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Saturday, October 24, 2020
Tags Ceo

Tag: ceo

N26 eyes funding at $3.5B valuation

N26 is considering a fresh fundraising round next year, as the challenger bank eyes a valuation above $3.5 billion, people familiar with the matter said to Bloomberg.

Former executives from Barclays are launching digital bank

Jeremy Takle and Ben Harvey have announced the launch of a digital bank called Pennyworth.

Starling introduces Online Banking for personal customers

Starling Bank said the desktop option of online banking is in response to customer demand. Current account customers are now able to manage their money via desktop or laptop.

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.

TransferWise hits $5bn valuation

TransferWise early investors sold some of their stakes in a $319 million secondary deal. With that, the value of the company was estimated at $5bn.

Monzo bank future in doubt as losses double

Monzo bank’s losses jumped from £47.2m to £113.8m amid a hiring spree, marketing and US expansion.

Revolut’s Richard Davies moves to Allica Bank as the new CEO

Allica Bank has announced the appointment of Richard Davies as its new chief executive.

Revolut raises $80m in new funding as it extends Series D round to $580m

The challenger bank Revolut just announced that it has raised $80 million as part of its Series D round that it announced in February. This new funding comes from TSG Consumer Partners.

Monzo’s co-founder Tom Blomfield steps down from the board

With this move, Blomfield takes part in the process of clearing the path for the new CEO TS Anil and moving into the role of President.

The fall of Wirecard: Wirecard files for insolvency and former CEO Markus Braun gets arrested

Wirecard’s former CEO, Markus Braun has been arrested on suspicion of false accounting and market manipulation and Wirecard is filing for insolvency.
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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!

Lunar, the Nordic challenger bank, raises €40m in Series C

Nordic challenger Lunar has managed to raise another €40 million in funding and is about to launch a BNPL product.

Gohenry launches new account designed for teens

Money app gohenry, has released pocket money account for customers aged 13 to 18 years.

Curve Credit will be powered by Thought Machine’s Vault

Thought Machine is a cloud-native core banking technology company and it has been selected by Curve to power it's new 'buy now, pay later' feature, the Curve Credit.