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Saturday, September 26, 2020

Yandex agrees to Tinkoff bank acquisition for $5.5bn

Yandex is Russia’s biggest tech company and now it is set to buy the challenger bank called Tinkoff for $5.5 billion.

TransferWise reports 70% revenue growth and a 4th straight year of...

Annual revenue at TransferWise grew to £302.6 million, the company. These results show a net profit after tax of £21.3 million for fiscal year ending March 2020.

Allica Bank is launching a £100m funding round

Allica Bank has already closed a £26 million investment and now is launching a new £100 million funding round to meet the current high levels of demand for its services.

Dutch challenger bunq plants 1,000,000 trees on Madagascar

Amsterdam-based digital bank bunq offers an option to plant a tree for every 100€ spent with their SuperGreen premium account. Now they planted 1,000,000 trees.

Chime reaches valuation of $14.5bn

Chime raised $485 million in a Series F funding round that values the American digital banking decacorn at $14.5 billion.