John Reynolds

The funding round comes as investors continue to flood investment into European drone makers.

The challenger bank, which employs more than 4,000 people, believes the cuts will allow it to launch products more quickly.

Company is one of a number of family-owned Irish-founded British businesses that helped build the UK’s water, power, transport and other infrastructure

The boss of the UK fintech also said the conditions “were difficult” for a Thought Machine London IPO.

It says its tech makes batteries that are more efficient than sodium-ion and lithium-ion rivals.

Overall, new data shows that a record 3,053 new startups were founded in Germany between January and June this year.

Finto has received backing from YC, Gradient and Lightspeed.

QuantumDiamonds has raised €91m in total.

Called Marker, the funding round was led by Index Ventures with participation from LocalGlobe.

Revolut is set to offer FDIC-insured deposits, loans, credit cards, as well as access to stablecoins and cryptocurrencies.