Wise hikes profit guidance as customers sending cash overseas surges again January 16, 2024 Money transfer firm Wise reported another boost in the amount of customers pinging cash overseas today as it continued to feel the lift of rising interest rates in the final three months of the year.
Andreessen Horowitz backs London insurance start-up to shrug off UK venture woes January 11, 2024 Silicon Valley giant Andreessen Horowitz (a16z) has thrown its weight behind London insurance tech Hyperexponential today in a deal that shrugs off the gloom gripping the UK’s venture capital market.
After a difficult 2023, outlook for online trading platforms brightens as retail investors return January 8, 2024 A number of trading platforms recorded exceptionally good years in 2021 and 2022 as people locked at home during Covid with nothing to spend money on took a punt on an increasingly volatile market.
Plus500 share price rises after trading surge helps firm end 2023 on a high note January 8, 2024 Across the year as whole, the fintech announced around $350m in shareholder returns, split between dividends and share buybacks.
From a £600m profit to a £1bn loss: The investors who made the most from London-listed firms this year December 31, 2023 The co-founder of fintech Wise has emerged as the top gainer in London's public markets this year, with an average daily gain of over £1.6m.
Fintech firms face ‘growing skills gap’ in 2024, warns top chief December 28, 2023 The UK’s fintech sector faces a “growing gap” in talent next year as the demand for digital skills continues to outstrip supply, a top industry chief has warned.
Revolut reportedly set for £1.5bn in revenue on higher European interest rates December 20, 2023 Revolut is set to see revenue of more than £1.5bn in 2023, according to an investor presentation seen by Bloomberg, as the pan-European fintech receives a boost from higher interest rates.
LendInvest swings to loss on mortgage woes, has cut more than a quarter of staff December 19, 2023 AIM-listed lender to homeowners and buy-to-let landlords hit by increased competition
UK fintech group IEC floats on London Stock Exchange’s AIM rival Aquis December 14, 2023 A UK fintech group has listed on the Aquis stock exchange in a boon to the City after a year of its public markets being starved of listings.
Liberis secures £89m on mission to close global SME funding gap December 7, 2023 London-based fintech Liberis has secured $112m (£89m) from HSBC Innovation Banking and BCI Capital, furthering its mission of closing the global small business funding gap. The financing will help the small business-focused finance firm to further its growth across Europe and North America, providing businesses with more flexible finance options. Liberis chief executive, Rob Straathof, [...]