Iwoca: Fintech lender secures £200m debt to support larger SMEs November 11, 2024 Small business lender Iwoca has secured £200m of debt funding as the fintech looks to grow its market share through bigger loans.
Founder Favourites: The challenges of starting a business and buying a football club November 8, 2024 In this episode of Founder Favourites, speaking to co-hosts Jennifer Sieg and Emmanuel Nwosu, Carol Shanahan tells the world how she managed to secure her first role in an all-male firm at the age of 17.
Wise: Fintech’s shares pop as swelling customer base boosts profit November 6, 2024 Wise has posted a surge in profit as the money transfer fintech benefited from a swelling customer base and made investments to reduce prices.
Wise shares boosted by Standard Chartered FX deal November 5, 2024 Wise has struck a deal with Standard Chartered for the lender to use its foreign exchange infrastructure for multi-currency money transfers in Asia and the Middle East. The partnership will see the emerging markets-focused bank integrate Wise’s tech to offer money transfers in 21 currencies. Wise’s share price rose 8.5 per cent in London on [...]
US fintech giant Affirm muscles into UK’s buy-now pay-later market November 4, 2024 US fintech giant Affirm has launched a UK buy-now pay-later (BNPL) offering as it looks to grab a slice of the fast-growing market in a challenge to the likes of Klarna, Clearpay and Zilch.
Bank of London: Peter Mandelson and Harvey Schwartz exit troubled fintech October 30, 2024 The Bank of London has announced the exit of Labour grandee Peter Mandelson and ex-Goldman Sachs executive Harvey Schwartz from its board in the latest shake-up at the troubled fintech unicorn.
CAB Payments engages with US firm on possible takeover offer October 30, 2024 Fintech CAB Payments has said it is engaging in discussions with US payments firm StoneX about a possible takeover offer after its disastrous London float last summer.
Chrysalis raises Klarna valuation ahead of fintech’s planned IPO October 28, 2024 Chrysalis raised the valuation it assigns to its stake in Klarna as the buy-now pay-later (BNPL) giant gears up for a hotly-ancitipated IPO next year.
US investor revives controversial Revolut share offer after FCA setback October 28, 2024 A US private equity firm is pressing on with a controversial effort to grow its stake in Revolut at a heavy discount, City AM can reveal, after its previous offer was scuppered by the City regulator.
Wise boss fined by City regulator for ‘significant tax issue’ October 28, 2024 The Financial Conduct Authority (FCA) said the issue was relevant to its "assessment of Mr Käärmann's fitness and propriety" and he had therefore breached a senior manager conduct rule.