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Friday, October 22, 2021
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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.
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N26 has raised $900 million and is worth $9 billion

This way N26 became the second highest-valued bank in Germany, slightly ahead of Commerzbank.

Klarna is strengthening credit checks

Klarna, the “buy now, pay later” credit company, has unveiled important changes to its services in the UK.

Nik Storonsky has opened family office in London

According to Sifted, CEO of Revolut Nik Storonsky has decided to open a family office in London, UK. This...

Curve reported serious operating losses

Fintech Curve has reported an operating loss of £37.9 million in its annual results for 2020.