Monzo spent 12 months building a business account for SMEs that has been launched March this year and managed to attract 50,000 customers according to AltFi.
Revolut Business launched 3 years ago and has been very successful so far. Today the company announced that it's business banking option has hit a new milestone of 500,000 customers.
Revolut has just announced the launch of Open Banking for its over 400.000 retail and business customers in Italy.
Allica Bank has announced the appointment of Richard Davies as its new chief executive.
London-based payments startup Checkout.com has tripled its market valuation to $5.5 billion after banking a $150m Series B funding round and has remained profitable in the eight years since its foundation in 2012.
German challenger bank N26 launched N26 Business Metal this week, a new premium business account with an exclusive 0.5% cashback on purchases. This acc. is focused to help freelancers, the self-employed and entrepreneurs to get the most out of their finances.
UK challenger Starling Bank has integrated three new in-app products to its business banking platform.
Bunq has become one of Europe’s leading challenger banks without raising a single cent.
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.
Klarna’s UK executive Alex Marsh has hit out at Barclays for publishing what he called “mind-boggling” and “irresponsible”.
Revolut announced a new partnership with Salesforce with an aim to accelerate growth and transform the business banking arm of the digital bank.