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German neobank Nuri files for insolvency

Nuri, a digital-first financial services company with a combined offering of a bank account and crypto investment platform, has filed for insolvency due to the current challenging market developments and subsequent effects on financial markets. The company claims that the step was necessary to ensure the continuity of operations and stresses that this move does not affect the company's services, users' funds or their investments and wallets.

Nuri statement also emphasizes the importance of Solarisbank AG partnership in ensuring that all of the funds in Nuri accounts are safe as the company is undergoing a managerial transition. The temporary insolvency proceedings do not affect deposits, cryptocurrency funds, nor Nuri Pot investments. Users have guaranteed access and will … Continue reading

Posted on 12.08 at 01:23

Wirex rolls out Crypto-backed credit

Cryptocurrency trading platform Wirex recently launched a credit product - offering loans backed by crypto holding, marking its first major step into the lending space. Customers of Wirex will be able to borrow up to 80% against the total value of cryptocurrency they hold, at …

22.07 at 07:29

Revolut launches card readers for businesses

Earlier this week, Revolut unveiled a new product - card readers for SMEs. This move marks UK-based neobank's first venture into physical goods sales. With an intended target audience consisting of small shops, restaurants, cafes and bars, the move is seen as a way to …

06.07 at 14:08

Dutch fintech bunq reports 6,5 million trees planted

Earlier this week, Dutch challenger bank bunq reported having hit a significant milestone of 6.5 million trees planted. The bank reports this effort is comparable to offsetting the CO2 that’s the equivalent of 2 million flights from New York to Paris.

01.07 at 10:07

Revolut joins the Buy Now Pay Later party

Revolut, the popular high street bank alternative, has announced the launch of its take on Buy Now Pay Later. The feature lets customers pay for purchases up to €499 in interest-free instalments, putting the digital bank in direct competition to well known BNPL brands such …

26.06 at 16:07

Curve introduces Metal

Curve, an "all-in-one" digital wallet solution that promises to be "the last card you'll ever need", announced this Thursday an official launch of Curve Metal, a new subscription that comes with an exclusive metal card. This is the second big product launch Curve had in …

17.06 at 10:29

bunq adds Ukrainian and Russian, provides free accounts to refugess

This Tuesday, Dutch neobank bunq announced that the app update that has just hit Apple Store and Play Store features an addition of two new languages - Ukrainian and Russian. On top of that, up-and-coming challenger bank announced that every person who had to leave …

08.06 at 14:37

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