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London tech chiefs have called on the government to push ahead with reforms today after a new survey showed that London has climbed above San Francisco as a global hub for fintech for the first time.
Fintechs are excited by the potential of a so-called digital pound arguing it will help spur innovation in the UK and create a more competitive payments environment.
Fintech firm Apron, a payments and accounting platform for small businesses, has raised $15m (£12.2m) in its latest funding round.
London’s fintech sector is showing “shoots of positivity”, an industry chief said today as they sought to challenge the doom and gloom narrative surrounding the business environment in the City. Despite the loss of some major floats, the chief executive of Innovate Finance (IF), the industry body representing the UK’s fintech sector, said she was [...]
The fintech's results had been due in September, nine months after the end of its financial year.
It’s not been a quiet few years for small business lenders. When covid struck in 2020, a host of non-banks found themselves thrust into the public consciousness alongside the big High Street lenders as small companies scrambled for a cash lifeline through lockdowns. The reception was a largely positive one; some even took on something [...]
Fintech lender Zopa Bank has raised a fresh £75m round of debt financing today to boost its coffers ahead of a much-anticipated float on the public markets. The London-based bank, which has been open about its ambitions for an IPO in recent months, said today it had raised £75m of tier-two capital through a ten-year [...]
Funding Circle swung to a loss in the first half of the year as a sluggish UK economy and the winding down of government-backed Covid loans continued to drag on the small business lender’s bottom line. The London-listed fintech posted a pre-tax loss of £16.6m in the six months to June, against a profit of [...]
Clearbank has doubled its deposit base in six months as it benefited from rising interest rates and attracted new clients in the wake of Silicon Valley Bank's (SVB) collapse.
Buy-now pay-later giant Klarna will double down on a UK investment drive despite lingering uncertainty around a clampdown on the sector by regulators this year, its global chief has pledged. Sebastian Siemiatkowski, founder and chief of the Swedish fintech, told City A.M. that the UK remained a key market for the firm despite a push [...]
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