Meet the 23 fintech startups on Tech Nation’s latest growth programme September 5, 2019 London startups dominate the list of 23 fintechs that have joined government-backed Tech Nation’s 2019 growth programme. Sixty per cent of the new cohort of financial technology firms hail from the capital, while 40 per cent boast at least one female co-founder, Tech Nation revealed today. Read more: Fintech is all the rage, but is [...]
Freebike to launch electric bike-sharing scheme in the City May 28, 2019 Electric bike company Freebike is set to launch a dockless bike-sharing service in the Square Mile after securing a contract with the City of London Corporation. The pedal-assist electric bikes will allow workers to travel around the City using the Freebike app or by swiping a contactless card, with a pause facility enabling users to [...]
Payment startup Thunes closes $10m Series A funding round May 6, 2019 Emerging economies payment start-up Thunes has completed a $10m (£7.64m) Series A funding round led by Alibaba and Airbnb investor GGV Capital. The funding will be used to expand Singapore-headquartered Thunes across Africa, Asia and Latin America. Read more: Buy now, pay later, budget better – Laybuy is shaking up the retail sector Thunes will also add [...]
Fintech champions face an uphill climb if they want to expand into America July 4, 2019 When did you last pay with a cheque? I’d be willing to bet that many of you don’t even know where your cheque book is, and if you do, that it’s probably gathering dust. If you’re living and working in a UK city, you’re totally accustomed to new ways of banking – from Apple Pay [...]
Cryptocurrency platform Coinbase launches Visa debit card April 11, 2019 Cryptocurrency platform Coinbase has launched a Visa debit card that allows customers to spend their digital currency in stores and online. When customers use the card, which is only available in the UK, Coinbase will convert the cryptocurrency into pounds, and transaction summaries and receipts will be recorded within a new app, which has also [...]
Natwest increases small business loan programme amid Brexit uncertainty April 23, 2019 Natwest will double its growth funding programme for small and medium-sized British businesses, citing the need to help them navigate Brexit disruption. Read more: Government provides £200m for small firms as Brexit threatens EU funding The UK bank’s growth funding loan pot, which was started in May 2018, will be immediately doubled to £6bn in [...]
Philip Hammond to give verdict on future of 1p and 2p coins April 28, 2019 The Chancellor Philip Hammond is set to decide on the future of 1p and 2p coins this week, after much speculation that they could be axed. Read more: Scrapping 1p and 2p coins would have "no significant impact on prices" City A.M. understands that the two copper coins are likely to be saved by a [...]
Which London Underground line suffers the worst delays? March 8, 2019 Delayed Tube trains and chaotic commuter journeys have long been the fodder of water cooler conversations across the capital. But transport-related tiffs can now be put to rest, as new data has revealed which London Underground line suffers from the worst delays. Data compiled by Casino.co.uk shows denizens of the District line are the worst [...]
Losing out: British finance bosses leaking £6.7bn a year by failing to update accounting systems March 27, 2019 Outdated accounting systems which prevent British companies taking advantage of early payment discounts are costing them £6.7bn a year, according to research. More than one-fifth of finance bosses (22 per cent) surveyed by Opinium believe their accounting software is out of date, while 16 per cent said it did not allow them to use early [...]
Crypto AM’s community play their part in the war against COVID-19 June 25, 2020 Ever since the Crypto AM Awards 2020 on the 11th March and the subsequent lockdown enforcement, it was clear that the new normal required new and lateral thinking with the government’s clarion call for support in the war against the coronavirus COVID-19. Now, months later, I reached out to Crypto AM’s global community to hear [...]