It is official, Softbank leads $800 million investment into Revolut, a UK-based challenger bank.

Fintech company Wise broke a record last week when it debuted on the London Stock Exchange (LSE) by reaching a valuation of £8.75 billion.

Tom Blomfield who co-founded Monzo Bank in 2015, left the digital bank, citing “challenges” from the pandemic and now he is taking a position in Generation Home.

The Amsterdam-based challenger bunq announced that British investor Pollen Street Capital is investing 193 million euros in the bank.

Revolut is reportedly in talks with SoftBank about a funding round worth between $750 million to $1 billion with a deal expected to be a few weeks away.

This new feature by the German challenger bank allows customers to settle their payments through installments.

Revolut gives out £250,000 over the next month, every customer is able to earn points and to win a part of the prize fund.

The German challenger bank hesitated to become a crypto trading platform like the main competitor Revolut has become during last year, this has changed.

Riyadh-based FinTech platform Tweeq raises a seven-figure investment round, co-led by STV and Raed Ventures

Revolut has prepared a surprise for customers on the occasion of Pride Month, which is the month of pride of the LGBT + community.

Starling has achieved a net hire of 551 people since 23 March 2020 as it continues to grow.

Revolut announced that 2020 adjusted revenues, that grew 57% to £261 million. However, operating losses in 2020 have doubled.

Dutch digital bank Bunq managed to close the very first funding round with an undisclosed British private equity firm.

Wise, former TransferWise, is about to go public on the London Stock Exchange through a direct listing.