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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!

Open Banking payments up 832% during lockdown accoring to TrueLayer

Financial API provider TrueLayer has recorded a serious increase of UK consumers using Payment Initiation (PI) during the lockdown.

Challenger vs. incumbent banks, who is going to win the customer over?

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.

The Future of Banking week is coming

Discover the future of banking across the world with #FOBWeek. Taking place across four days, covering a different time...

Revolut and Monzo combat rumors of their collapse

The upcoming economical crisis caused by the Covid-19 pandemic makes people focus on the financial health of the so far non-profiting fintech companies as Revolut and Monzo are.

In 2020, European digital payments will hit $802 billion transaction value

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 raises €18.5 million in last financing round

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.

Digital piggy banks? In the UK right before Christmas!

GoSave is a Californian fintech start-up and it is about to launch its digital piggy banks in the UK later this...

Bank account for immigrants? Remitly launches it in the US

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.

Oimio is deploying OakNorth’s credit analysis and monitoring platform!

Netherlands-based real estate lender OIMIO, focused on small and medium-sized real estate investors launched today in the Netherlands. OIMIO has signed...

Musicians getting paid through a paytech platform? Soon a reality

A US paytech "Bandpay" founded by DeCarlos Garrison is set to make sure musicians will get paid for their work.

Digital Russia? Cash is on the decline and digital payments are on the rise (thanks to Putin)

According to analysis from Sberbank, Russians made more payments digitally than with cash.
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Revolut CEO Nik Storonsky launches his AI-based venture capital fund

Billionaire Nik Storonsky, the co-founder of Revolut, one of Europe's largest and richest startups, plans to launch his own AI-based venture capital fund to compete with legacy venture capitalists.

This is how Klarna will merge e-commerce with physical shopping

Klarna launches "virtual shopping" where online shoppers get access to experts in physical stores.

Revolut reached 1.7 million Irish customers

Of the 5 million population, 1.7million people from Ireland use Revolut to some extent.

Money20/20 “the place where fintech communities love to do business” is back

Money20/20 "the place where fintech communities love to do business" is back