Revolut Business to Launch Credit for Businesses in 2025
Weekly news up to Tuesday, 6th of May 2025
👀 NEWS HIGHLIGHT
PeerBerry is reporting more than €3 billion in total funded loans and over 100 000 in total users.
In April, PeerBerry reached a significant milestone of €3 billion in total funded loans via their online investment platform.
The total number of platform users has now exceeded the 100,000 mark.
Investment platform PeerBerry investors invested “€27.93 million in loans last month and were paid €901 712 in interest.”
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NOW, ON TO THE SUMMARY OF LAST WEEK'S NEWS
🌎 FINTECH HIGHLIGHTS
⭐️ Portuguese sustainable finance platform Goparity raises €2.9M to fund impactful projects.
⭐️ ECB partners with private sector through digital euro innovation platform.
⭐️ Revolut Business to launch credit for businesses in 2025.
⭐️ EPI is in talks with Spain’s Bizum and Portugal’s Sibs about a potential partnership.
FINTECH
Revolut rebuffs investors. The company recently rejected investor interest that would have given it around a $65 billion valuation. It required the company's go-ahead, which Revolut denied. The neobank was last valued at $45 billion via a 2024 secondary sale. Read more
Tide expands availability of credit product to all UK small business members. Credit Flex is a short-term credit facility integrated into the Tide app that gives eligible Tide members instant access to credit of up to £5,000. access to credits up to £5,000.
FinTech Group Qualco and its owners target raising €98 million in Athens IPO. The company plans to offer shares at a price range of €5.04 to €5.46 apiece as early as next week. It aims to sell as much as €57 million of new stock in the offering, while existing backers will likely offer another €41 million of shares.
PAYMENTS
Stripe Radar protects ACH and SEPA payments. The tool analyzes a multitude of signals from Stripe's global network to assess risk and prevent fraud before it impacts businesses. This allows companies to maintain consistent fraud prevention measures across various payment methods.
Bankart chooses Iliad Solutions in multi-year payment testing deal. Through this new partnership with Iliad, Bankart has the opportunity to access the capabilities of t3. This helps drive Bankart’s payment capabilities and its position as a leading payments processor.
Klarna hits 11 million UK customers as UK revenue soars 30% in breakout 2024. Since launching in the UK ten years ago, Klarna has helped shoppers avoid nearly half a billion pounds in interest by offering a simpler, fairer alternative to credit cards.
Dutch court rules Klarna must justify late fee charges in its business model. It states that Klarna failed to prove that it does not profit from debt collection fees, suggesting that these charges are part of its revenue model. The decision raises concerns about transparency in "buy now, pay later" services and could lead to refunds for consumers who have paid such fees.
Final preparations underway for Bulgaria’s transition to the Euro in card payments. The Bulgarian National Bank (BNB), in collaboration with BORICA AD, the Government Securities Depository, the Central Depository AD, and the banking community, has led the preparations for transitioning payments and settlements to the euro.
Amsterdam’s Sprinque shuts down; co-founders pivot to AI startups and FinTech advisory. The Dutch company cited shifting market conditions and a tighter investment climate as core reasons behind the closure. Keep reading
REGTECH
Pexa achieves authorisation with the FCA. This will enable PEXA to facilitate c.70% of property transactions in England and Wales, with additional extensions to the product planned to increase this coverage further still. It also allows it to act as a third-party managed account provider to UK conveyancers for Sale & Purchase transactions.
FCA seeks feedback on regulation of cryptoasset trading platforms in next phase of road to regulation. Clear crypto regulation will boost confidence in the sector, supporting growth. In this latest discussion paper (DP), the FCA is seeking views on intermediaries, staking, lending and borrowing, and decentralised finance.
DIGITAL BANKING
Revolut reports record profits in Australia & globally for 2024. The company announced a net profit before tax of AUD 4.4 million for its Australian operations in 2024, an all-time high for the business in this market. Australian revenue increased by 163% year-on-year. Meanwhile, the company is negotiating with the National Bank of Ukraine to obtain a banking license. The NBU is interested in the entry of the neobank Revolut into the Ukrainian market.
Tietoevry Banking’s new insight-report reveals an increase in digital payment fraud in Europe. The new Payment Fraud Report reveals a sharp increase in digital payment fraud across Europe, mainly driven by increasingly sophisticated social engineering tactics and the use of AI. Read on
PARTNERSHIPS
Emirates chairman Sheikh Ahmed bin Saeed Al Maktoum discusses collaboration with PayPal leadership team. During a recent meeting, they discussed opportunities to build on their 15-year relationship. The meeting comes as Dubai accelerates its D33 Agenda, an initiative aimed at positioning the emirate as a global hub for innovation and the digital economy.
European Regtech Fourthline selected by Riverty to provide KYC Tech. The partnership gives Riverty access to technological components for compliant onboarding through a single API, including identity document verification, biometric data analysis, and the application of Fourthline’s verification models.
BNP Paribas renews IBM partnership, unveils new cloud infrastructure for 2028. The expansion will further bolster BNP Paribas’ ability to manage risks associated with cloud service providers, a priority area under DORA. Continue reading
Lemon.markets expands brokerage-as-a-service platform with Optio to support equity compensation. This partnership aims to help big German companies, including one listed on the major stock index DAX, manage their employee stock compensation more efficiently.
M&As
Qenta expands payment network with Pipit Global purchase. This move is expected to extend Qenta’s reach in the international payments market, leveraging Pipit’s network of over one million pay-in points and mobile money system integrations.
Santander raises €7bn from Poland sale. The Spanish bank’s move comes amid questions about whether its sprawling global presence, in which it has described Poland as one of its 10 “core markets”, still makes sense. Keep reading
MOVERS & SHAKERS
Revolut hires Merisa Lee Gimpel to lead supply chain finance division. Lee Gimpel joins from Lloyds Bank, where she has spent the past 11 months as managing director of client solutions and lending innovation. Before this, she spent five years with the bank in trade finance roles.