Klarna boss questions Apple competitive practices after buy-now pay-later move June 12, 2022 The boss of fintech giant Klarna has questioned the competitive practices of Apple after the tech behemoth announced it would push into the buy-now pay-later space this week.
Weekend read: The SPAC bubble is bursting, argues Syz Bank’s investment chief June 11, 2022 With monetary policies tightening, speculative bubbles are bursting one after the other. SPACs are no exception. As a reminder, a SPAC, or Special Purpose Acquisition Company, is a company with no operational activity – an empty shell – that raises funds on the stock market with the sole objective of making an acquisition or acquisitions. [...]
Another one: Zopa Bank enters buy-now pay-later space June 8, 2022 Digital bank Zopa has entered the highly competitive buy-now pay-later (BNPL) space, following suit of tech giant Apple and on the toes of the likes of Klarna.
Female founders face greater risk of equity dilution than men June 8, 2022 Female founders are significantly more vulnerable to the dilutive effects of equity funding than their male counterparts, according to new research from JP Morgan, which shows women, on average, give away much larger stakes in their businesses than men. The UK’s 10,647 female led businesses raised a record £5.05bn in equity investment in 2021, whilst [...]
Yes, people do want Apple’s ‘meat and potato upgrades,’ says analyst June 7, 2022 Apple rolled out a slew of features for payments and business collaboration yesterday. An analyst discusses the changes. Watch the full video report.
Open banking fintech Bud inks $80m funding round June 7, 2022 Open banking fintech firm Bud announced its $80m (£64m) Series B funding, led by Bellis Phantom Holdco, an indirect affiliate of investment funds managed by TDR Capital. The investment, which was also backed by existing investors including Outward VC, will be used to develop the firm’s models and allow for further international expansion. The open [...]
Exclusive: ‘Significant barriers’ for female progression in fintech, report warns June 6, 2022 A top fintech body has warned today that “significant barriers still exist” to female progression in the sector despite an improvement in gender representation in recent years.
London retains crown as Europe’s top city for foreign investment – but investment remains subdued May 31, 2022 London has retained its crown as Europe’s most attractive city for foreign investment despite a slower-than-expected recovery from a pandemic slump, fresh data has revealed.
Exclusive: London is the Silicon Valley of Europe, but ‘can not afford to sit on its tech laurels’ May 30, 2022 Forbes heralded London recently as the Silicon Valley of Europe as the capital proved to be “Brexit-proof” with around 18,500 new startups registering in 2021 alone. Although hybrid working has been adopted by many companies, London remains a place where giants such as Google, with its King’s Cross ‘landscraper’, nestle with newer companies such as fintech boomer Revolut, [...]
Trustly snaps up Ecospend in UK open banking push May 29, 2022 Swedish open banking firm Trustly has snapped up British rival Ecospend this week as it looks to ramp up its presence in the UK.