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Revolut CFO resigns following money laundering controversy

sudshr47 March 1, 2019

This hasn’t been a good week for challenger bank Revolut . The company, which offers digital banking services and is valued at $1.7 billion, confirmed today that embattled CFO Peter O’Higgins has resigned and left the business. The startup and O’Higgins have been under pressure after a Daily Telegraph report that revealed that Revolt switched […]

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German insurance giant Allianz increases its VC fund to $1.1 billion

sudshr47 February 20, 2019

Allianz X, the venture capital arm attached to German insurance giant Allianz, has increased the size of its fund to €1 billion, around $1.1 billion, according to an announcement made today. The fund was initially €430 million, or around $490 million, when it launched in 2016. This new injection comes directly from parent Allianz SE, the 124-year-old […]

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N26 launches N26 Black for freelancers

sudshr47 September 5, 2018 Startups

Challenger bank N26 is launching a premium plan for professional accounts. N26 already had a free plan for freelancers and the self-employed, called N26 Business. N26 Business Black introduces the same perks as N26 Black, but for freelancers and the self-employed. The new plan costs the same for regular users and business users. The company […]

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Neat is a challenger bank for early-stage startups and SMEs

sudshr47 August 10, 2018

With the growth in cross-border payment services and ‘challenger’ bank cards for consumers, you’d be forgiven for wondering where the options are for small business — where cash is particularly precious. They do exist. One of the newer options is Neat, which is nested in Hong Kong but open for business worldwide. The startup started off […]

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Revolut announces a Robinhood-like trading product

sudshr47 June 7, 2018 Startups

Fintech startup Revolut likes to announce new things all the time. Even though nothing is going live today, it’s interesting to see where the startup is heading. The company is working on a trading platform for traditional shares without any commission. You’ll find stock from public companies from the U.K. and the U.S., as well […]