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Friday, February 26, 2021
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Tag: US

Carol Nelson hired as US CEO by Monzo Bank

Carol has previously worked as Monzo’s strategic adviser, and from now on she will lead the American expansion for the digital bank, also being the first female chief executive officer.

HSBC is set to launch rival product to TransferWise

HSBC is taking on the digital Fintech giants like TransferWise and Revolut with the launch of Global Money Account.

Visa’s Plaid takeover faces antitrust scrutiny at the DOJ

The Departement of Justice could sue to block Visa's $5.3 billion acquisition of bank data sharing startup Plaid over competition concerns, the Wall Street Journal reported.

Thomas Dodson joins N26 as Head of Engineering in the US

In his role, Thomas Dodson will bring technical and strategic leadership to help N26 accelerate its growth in the US market.

Mastercard and Marqeta expand partnership

Marqeta, which offers a card issuing platform, and Mastercard plan to expand into new regions and launch additional card programs together. Their expansion plan will begin in Asia Pacific.

Robinhood managed to raise another $460m

The stock trading app Robinhood has added $460m to its Series G funding round closing a total of $660 million at an $11.7 billion valuation.

Chime reaches valuation of $14.5bn

Chime raised $485 million in a Series F funding round that values the American digital banking decacorn at $14.5 billion.

Finch was founded by a former N26 employee, now it secures $1.8M seed round

Finch is a US-based fintech startup that aims to integrate the benefits of investing with the flexibility of checking into an all-in-one account.

Klarna becomes Europe’s most valuable fintech hitting over $10 billion valuation

Swedish BNPL provider Klarna has raised $650 million in funding led by Silver Lake with the valuation of the company hitting $10.65 billion.

Klarna is looking to raise $500 million and double valuation to $10bn

The Swedish fintech unicorn Klarna asked investors for a new round of funding. This one would set the company's value to $10 billion.
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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.