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Monday, January 18, 2021
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Tag: payments

TransferWise is preparing to hire bankers for 2021 IPO

The Fintech unicorn TransferWise has decided to ask investment banks to pitch in the new year for roles on an impending initial public offering (IPO), Sky News reported.

Revolut launches early salary feature in the UK and Web app

Revolut introduced two more features during this week. The challenger bank is shifting from mobile-only to an online model and Revolut has partnered with Modulr to let you receive your salary a day early.

Exclusive: Interview with Ian Johnson, Managing Director (Europe) at Marqeta

Ian Johnson, Managing Director (Europe) at Marqeta, has given Everly.eu an exclusive interview in which he shared how the company has managed to build up a strong position in the market, in addition to lots of useful insights on the fintech environment.

Santander launches money transfer app PagoFX in Belgium

PagoFX by Santander is a low-cost service for international transfers and is now available in Belgium.

TranferWise is waiving fees on $20,000,000 in donations to COVID-19 research

The cross-border payments unicorn TransferWise announced partnership with charities and organisations who are seeking to find, and distribute, a vaccine for COVID-19.

Wirex raises £3.7m through crowdfunding

Wirex is operating in 130 countries with 3.1m registered users and is a crypto-currency payments platform that launched the world’s first Visa crypto-enabled payments card.

PayPal enters UK’s market with Klarna like product

PayPal launches a new buy now, pay later product in the UK allowing users to pay in three instalments over a short period.

TransferWise reports 70% revenue growth and a 4th straight year of profitability

Annual revenue at TransferWise grew to £302.6 million, the company. These results show a net profit after tax of £21.3 million for fiscal year ending March 2020.

PayPal enters the installment market with a new BNPL product

PayPal is launching its ‘Pay in 4’ platform in the United States to compete with Klarna and other 'buy now, pay later' based businesses.

Swedish unicorn Klarna reports increase in net losses

The buy now, pay later market leader released its report for the first half of 2020. Although Klarna experienced growth in some sectors, the net loss is $59.8 million.
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Curve raises $95 million as it eyes US expansion

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

Challenger bank Revolut applied for UK banking license

Revolut has submitted an application for a banking license to the U.K. Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA).

Starling Bank’s online banking service is the most secure one

According to security researchers commissioned by "Which?" the Starling Bank’s recently-launched online banking service is the most secure among the UK’s 13 leading banks.

Revolut’s app was downloaded 5.8 Million times in 2020

The digital bank Revolut had more app downloads in 2020 than Monzo and Starling combined.