Claro Money tells customers to withdraw cash after suspending flagship app July 22, 2022 Financial planning company Claro Money has told customers to withdraw their money from its platform after announcing the suspension of its flagship app. In a letter to customers, Claro chief executive Rob Brockington set out plans to “refocus” the financial advice firm’s efforts, with a view to delivering in-person financial planning courses. The company chief [...]
Trading platform IG notches record revenues as US arm booms July 21, 2022 Online trading platform IG reported record profits and revenues today after booming growth in its US division Tastytrade.
PensionBee eyes profits next year after boom in customers July 21, 2022 Pensions fintech PensionBee said it was on track to hit profitability by the end of 2023 today as it revealed it had boosted its invested customer base by 72 per cent on last year.
Starling Bank hits first full year profits at £32m July 21, 2022 Starling Bank revealed it has hit its first full year profits today as the digital lender swings into the black from a £30m loss last year.
Venture capital ‘rock bottom’ is yet to be fully felt, KPMG exec warns July 21, 2022 The 'rock bottom' of a venture capital downturn is yet to be fully felt this year as deals struck in the first quarter unrealistically buoy investment figures, a KPMG venture chief warned today.
Funding platforms hail Austin Review potential ‘watershed moment’ for retail investors July 20, 2022 Investment platforms have hailed the Austin Review a potential “watershed” moment for retail investors today as ministers and regulators look set to widen access to the UK’s capital markets.
Paypoint posts jump in revenues to £29.9m in first quarter July 20, 2022 PayPoint boss Nick Wiles said the firm was building on “strong momentum” today as the payments firm reported a jump in revenues to £29.9m for the first quarter.
Wise reports jump in revenues as transactions hit £24.4bn July 19, 2022 UK fintech firm Wise said revenues had jumped to £185.9m in the first quarter of the year after a surge in transactions on its platform in the three months to June.
Exclusive: UK fintech funding bucks global slowdown to hit £7.6bn July 19, 2022 Investment into the UK’s fintech sector has jumped ahead of 2021 levels this year despite recessionary fears beginning to drag on funding in the second quarter, new figures have revealed.
Atom Bank set for first year of profit after three quarters in the black July 18, 2022 Digital lender Atom Bank is on track to post its first full year of profits after revealing today it had spent three quarters in the black in the full year to March. The Durham-based bank, founded by chief executive Mark Mullen in 2014, notched underlying pre-tax losses for the year of £2m, a £34m improvement [...]