One of the UK’s fastest growing fintechs says it will outpace Starling soon December 4, 2023 Some 10 months into the launch of digital bank Kroo, the founder reckons it will achieve profitability twice the speed of Starling Bank.
Does the UK really want Robinhood? December 4, 2023 Robinhood launched a push into the UK this week - but how warmly will it be received by British retail investors?
Zopa and Tide given valuation boost by investor Augmentum November 28, 2023 Listed fintech fund Augmentum has bumped up the valuation of its portfolio this year in a sign that values are beginning to stabilise after a sharp slump over the past two years.
Many fintech lenders are ‘uneconomical’ report finds November 21, 2023 Winyield said that less than ten per cent of the fintech lenders it interviewed had staff with "previous relevant credit experience."
Hunt reveals Treasury-backed tech funds in bid to kickstart £75bn pension boost November 21, 2023 The Chancellor Jeremy Hunt has revealed £250m will be channelled into two new private sector investment vehicles today as ministers look to kickstart the flow of cash from pension funds into tech start-ups.
Deloitte reveals the UK and London’s fastest growing tech companies November 17, 2023 London-based Allica Bank has topped Deloitte’s annual ranking of the UK’s 50 fastest growing technology companies. The top three — Allica Bank, Yoto and Hypervolt — all come from different sectors this year, including fintech, software and environmental tech. Together, the Fast 50 winners have an average four-year growth rate of 5,473%, possess total revenues [...]
How the City is trying to bust the ‘myth’ of New York valuations November 16, 2023 The London Stock Exchange has faced a bruising few months as firms head to New York - but the City is now going on the offensive to take on the view they'll automatically fetch a higher valuation.
Can’t keep up: Wise halts new UK and EU business customers amid capacity strains November 9, 2023 London-listed fintech firm Wise has been forced to freeze onboarding all new business clients across the UK and Europe due to “high demand”, in the latest hiccup to face the firm after it “deactivated” all US business cards last week.
Klarna boss: My three conditions for an IPO – and no, I won’t tell you where November 7, 2023 The boss of Klarna has said he has “three tick boxes” for the firm ahead of a public listing, all of which have now been met, as the Swedish fintech looks to revive its plans for a blockbuster IPO as soon as next year.
Klarna swings into profit as bosses plot blockbuster IPO November 6, 2023 Buy-now pay-later firm Klarna has swung into the black for the first full quarter in four years after rolling out a major cost-cutting programme and slashing the amount of borrowers defaulting on their debts.