UK fintech Wise in tie-up with Oaknorth as it beefs up infrastructure division Fintech UK fintech Wise is set to reveal a partnership with small business lender Oaknorth as the group looks to make its infrastructure arm a driving force. The cross-border finance firm’s tie-up with Oaknorth will see the latter adopt Wise’s international payments engine directly into its own banking platform for small businesses. Fintechs and challengers have [...]
UK bank bosses and John Healey set for tax showdown Banking When banking lobbyists geared up for an offensive ahead of the 2025 Budget, a tax cut barely made the wishlist. Modest in their ambitions, advocates were preparing to settle for anything that didn’t see their already eye-wateringly high tax bill rise. That is until, City AM understands, officials advised them to make a cut a [...]
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Airtel Money set for £5.3bn valuation in London’s biggest IPO in years October 1, 2026 Airtel Money is set to float at a valuation of £5.3bn in what would be one of the biggest listings on the London Stock Exchange in recent years. The fintech arm of the telecommunications giant Airtel Africa said its investors would sell 270m shares at a price of £1.96 per share in the offer, which [...]
Zilch leaning towards London IPO as UK fintech calls in bankers September 30, 2026 UK fintech Zilch is leaning towards a public debut on the London Stock Exchange as it kickstarts plans for a potential $2bn listing as soon as next year. The payments firm, founded in London in 2018, views London as the favoured venue for a listing, likely to take place in the second half of 2027 [...]
Revolut and Nubank want to make neobanking their world September 30, 2026 Nubank’s takeover talks with Monzo shocked the City. In this week’s column, Samuel Norman takes a look at how and why a deal might emerge and the battle that lies ahead with Revolut. Around a decade ago, a handful of colourful plastic cards found their way into Brits’ wallets. Monzo was one of the first, [...]
Revolut and Monzo urge Healey to raise bank tax threshold September 28, 2026 Revolut, Monzo and Shawbrook are among a raft of challenger banks calling for John Healey to raise the threshold at which UK lenders are hit with an additional tax grab. The group – which also includes Investec, Aldemore and OSB – have written to the Chancellor ahead of the Budget in a bid to remove [...]
Chrysalis sells off Klarna stake for £34m after stock plunge September 28, 2026 Chrysalis Investments has sold off its remaining stake in buy now, pay later firm Klarna following a bruising plunge in the fintech’s value over the last year. The British investment trust said on Monday it had offloaded its remaining holdings in the Swedish company for £34m, which followed on from a £6m sale in July. [...]
As it happened: FTSE 100 rises but energy shock looms; Healey says government debt an ‘affront to Labour values’ September 28, 2026 Welcome back to the City AM FTSE 100 liveblog. Stick with us throughout the day for the latest London Stock Exchange and wider business and economic news, as soon as we get it. The main event of the day will be Chancellor John Healey’s speech at Labour conference in Liverpool. Here’s a look at some [...]
Monzo in talks over £10bn sale to Nubank in blow to IPO hopes September 26, 2026 Digital bank Monzo is in early discussions over a sale to Brazilian fintech giant Nubank, in a move that could crush hopes of the British firm listing on the London Stock Exchange. The UK fintech has been approached by US-listed Nu Holdings and is understood to have tapped bankers at Morgan Stanley and Qatalyst to [...]