London, 26th October 2024 – Moneybox, a leading UK-based savings and investment platform, has achieved a new valuation of £550 million, following its transition into profitability. The valuation marks an 84% surge from its March 2022 Series D round and comes in the wake of a £70 million secondary share sale agreed with new investors […]
N26 Resumes Operations in Italy, Appoints Andrea Isola as New General Manager German digital bank N26 has successfully resolved the regulatory compliance issues that led to its temporary suspension in Italy in 2022. With new leadership in place and a renewed focus on expansion, the bank is ready to compete in the Italian market. Milan, […]
Berlin, Germany – October 17, 2024 – Solaris, the leading Banking-as-a-Service (BaaS) platform in Europe, has announced a significant workforce restructuring, which will result in the reduction of approximately one-third of its employees. The majority of these layoffs will affect its UK-based subsidiary, Contis, a key component of Solaris’ EMI (Electronic Money Institution) unit. This […]
London, UK – October 2024: Zopa Bank is excited to announce a new partnership with John Lewis Money, the financial services arm of the John Lewis Partnership, to offer its award-winning personal loan product to 23 million John Lewis customers. This strategic partnership strengthens Zopa’s presence in the market, offering more consumers access to simple, […]
Date: October 9, 2024 Grasshopper Bancorp, the parent company of Grasshopper Bank, has announced a definitive merger agreement to acquire Auto Club Trust, a subsidiary of The Auto Club Group (ACG). This strategic move positions Grasshopper Bank as the exclusive banking partner for depository and selected lending services to AAA members across ACG’s 14-state territory, […]
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