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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.

TransferWise will hire 750 new staff members in the next 6 months

Biggest money transfer Fintech company TransferWise aims to add 750 jobs over the next six months.

Curve hires former PayPal exec Scott Weller as first CFO

The former Finance Director from PayPal has been hired by UK-based card and mobile app provider Curve to act as its first chief financial officer (CFO).

Bunq claims to be thriving despite the COVID-19

Dutch challenger bunq has seen growth in deposits and is hiring new staff as other neobanks are cutting jobs.

Santander set to hire 3,000 IT professionals for €20bn digital push

Santander bank which has its HQ in Spain, said on Thursday it would hire 3,000 IT professionals worldwide this year to support its digital transformation. This comes when most banks are cutting jobs and costs.

Leaked messages from Revolut’s CEO Nikolay Storonsky address the job cut accusations

Last week, we reported on Revolut forcing some staff to leave their jobs without severance - citing underperformance or making them quit on their own accord for just a slice of severance. Since Revolut has not really addressed the issue publically so far, let's take a look at how has the CEO addressed it in messages he sent to his employees.

Revolut has been accused of pushing 50 of its staff to quit or to get fired

Some Revolut staff members claim that they have been pressured into leaving their jobs and taking salary cuts as the company applied cost-saving measures.

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.

TS Anil, the new CEO of Monzo

After co-founder Tom Blomfield decided to move to the newly established position of president, TS Anil the Monzo's US CEO is going to become the CEO of Monzo as such. But who is he?

Monzo bank’s Tom Blomfield quits as CEO

Tom Blomfield was with the UK challenger bank from the beginning as the co-founder and the CEO. Now he is moving to the newly established position of president to focus on the logterm vision of the company.
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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.