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Friday, February 26, 2021
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Tag: funding

Klarna launches bank account in Germany

The buy now, pay later giant Klarna is poaching into banking with launching its first current account.

Monzo managed to raise another £50M, joined by new Silicon Valley investor

Monzo confirms an extension of its Series G funding round, raising £50 million from San Francisco-based venture firm, Octahedron Capital among existing investors.

Curve raises $95 million as it eyes US expansion

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

Monzo Bank closed another £60 million in funding

Monzo bank has now about 4.8 million customers as it has closed another £60 million in funding.

Starling Bank is about to raise £200m in funding round

Some of the UK’s most important fintech start-up players – Starling Bank, Curve and GoCardless are set to raise more money.

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.

Robinhood managed to raise another $460m

The stock trading app Robinhood has added $460m to its Series G funding round closing a total of $660 million at an $11.7 billion valuation.

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.

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.

Finch was founded by a former N26 employee, now it secures $1.8M seed round

Finch is a US-based fintech startup that aims to integrate the benefits of investing with the flexibility of checking into an all-in-one account.
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Starling Bank aims to hold 18% of the SME market

The digital bank Starling announced a plan in which it is going to hold 18% of the SME banking market in five years, Insider reported.

TransferWise gets rebranded as ‘Wise’

The rebranded company Wise drops the part Transfer as a signal of moving on from the money-transfer focus of the company.

Revolut about to increase fees and cut number of free trades

Revolut introduced additional fees on its free plan and trading on the Revolut platform will also become more expensive.

Exclusive: An interview with Michael Schweikart, a co-founder of the sustainable banking provider Tomorrow

Tomorrow is a social business FinTech company and a neobank, that was started in 2018 by founders Inas Nureldin, Jakob Berndt, and Michael Schweikart with a vision to use money as a lever for positive change. Since its launch in 2018, the company has 50+ employees and 55,000+ customers.