Revolut, one of the UK’s largest digital banks, has today announced it has raised $500m in a Series D funding round.
LendingClub has acquired digital challenger Radius Bank, becoming the first U.S. fintech to snap up a bank.
Investors poured more than $53 billion into fintech startups worldwide in 2019, according to Accenture. See the Most Innovative Fintech Companies In 2020 according to Forbes.
The Commonwealth Bank of Australia (CBA) has increased its stake in pay-later giant Klarna to jointly fund the fintech’s expansion across the Australian and New Zealand markets.