UK sweeps a third of European tech funding in 2024 as London and Cambridge boom July 11, 2024 UK firms have received nearly a third of European venture capital tech funding so far this year, new data shows, as investors flock back to London and Cambridge bolsters its credentials as an international hub.
Philip Hammond: Former chancellor’s Railsr and Towerbrook raise offer for Equals Group July 10, 2024 Equals has extended the deadline, which has already been extended multiple times, to 7 August 2024 to give more time for considering the offer and completing the checks.
Nala: London fintech raises £31m for expansion beyond Africa July 9, 2024 London-based money transfer firm Nala has raised $40m (£31.2m) in funding to support its global expansion and enhance the reliability of payments to Africa.
UK payment firms urge next government to make tech giants refund fraud victims July 4, 2024 The UK payments industry has issued an election-day plea for the next government to make tech giants liable for the reimbursement of fraud victims, in a bid to alter new rules placing the burden on the financial sector.
Fintel pays Abrdn £14.6m for Threesixty amid acquisition spree July 3, 2024 SimplyBiz parent company Fintel has completed its purchase of Threesixty Services from asset manager Abrdn in the AIM-listed firm's latest acquisition.
Equals: Payments fintech notches jump in revenue ahead of potential takeover July 3, 2024 AIM-listed fintech Equals has notched a jump in revenue for the first half of 2024, helped by "strong growth" in its solutions platform, as it readies for a possible takeover offer.
Revolut keeps ‘open mind’ on possible IPO venue as it hints at listing plans July 2, 2024 The chair of Revolut has said the fintech would “keep an open mind” on a potential listing venue as its latest results hinted at plans for a much-anticipated IPO.
Revolut books record profit on higher interest rates and surge in users July 2, 2024 A major boost to Revolut's profitability would come from a UK banking licence, allowing it to offer products like mortgages and credit cards in its home market - where it recently hit nine million customers.
Currensea: Travel card fintech smashes crowdfunding target in just four hours July 1, 2024 London fintech Currensea has smashed its online crowdfunding target after just four hours as the travel debit card company looks to pounce on a rebound in demand for overseas holidays.
Truelayer: Fintech unicorn boss says ‘scale is everything’ as he takes on Visa and Mastercard June 30, 2024 The chief executive of fintech unicorn Truelayer has suggested bottom-line profitability and a potential IPO are some ways off as he focuses on scaling up to challenge Visa and Mastercard’s payments duopoly.