Sequoia Capital to carve off China and India units as it faces ‘increasingly complex’ pressures June 6, 2023 Venture capital behemoth Sequoia Capital has revealed plans to carve up its business into three distinct firms due to the “increasingly complex” pressures on its operations across the US, China and India.
Exclusive: Zopa poised for senior hiring spree to bolster top team ahead of IPO June 6, 2023 Fintech lender Zopa has appointed a former Deutsche Bank executive to its board in the first of a series of senior appointments designed to bolster its top team ahead of an IPO, City A.M. can reveal.
MPs call for dedicated ‘crypto tsar’ as parliamentary schism emerges June 5, 2023 A group of crypto-friendly MPs have called for the appointment of a dedicated “crypto tsar” to oversee plans to turn the UK into a digital asset hub today, as stark divisions emerge in parliament over the future direction and role of the country’s crypto industry. In a new report, the All Party Parliamentary Group on [...]
London based IQ Capital raises $400m to fuel ‘deep tech’ AI and robotics startups June 5, 2023 London-based venture investor IQ Capital has bagged $400m across two funds today as it looks to ramp up its investment in ‘deep tech’ start-ups across areas including artificial intelligence (AI) and robotics.
London SPAC looks to pounce on falling fintech valuations before float next week June 2, 2023 A special purpose acquisition company (SPAC) said it is looking to capitalise on a plunge in the valuations of fintech firms today as it prepares to begin trading on the main market of the London Stock Exchange next week.
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.