London fintech firm Previse secures $11m in funding round April 16, 2020 London-based fintech startup Previse has secured $11m (£8.8m) in fresh funding as the invoice payment platform defied wider economic gloom sparked by the coronavirus crisis. Previse, which was founded in 2016, uses artificial intelligence to help suppliers get invoices paid instantly when no manual intervention is needed. The King’s Cross-headquartered firm currently processes more than [...]
Fintech bank Revolut launches in the US March 24, 2020 Revolut has today made its digital banking services available in the US, following months of testing and preparations in the country. The fintech scaleup, which has 10m registered users in the UK and Europe, said it has “tens of thousands” of US customers already signed up to its platform. Starting today, US residents will be [...]
How coronavirus could change our working lives (and the climate) March 24, 2020 | City Talk financial markets. The epicentre of the shock is clearly being felt in travel related industries, as people cancel or put holiday plans on hold, and businesses cancel conferences and move to remote working. Remote working tools widely available As an investor looking at climate change trends, these changes in working practices are interesting in an [...]
Transferwise partners with Alipay as it targets expansion into China March 17, 2020 Transferwise has teamed up with Chinese payment platform Alipay to offer its users money transfers to China, as the London-based payments company moves to expand into the lucrative market. Under the partnership, Transferwise’s users will be able to send Chinese yuan from 17 currencies to users of Alipay, a subsidiary of e-commerce giant Alibaba. Alipay [...]
Monzo launches free and premium business accounts March 17, 2020 Digital bank Monzo has today launched its business bank accounts to the wider public, introducing a free-to-use Lite account and a paid-for Pro iteration. Both types will come with a business current account, mobile and web access, a debit card, categorised spending and in-account cash separation using its Pots feature. Those on the Pro account, [...]
We should hasten the shift from cash, not try to delay it March 16, 2020 Tucked away far down in the text of the Budget was a commitment that the government would protect access to cash and “ensure that the UK’s cash infrastructure is sustainable”. The fact that the UK could become cashless within a decade has caused alarm among some politicians and pressure groups, who have pointed out that [...]
Monzo, Revolut and Starling Bank gear up for coronavirus lockdown March 16, 2020 Preparations at the UK’s top three digital banks for an eventual shutdown due to the spread of coronavirus are well underway, as most staff work from home and remote rehearsals take place. Most staff at both Monzo and Revolut’s offices around the world are now working from home, while at Starling Bank it is an [...]
Fintech start-up Lifetise begins crowdfunding push March 15, 2020 Award-winning start-up Lifetise has launched a crowdfunding campaign on the Seedrs platform, just weeks after its chief executive was named one of Innovative Finance’s rising stars of fintech. The platform, which helps people decide how to afford big life decisions like buying a house, was recently listed as one of the 2020’s most influential fintech [...]
The Budget has recognised the potential of UK fintech March 12, 2020 All eyes were on the chancellor yesterday, as he delivered his first Budget against a challenging backdrop for the UK’s economy and health system alike. The focus was very much on backing the NHS, supporting small business, and boosting infrastructure spending across the country — and rightfully so, given the circumstances. We’ve also seen vital [...]
Budget 2020: Government to issue UK fintech sector review March 11, 2020 Chancellor Rishi Sunak has today announced the government will carry out a review of the UK’s burgeoning fintech sector, as part of its goal to champion Britain’s leading tech talent. The review will explore the support the government can provide to ensure “growth and competitiveness” in the sector. Fintech has been the UK’s top performing [...]