UK’s cash-strapped fintechs brace for buyouts as London IPOs stall October 8, 2024 Amid a dearth of IPO activity, the UK's fintech sector is bracing for more consolidation as successful start-ups expand and established players fend off future rivals.
HSBC writes off stake in former UK fintech darling Monese October 1, 2024 HSBC has written off its holding in British fintech Monese just two years after taking a $35m stake in the firm.
Clearbank eyes flurry of new products amid ‘huge demand’ for fintech September 30, 2024 ClearBank is eyeing up a string of new business lines after hitting profitability and taking its first steps towards international expansion.
Square Mile and Me: PPRO CEO Motie Bring on a career in fintech – and a plea for more office dogs September 26, 2024 We dig into the memory bank of the City’s great and good. Today, Motie Bring, CEO at London fintech PPRO, talks us through his career journey and City highlights What was your first job? An unforgettable summer gig as a waiter at a vibrant cafe called ‘London’ on the beach in Tel Aviv. What was [...]
Regulator confirms U-turn on maximum amount banks must refund fraud victims September 25, 2024 The UK’s payments regulator has confirmed an last-minute U-turn on the maximum amount banks and fintechs will have to reimburse fraud victims under a new regime, after heavy industry lobbying and pressure from ministers.
Funding Circle co-founder to step down from lender’s board September 25, 2024 The co-founder and former chief executive of small business lender Funding Circle has said he will step down from the company's board next month.
Moneyfarm: Acquisitions and swelling client base help wealth manager’s assets surpass £4bn September 25, 2024 Digital wealth manager Moneyfarm has reported a jump in assets for the first half of 2024, helped by acquisitions and a swelling client base.
Apron: London fintech taps Checkout founder and Apple iPhone co-creator for $30m funding September 25, 2024 London fintech Apron has raised $30m in Series B funding to boost hiring and launch a slew of new accounting and payment tools for small businesses.
Revolut to launch retail wealth app in challenge to Robinhood and Etoro September 24, 2024 Revolut is launching a standalone app based on its wealth management offering as Europe’s most valuable fintech looks to challenge Robinhood and Etoro in the retail investor market. The Revolut Invest app will offer more than 4,000 financial instruments, including from US and European stocks, bonds, commodities and exchange-traded funds, the London-based company said. Equity [...]
Bank of London: Questions persist over unicorn’s finances and governance September 24, 2024 In the span of just two weeks, fintech "unicorn" The Bank of London has gone from relative obscurity to being thrust into the public spotlight for all the wrong reasons.