Treasury meets Monzo and Revolut bosses amid plea for London listings May 13, 2025 The Treasury courted top UK fintech names including Monzo and Revolut on Tuesday in hopes of convincing the country’s most valuable unicorns into listing on the London Stock Exchange. Emma Reynolds, economic secretary to the Treasury, met with bosses from Monzo, Revolut, Clearscore and Oaknorth. Chief executive of the London Stock Exchange Dame Julia Hoggett [...]
Zilch: UK’s fastest-growing fintech unicorn balloons customer base May 12, 2025 UK fintech darling Zilch has revealed it has topped five million customers and exceeded £4bn in total sales to date for retailers. The firm, which uses buy now pay later (BNPL) services to split consumer purchases, has also confirmed its revenue hit £145m in revenue run rate on the back of its rapid rise since [...]
Revolut, Monzo and Wise: The UK fintechs slapped with the most complaints May 9, 2025 Fintechs may be giving banks a run for their money on innovation, but fresh data reveals they’re also competing on the unenviable field of complaints. New figures from the Financial Ombudsman Service (FOS) showed Monzo and Revolut topped the fintech industry for the most complaints. Both firms’ customer bases swelled to over 10m users in [...]
Rachel Reeves has promised UK fintech the world – now she must deliver May 4, 2025 Judgement day looms for Rachel Reeves, and UK fintech will be handing her the verdict. In a keynote speech at Innovate Finance’s 11th global summit, the Chancellor confirmed the Treasury’s inaugural Financial Services Growth and Competitiveness Strategy would be published on 15 July. Reeves has lauded the industry’s growth and touted the achievements of fintech [...]
UK fintech Revolut expands lifestyle reach with mobile plans April 30, 2025 Revolut is to offer mobile plans to customers as the UK fintech continues to diversify its product range. The Canary Wharf-based business is looking to enter the mobile market in the UK and Germany later this year before eying further market expansion. Revolut said its plans will include unlimited calls, texts and data at home, [...]
Reeves unveils new crypto rules as she promises to back UK fintech April 29, 2025 Chancellor Rachel Reeves pledged to back UK fintech as she unveiled new crypto rules during a landmark address to industry executives on Tuesday. Speaking at Innovate Finance’s 11th global fintech summit, Reeves pledged to support growth and consumers through new “clear” outlines for digital assets. The fresh crypto legislation follows on from the Treasury’s launch [...]
Inside the rapid rise of UK fintech April 27, 2025 There’s a rocket strapped to UK fintech, and it’s only speeding up. On 28 April, UK fintech week kicks off, with industry body Innovate Finance hosting its 11th global summit. This follows another record year for the industry, where businesses saw profits balloon and customer bases swell. Allica Bank – a London-based fintech – was [...]
Tandem Bank: ‘Greener’ UK fintech bolsters profit April 24, 2025 Digital bank Tandem reported its third year of profitability in the 2024 financial year. The fintech – which brands itself as “the UK’s greener digital bank” – recorded a 40 per cent jump in underlying profit to £24.1m. This was up from £17.2m in 2023. Tandem’s assets under management topped £1.5bn at the end of [...]
Revolut profit tops £1bn as UK fintech’s rapid growth continues April 24, 2025 Revolut more than doubled its profit before tax in the 2024 financial year, in what was a year of rapid growth for the UK fintech industry. The fintech darling boosted pre-tax profit growth of 149 per cent to £1bn, up from £438m in 2023. The British firm’s revenue surged 72 per cent to £3.1bn. As [...]
Shawbrook eyes £5bn Starling merger instead of IPO April 24, 2025 Shawbrook Group is weighing up a £5bn merger with fintech giant Starling, in a move that would be emblematic of a tougher outlook on stock market listings. The mid-cap lender has reached out to Starling in the last two months to initiate talks on a potential deal, as reported by Sky News. The proposal remains [...]