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Monzo bank future in doubt as losses double
Monzo bank’s losses jumped from £47.2m to £113.8m amid a hiring spree, marketing and US expansion.
Bunq moves into mortgage market with initial €100m worth of loans
Dutch challenger bunq is now offering mortgages as a part of its new partnership with a third party broker.
Revolut launches in-app price comparison service
Revolut is now working with Decision Tech, a price-comparison technology company.
Curve hires former PayPal exec Scott Weller as first CFO
The former Finance Director from PayPal has been hired by UK-based card and mobile app provider Curve to act as its first chief financial officer (CFO).
Revolut's Richard Davies moves to Allica Bank as the new CEO
Allica Bank has announced the appointment of Richard Davies as its new chief executive.
Revolut raises $80m in new funding as it extends Series D round to $580m
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.
Mastercard launches sustainable card programme
Mastercard has joined forces with other global players to develop a sustainable credit card program in a bid to cut down on single-use plastics.
Klarna has tightened lending during the lockdown
Buy now, pay later service Klarna has seen a boom in business during Britain's lockdown. However it tightened its rules on lending as a result of the financial uncertainty caused by the UK’s lockdown.
N26 partners with adidas to provide customers with a new perk
German challenger bank N26 has announced a partnership with another German brand, the sportswear giant adidas.
The story of the ‘World’s most wanted man’ Wirecard's Jan Marsalek
Jan Marsalek, who was Wirecard’s chief operating officer, is one of the current world's most wanted men. He is now supposed to be in Russia, in a GRU safehouse west of Moscow, after Bellingcat reported he was present in Minsk two days ago.
Starling Bank extends SME features by adding Penfold to the marketplace
Penfold is a pension provider for self-employed and is the latest addition to Starling Marketplace, where the customer is able to browse third-party providers and services.
Lunar launches Denmark's first metal card as part of a 'Pro' premium account
Nordic challenger bank Lunar that has offices across Denmark, Sweden, and Norway, has announced the launch of their new premium 'Pro' account that comes with a metal card.
Revolut finally extends cryptocurrency trading feature to the US
Revolut announced this Wednesday that it will start offering its cryptocurrency trading services in the U.S.
Monzo is finally launching its premium 'Plus' subscription account
British challenger Monzo bank has relaunched its premium 'Monzo Plus' account with a £5/month fee.
Peter Trebelev, Head of Growth at Rizq: "The market is so saturated, that only niche propositions have the potential to survive."
Rizq is a UK-based Islamic digital challenger bank and it is preparing for its launch this summer. The challenger bank aims to solve mainstream banking issues for Muslims in the West, which is in line with their values and lifestyle.
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- CLS Appoints Six New Board Directors Read more
- Mobey Forum Calls for a Collaborative Approach to Fraud Prevention in Rethinking Fraud in a Connected World Read more
- SumUp Launches in Canada Read more
- European Fintech Association Elects New Board of Directors Read more
