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Saturday, April 17, 2021
Tags Covid-19

Tag: covid-19

TranferWise is waiving fees on $20,000,000 in donations to COVID-19 research

The cross-border payments unicorn TransferWise announced partnership with charities and organisations who are seeking to find, and distribute, a vaccine for COVID-19.

Starling bank ‘on track to break even’ despite the losses doubled to £52m in 2019

Starling bank recently announced that it generated £6.7 million for the month of July 2020, meaning that it could make annual revenue of £80m.

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.

Peter Trebelev, Head of Growth at Rizq: “The market is so saturated, that only niche propositions have the potential to survive.”

Rizq is a UK-based Islamic digital challenger bank and it is preparing for its launch this summer. The challenger bank aims to solve mainstream banking issues for Muslims in the West, which is in line with their values and lifestyle.

Monzo cuts 120 jobs as a response to the coronavirus downturn

Monzo, the U.K. challenger bank, will cut up to 120 jobs as a result of the coronavirus pandemic.

Starling Bank’s Connected Card endorsed by the Royal Voluntary Service

UK-based charity Royal Voluntary Service (RVS) selected Mastercard, Starling Bank, and PFS to provide payment cards to NHS volunteer responders during the Covid-19 pandemic.

How FinTech Trading Platform Stake is Making the US Stock Market More Accessible

On a sunny afternoon, I sat down with Dan Silver, Co-Founder and COO at Stake, to find out more about the emerging FinTech trading platform and how they were disrupting the status quo.

Bunq is looking for acquisitions of fintech peers during the crisis

The founder of bunq Ali Niknam is not worried about the bright future of his challenger bank and claims that the company was left untouched by the corona crisis except everybody had to work from home.

Understanding Stablecoins Recent Hype

A stablecoin is a class of cryptocurrency that attempts to offer price stability by being backed by a reserve asset (mainly USD so far). Tether the most relevant stablecoin was launched back in 2014 and was known as RealCoin.

German Commerzbank ditches plan to sell Polish mBank

The German key player Commerzbank announced that it would not sell its Polish subsidiary mBank after all, citing poor market conditions.
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Monzo partnered with RAC to enhance its premium options

Monzo has reached a combined total of 135,000 customers for its two premium bank account options since their launch in 2020 and now it extends their benefits.

Revolut adds 11 new crypto tokens

Revolut announced this Thursday that 11 more crypto-tokens were added to the option for users to buy and sell.

Starling Bank and Funding Options join to support SME’s

Starling Bank and Funding Options decided to join forces and help SME's with their recovery in 2021.