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Friday, February 26, 2021
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Tag: UK

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.

Revolut staff now have permanent flexible working options

Revolut will allow majority of its employees to get permanent flexible working options.

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.

Lisa Nowell left Monzo Bank after year in CRO position

After about a year Lisa Nowell joined Monzo as its first chief risk officer, she decided to leave to work as an SME lender Ashman Finance, Sifted reported.

One million self-employed pushed into debt due to pandemic

According to a report released today by IPSE about one million UK-based freelancers have been pushed into debt since the pandemic hit.

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.

Anne Boden addresses the crisis in Starling which created Monzo

In Boden's new book Banking On It, Starling Bank CEO revealed her version of events that took place back in 2015, which lead to the rise of Tom Blomfield's Monzo bank.

Monzo launches new Premium account and offers its first metal card

Monzo bank has just launched its second premium account in the last three months as part of an effort to increase revenues and cover deep losses.

Revolut nominates Richard Holmes to oversee its UK bank license application

Challenger bank Revolut applied for UK banking license and ex-Standard Chartered chief Richard Holmes is supposed to aid the process.

Former executives from Barclays are launching digital bank

Jeremy Takle and Ben Harvey have announced the launch of a digital bank called Pennyworth.
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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.