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.
The cross-border payments unicorn TransferWise announced partnership with charities and organisations who are seeking to find, and distribute, a vaccine for COVID-19.
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.
The Swedish fintech unicorn Klarna asked investors for a new round of funding. This one would set the company's value to $10 billion.
The challenger bank Revolut just announced that it has raised $80 million as part of its Series D round that it announced in February. This new funding comes from TSG Consumer Partners.
Robinhood has managed to top up its Series F funding round with an extra $320 million, which brings its value to $8.6 billion.
London-based payments startup Checkout.com has tripled its market valuation to $5.5 billion after banking a $150m Series B funding round and has remained profitable in the eight years since its foundation in 2012.
N26's leadership bench extended with the appointment of Dr. Jan Kemper as Chief Financial Officer.
Tom Blomfield who co-founded Monzo Bank 2015, is leaving the digital bank, citing "challenges" from the pandemic, TechCrunch reported.