Have digital banks turned the corner?
Mobile banking has come into its own under COVID-19, but fintechs must adapt to compete with the strengths of incumbent banks. Last November, Starling Bank hit headlines with the announcement it would break even for the first time. What would be a commonplace piece of financial reporting in other sectors is a rare and in […]
Expense management firm Divvy raises $165m
Divvy, an American outfit offering businesses a combination of free expense management software and corporate credit cards, has raised $165 million at a valuation of $1.6 billion. The Series D investment includes new investors Hanaco, PayPal Ventures, Whale Rock, Schonfeld, and participation from previous backers NEA, Insight Venture Partners, Acrew, and Pelion. Divvy’s centralised platform […]
