German direct bank “N26” raises US $300M

German direct bank “N26” raises US $300M


N26, a Berlin-based fintech startup that lets users quickly open bank accounts and receive cards, has raised $300 million in a new Series D round. Insight Venture Partners and Singapore’s GIC (GIC Private Limited) led the financing, which values the six-year-old company at

India’s foreign-exchange reserves plunged $5.14 billion in Oct

India’s foreign-exchange reserves plunged $5.14 billion in Oct


India’s foreign-exchange reserves plunged $5.14 billion in the week ended Oct. 12, the biggest drop in seven years, hinting the central bank intervened to stem the Indian Rupee‘s losses from getting out of hand after it held interest rates at an