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Europe's biggest neobank Revolut reports a profitable 2021
Europe's largest challenger bank Revolut announced positive net income in a long-awaited report of 2021 financial results. The neobank, which offers a wide range of financial services, disclosed a net profit of £26 million (€29,4 million) for the year ending December 31st, 2021. This result is a significant improvement from the company's performance in 2020, when the company reported a net loss of ground-breaking £220 million (€248.6 million).
Revolut's success …
17 May '23
Investment app BUX, based in The Netherlands, is launching its 2nd crowdfunding campaign soon, giving its customers a chance to be even more invested in the product. Ever since the company's first crowdfunding in 2017 which saw over €1 million pledged within 24 hours, BUX has secured mover €100 million funding from the tech giant Tencent and Procus. For crowd investors this time around, BUX also provides perks such as BUX merchandise, BUX Tokens, free …
09 October '22
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.
12 August '22
