Vitesse: London insurtech lands £73m funding round led by US private equity giant KKR May 21, 2024 London-based insurtech Vitesse has secured a new $93m (£73.2m) funding round to support its expansion in the US.
GoCardless: Fintech ‘open-minded’ on further acquisitions as it eyes profitability in 2025 May 11, 2024 London-based payments fintech GoCardless is weighing up further acquisitions in the open banking space as it looks to rebound from a challenging 2023 and achieve profitability next year.
Monzo’s valuation rises as fintech giant bags £150m funding for US growth May 8, 2024 Monzo has raised $190m (£150m) in new funding, taking its total for the year to $610m (£490m) and raising its valuation to $5.2bn (£4.1bn), as the digital bank eyes up international expansion and a flurry of new products.
Plus500 shareholders reject bosses’ paypackets after proxy resistance May 7, 2024 Shareholders in fintech firm Plus500 have revolted against the multi-million pound paypacket of its two bosses today in the first major rebellion of a fractious AGM season marked by resistance over executive pay.
Zilch doubles down on AI for buy-now pay-later domination ahead of planned IPO next year May 5, 2024 London fintech Zilch is ramping up its use of artificial intelligence to boost competition with rival buy-now pay-later (BNPL) providers like Klarna and help it achieve profitability ahead of a planned IPO next year.
FTSE 100 today: London shares poised to rise after US Fed maintains status quo; eyes on Apple and StanChart earnings May 2, 2024 Asian markets opened cautiously on Thursday after the US Federal Reserve signalled a delay in interest rate cuts, dragging Wall Street lower. Oil prices surged in anticipation of US reserve replenishment, and the yen strengthened amid intervention speculation. Qualcomm's stock surged on strong earnings. Focus now turns to earnings reports from Apple and StanChart.
FTSE 100 today: London stocks to stay subdued in light trading as Asia and Europe mark Labour Day holidays May 1, 2024 Asian markets were mixed following Wall Street's poor performance. Concurrently, oil prices experienced a decline while gold remained stable. Starbucks, AMD, and Supermicro saw significant stock declines. Now, all eyes are on the upcoming US Federal Reserve policy decision and Chair Jay Powell's remarks.
Amazon’s stock surges on strong earnings, fuelled by AI-driven cloud growth May 1, 2024 Amazon.com surpassed Wall Street's expectations in its quarterly report, buoyed by the surge of interest in artificial intelligence, particularly in its cloud-computing division, propelling the retail giant's shares up to 5% in after-hours trading.
Klarna offloads London entrepreneur’s shopping tech after just three years April 30, 2024 Fintech firm Klarna has sold assets in virtual shopping business Hero to Swedish video commerce platform Bambuser for around £1.1m just three years after buying the entire company for a reported £137m.
FTSE 100 today: BHP pounces on Anglo American while Meta drags tech lower April 25, 2024 US stocks saw a slight rise amid volatility. Asian stocks declined as Meta reignited tech sell-off, and the Japanese yen dropped below ¥155. Meta's stock fell 15 per cent, contributing to market turbulence. Despite this, oil and gold prices held steady. Investors now await US Q1 GDP data and earnings updates from Alphabet, Microsoft, Intel and Barclays.