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Tuesday, January 26, 2021
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Revolut accused of failing to pay bonuses to employees

The London based challenger Revolut has been accused of not paying promised bonuses to employees in its compliance team, sparking a dispute that contributed to a rise in frozen customer accounts, FT reported.

Monzo’s CEO won’t take his salary for 12 months

Monzo bank's CEO Tom Blomfield is forgoing his salary for a year. Monzo is also offering voluntary furloughs to its employees.

Starling Bank to create 400 jobs at its new Cardiff office

In a major boost to the growing fintech sector in the Cardiff Capital Region, Starling Bank is investing in new data science, fraud and customer service hub in the city.

30 employees turned into millionaires? Yes with Monese

Monese, a digital banking app for immigrants, is expecting to turn 30 employees into paper millionaires after its next fundraiser, which will reportedly value the company at £1bn.
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Chubb and Revolut announce partnership deal

Provider of insurance services Chubb has partnered with unicorn challenger Revolut to offer a broader range of their services to Revolut’s customers.

Monzo Bank founder Tom Blomfield is leaving the company

Tom Blomfield who co-founded Monzo Bank 2015, is leaving the digital bank, citing "challenges" from the pandemic, TechCrunch reported.

UK Government voted down BNPL regulation bill

70 MPs have decided to vote down a bill which was supposed to regulate buy now, pay later companies like Klarna, Laybuy and Clearpay.

Curve raises $95 million as it eyes US expansion

London-based Fintech Curve secured $ 95 million in its latest investment Series C funding.