Don’t fear an AI bubble – investor optimism is roaring back, says Hoberman June 1, 2023 A ballooning artificial intelligence (AI) bubble could be a “healthy” sign for the market and shows investor optimism is roaring back, according to one of Britain’s most prolific entrepreneurs.
Monzo: Digital bank narrows losses as it chases fintech rivals toward profitability May 31, 2023 London-based challenger bank Monzo said it narrowed its losses last year and has now swung into the black as it scrambles after its rivals in the race to reach steady profitability.
Property fintech LendInvest sells £243m buy-to-let mortgage portfolio following financing deals May 30, 2023 London-listed property fintech LendInvest confirmed the sale of a £243m buy-to-let mortgage portfolio to digital bank Chetwood Financial. The portfolio includes mortgages originated between 1 March 2022 and 30 November 2022 during which time interest rate hikes reduced the profitability of the mortgages. LendInvest will take a £10.5m loss on the sale which will be [...]
Monzo founder Blomfield fires parting shot at London as he packs bags for San Francisco May 25, 2023 Monzo founder Tom Blomfield has warned there are no quick fixes for London’s "very real" listings problem, in a parting blow to the capital as he packs his bags for the US.
Winklevoss twins warn UK not to ‘politicise’ crypto rules amid US regulators’ ‘warpath’ May 24, 2023 The Winklevoss twins have warned ministers not to “politicise” the UK’s crypto regime today as they launch a charm offensive in London amid a “warpath” from regulators in the US.
Wise: Fintech firm’s finance chief to quit and focus on recovery from bike accident May 22, 2023 Fintech firm Wise has announced its finance chief will step down from his role today just two weeks after boss Kristo Kaarman revealed he would be taking an extended period of leave later this year.
Microsoft and Revolut spats show UK regulators won’t ‘roll over and play dead’, tech chief says May 21, 2023 Microsoft and Revolut’s high-profile spats with City regulators do not signal an underlying hostility to tech and instead show rulemakers in the UK will not “roll over and play dead”, a top London tech chief has said.
Klarna UK boss quits but predicts BNPL firm will “trailblaze” in payments and banking May 19, 2023 Klarna’s UK boss Alex Marsh announced today that he was stepping down having been at the firm for four and half years. Marsh, who joined Swedish buy-now pay-later (BNPL) firm Klarna in 2018, described his time at Klarna as “nothing short of phenomenal”. However, he said that a recent family tragedy has “brought home that [...]
Experian shares tumble as investors fret over cautious forecast May 17, 2023 Shares in credit checker Experian fell sharply in early trading this morning after the firm revealed it had suffered a 19 per cent contaction in profits for the full year.
Why university spinouts are a battleground in the government’s ‘science and tech superpower’ plans May 16, 2023 Top tech investors and policymakers are looking to boost the flow of cash into a new wave of start-ups coming out of British universities, as ministers lean on the private sector to turn the UK into a “tech and science superpower”. Universities have long been viewed as fertile breeding grounds for tech start-ups by private [...]