Zopa Bank targets current accounts and SME lending as London listing beckons June 15, 2024 Zopa Bank is set on stepping up its challenge to the likes of Starling, Monzo and Revolut, while expanding its suite of products ahead of a hotly-anticipated stock market float.
Exclusive: Laybuy teetering on the edge of collapse as rescue buyer fails to materialise June 14, 2024 Buy-now pay-later firm Laybuy is teetering on the edge of collapse after efforts to find a rescue buyer have so far failed, City A.M. understands.
CAB Payments confirms new boss less than a year after disastrous London float June 14, 2024 CAB Payments has confirmed that veteran banker Neeraj Kapur has taken over as its new chief executive.
Wise: Fintech’s shares crater as it forecasts slower income growth June 13, 2024 Money transfer firm Wise's shares have cratered after it forecast a slowdown in income growth this year, as the boost it received from historic interest rate hikes dies down.
Revolut to move headquarters to heart of Canary Wharf as it awaits UK banking licence June 13, 2024 Revolut has struck a deal to move its global headquarters to one of Canary Wharf's most prominent buildings as the fintech giant grows its presence in London's financial district amid a long struggle to secure a UK banking licence.
Revolut investor writes-up stake by 20 per cent as ‘commercial traction’ grows June 12, 2024 One of Revolut’s top investors has written-up the value of its stake in the company by 20 per cent after delivering a bruising cut last year on the back of the fiasco over its accounts.
City watchdog clamps down on e-money firm Astropay owned by Uruguay’s first-ever billionaires June 12, 2024 The City watchdog has imposed restrictions on a fintech firm owned by Uruguay’s first-ever billionaires as it tries to improve standards in a more lightly regulated segment of the payments industry.
Starling Bank posts third annual profit ahead of expected London listing June 12, 2024 Starling Bank has posted its third full year of profitability as the digital-only lender grew its customer base and reaped the benefits of higher interest rates ahead of a planned IPO.
FTSE 100 today: Blue-chip set for muted open ahead of Fed decision; UK jobs data key for direction June 11, 2024 US stocks hit record highs, Asian markets were mixed and Apple shares dipped after the AI demo. All eyes are now on the UK jobs report.
Inside UK banks’ arms race against fintech start-ups June 8, 2024 The UK’s major banks are muscling into new areas of the fintech space as they look to keep up with a wave of young challengers and grab a slice of the lucrative market.