Curve reported serious operating losses
Fintech Curve has reported an operating loss of £37.9 million in its annual results for 2020.
Nik Storonsky targets billions of $ in sales before IPO
Digital bank Revolut still needs billions of dollars in annual sales before it can go public, according to a Bloomberg report.
N26 hits 7 million customer mark
Berlin-based challenger bank N26 has just surpassed the amount of 7m customers across Europe and the US.
Revolut losses tripled to £107m in 2019
Revolut reported a pre-tax loss of £107m for the year 2019 to December. This means the company's losses more than tripled to a £33m pound loss in the 2018.
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.
Recap of FinovateEurope 2023: Key Themes and Takeaways
With a focus on innovation and customer needs, the future looks bright for the industry.
Payoro: The New Contender in the Fintech Scene
Payoro is a new contender in the fintech scene, aiming to provide a user-friendly and affordable banking experience for consumers.
Real-Time Payments: Accelerating Business and Consumer Transactions
As the demand for real-time payments continues to grow, businesses that fail to offer this payment option risk being left behind in an increasingly competitive market.
A Major Acquisition by Neobank N26 is Blown Off
The German neobank N26, which conducts business in Switzerland as well, was looking to buy something that would let its clients trade stocks and index funds.