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Covid-19 has resulted in terrible aftermath for traditional stock trading. However, things have been going great for the fintech app Robinhood. The company managed to raise $460 million with its latest extension of the Series G round. According to a company spokeswoman, with Series G’s release, its funding round rocketed to $660 million. Consequently, Robinhood’s current valuation stands at $11.7 billion. All of the newly raised funds come from subsequent closings of the same series.…

The famous European fintech startup TransferWise is valued at $5 billion after the announcement of the second round of share sale this Wednesday. The value of this deal crosses $319 Million. However, no new money comes into the company as it is the re-distribution of holdings owners. The chance of selling a part of the holdings was provided for employees and investors. That not only allows to earn for shareholders but to avoid issuing more…

Monzo is expected to close a deal for an additional £70-80 million. The final amount raised hasn’t been confirmed yet, but according to the Financial Times, the value of the company might plummet nearly 40%. No profit yet? As most neobanks currently are not earning any profit, they are completely dependent on capital investments to keep on working. According to their annual report for their 2019 financial year, Monzo loss for the year is over…

Just a week ago, N26 announced an extension to their Series D funding with a further $100 million, bringing series D round to $570 million. This positions N26 as one of the highest valued FinTech companies globally. Their series A round funding started with €10 million from Valar Ventures, co-founded by Peter Thiel – also Paypal’s co-founder. Currently, N26 has reached over 5 million customers and raised $782 million. The company is valued at $3.5…

As COVID-19 is hitting the world’s economy, many need help. Lithuania’s minister of finance Vilius Sapoka with the care of former President Dalia Grybauskaite started a COVID-19 Consequence Reduction Fund for Lithuania. TransferGo came to assist! They are one of the biggest Fintech company, that started in the country. Faster Payments The company partnered with one of the leading global foreign exchange and payment provider IFX Payments to help receive the money faster and more…

Revolut just announced that it launches a new Junior account feature that is dedicated to kids. The company states that it is a totally new way to teach our children about money and its management. What exactly Revolut Junior is? It is Revolut account devoted to young people from 7 to 17. They can spend and track their money with an additional level of security. By having Revolut card, young user can pay wherever he…