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The Paytech Magazine Issue #18
In this issue of The Paytech Magazine, the financial technology landscape is currently witnessing a […]
Curve reported serious operating losses
Fintech Curve has reported an operating loss of £37.9 million in its annual results for 2020.
Nik Storonsky targets billions of $ in sales before IPO
Digital bank Revolut still needs billions of dollars in annual sales before it can go public, according to a Bloomberg report.
N26 hits 7 million customer mark
Berlin-based challenger bank N26 has just surpassed the amount of 7m customers across Europe and the US.
Revolut losses tripled to £107m in 2019
Revolut reported a pre-tax loss of £107m for the year 2019 to December. This means the company's losses more than tripled to a £33m pound loss in the 2018.
Starling bank 'on track to break even' despite the losses doubled to £52m in 2019
Starling bank recently announced that it generated £6.7 million for the month of July 2020, meaning that it could make annual revenue of £80m.
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