employees in its compliance team, sparking a dispute that contributed to a rise in frozen customer accounts, FT reported.
TransferWise is preparing to hire bankers for 2021 IPO
The Fintech unicorn TransferWise has decided to ask investment banks to pitch in the new year for roles on an impending initial public offering (IPO), Sky News reported.
ASR expands cooperation with bunq after 400% growth of mortgage portfolio
ASR Asset Management provides bunq with a mortgage portfolio worth 300 million euros.
Danish bank Lunar takes on Klarna with BNPL product
The Danish challenger bank Lunar has finally launched its 'Pay Later' feature, taking on Swedish BNPL market leader Klarna.
Revolut launches Revolut Plus, a mid-tier premium account
Revolut announced the launch of an affordable premium option called Revolut Plus for £2.99 per month.
TransferWise will hire 750 new staff members in the next 6 months
Biggest money transfer Fintech company TransferWise aims to add 750 jobs over the next six months.
Revolut reached break-even in November, according to CEO Nik Storonsky
The CEO of Revolut Nik Storonsky claims his company broke even in November, just a month after Starling's Anne Boden announced the same.
Starling adds Nutmeg to its Marketplace
British challenger Starling Bank welcomed Nutmeg, the UK’s largest digital wealth manager, to its fast-growing Marketplace.
Revolut names Rebecca Macieira-Kaufmann to its US board
Digital bank Revolut has appointed former Citigroup executive Rebecca Macieira-Kaufmann to its US board of directors.
Revolut launches early salary feature in the UK and Web app
Revolut introduced two more features during this week. The challenger bank is shifting from mobile-only to an online model and Revolut has partnered with Modulr to let you receive your salary a day early.
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Monzo Bank founder Tom Blomfield is leaving the company
Tom Blomfield who co-founded Monzo Bank 2015, is leaving the digital bank, citing "challenges" from the pandemic, TechCrunch reported.
UK Government voted down BNPL regulation bill
70 MPs have decided to vote down a bill which was supposed to regulate buy now, pay later companies like Klarna, Laybuy and Clearpay.
Curve raises $95 million as it eyes US expansion
London-based Fintech Curve secured $ 95 million in its latest investment Series C funding.
Challenger bank Revolut applied for UK banking license
Revolut has submitted an application for a banking license to the U.K. Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA).
