Equals: Payments fintech’s revenue jumps by a third amid record transaction values September 10, 2024 Payments fintech Equals Group has seen fees to financial advisers weigh on its earnings as it looks for a potential buyer, while revenue surged on the back of record transaction values.
Bank of London shakes up City advisers after row with taxman September 9, 2024 The Bank of London launched an emergency effort to contain the controversy surrounding the fintech over the weekend as it was hit with a winding-up petition over unpaid taxes shortly after its chief executive stepped down.
The Bank of London Group handed HMRC winding-up order after chief steps down September 7, 2024 The Bank of London Group, a fintech unicorn boasting Peter Mandelson on its board, was handed a winding-up petition by the UK's tax authority just two days after saying its founder would step down as chief executive, City A.M. can reveal.
UK regulator set to cut fraud refund limit but sticks by deadline for controversial rules September 4, 2024 The UK’s payments regulator is poised to lower the maximum amount banks and fintechs would have to reimburse fraud victims under a new regime, but stuck by its October implementation date despite mounting pressure. In their current form, new rules from the Payment Systems Regulator (PSR) are due to force banks and fintechs to reimburse [...]
Revolut to ‘aggressively’ double down on business accounts after surge in revenue September 4, 2024 The head of Revolut's business-to-business offering has said it is "aggressively doubling down" on the market, after the unit's global revenues exceeded $500m (£380m) this summer.
CAB Payments posts slump in profit as currency shifts drag down earnings September 4, 2024 Fintech CAB Payments has reported a slump in profit for first half of 2024 as currency shifts continued to weigh on its earnings.
The Bank of London founder steps down as chief executive September 3, 2024 The Bank of London has announced that Anthony Watson is stepping down as chief executive eight years after founding the firm.
Zilch: London fintech unicorn hits monthly operating profit ahead of planned listing September 3, 2024 Zilch has reported its first month of operating profit four years after launching, as the fintech unicorn made progress on its financial targets ahead of a much-anticipated stock market listing.
CAB Payments partners with Visa to boost emerging markets service August 29, 2024 Fintech CAB Payments has struck a deal with Visa designed to boost its services across emerging markets.
Klarna swings to adjusted profit in first half of 2024 ahead of planned listing August 27, 2024 Klarna swung to an adjusted profit in the first half of 2024 as the buy-now pay-later giant makes progress on its bottom line ahead of a planned stock market listing.