Financial API provider TrueLayer has recorded a serious increase of UK consumers using Payment Initiation (PI) during the lockdown.
Revolut managed to raise $80 million from TSG Consumer Partners while Monzo bank’s losses jumped from £47.2m to £113.8m. CFTE has done a research among its employees to see if challenger banks stand a chance to ever replace the incumbent banks so customers use them as their primary account.
According to data gathered by Finanso.se the European digital payments market is expected to hit a record $802 billion transaction value in 2020, which means a 9.9% yearly growth rate.
Penta is a digital platform for business banking and it raised €18.5 million in the first closing of a new funding round backed by new and current investors.
GoSave is a Californian fintech start-up and it is about to launch its digital piggy banks in the UK later this...
The Seattle-based startup Remitly closed a $135 million round last summer, to go beyond money-transfer services into a wider range of financial products.
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Revolut has secured itself a US broker-dealer license and is now about to compete in the trading app market, according to CNBC.