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.
City regulators lay out plans for stablecoin rules in ‘global crypto hub’ push November 6, 2023 The City watchdogs have laid out sweeping plans to bring so-called stablecoins into regulation today as the UK pushes ahead with its effort to become a "global hub" for crypto.
Cash and carry to billion dollar boss: Quantexa chief Vishal Marria November 2, 2023 Quantexa boss Vishal Marria - chief of the only 'unicorn' minted this year - says helping his parents run their shop in Brixton put business in his blood.
OKX: Crypto exchanges must prove they can handle an FTX-style crisis October 31, 2023 Crypto exchanges should be made to prove they can cope with a flood of withdrawals from customers, crypto bourse OKX has said.
IG Group slashing 10 per cent of its workforce in cost-cutting drive to save £50m yearly October 31, 2023 The job cuts make up around 10 per cent of IG Group's total workforce at the end of the 2023 financial year.