Clearbank, Allica, Atom: The fast-growing future of UK fintech April 19, 2025 Fintech has planted its flag firmly in the Square Mile. Industry giants Monzo and Starling have become household names, helping London to established itself as a leading global fintech hub. KPMG’s bi-annual fintech report showed UK fintech investment was at £7.9bn last year. And now young firms are growing faster than ever, promising to send a [...]
The UK’s fastest growing fintech Allica Bank delivers another record year April 16, 2025 Allica Bank, the UK’s fastest growing fintch, nearly doubled its profit in the last year after another period of rapid growth. The digital bank, which caters towards small and medium-sized enterprises (SMEs), increased pre-tax profits 86 per cent to £29.9m. Lending activity grew over £1bn in 2024 and revenue shot up 68 per cent to [...]
UK surges ahead of France and Germany as Europe’s ‘innovation powerhouse’ April 14, 2025 HSBC Innovation Banking, a subsidiary of Europe’s biggest lender, hailed the UK’s enterprise value in its latest innovation report. UK innovation firms raised £3.2bn of venture capital in the first three months of the year – an eight per cent increase from the first quarter of 2024. The quarter attracted higher amounts of funding, with [...]
UK fintech Clearbank bolsters fee income amidst European expansion April 7, 2025 London-based fintech Clearbank announced full-year results for the first time at group level following the business’ expansion across Europe. The firm, which is an enabler of real-time clearing and embedded banking, reported a 63 per cent increase to £53.3m in its fee-based income. Total deposits managed by the fintech reached £10.8bn – up 77 per [...]
Monzo, Starling, Zilch: The fintech IPOs that could boost London March 30, 2025 London markets have suffered a torrid couple of years, but could fintech help turn the tide? Swedish fintech Klarna marked the latest snub to the City after it announced it was pursuing a US-listing despite hopes the firm would float in London. This followed 88 companies leaving the London Stock Exchange (LSE) last year, including [...]
Will London take New York’s fintech crown? March 21, 2025 According to Z/Yen’s 37th Global Financial Centres Index (GFCI 37), the Square Mile is snapping at the heels of the Big Apple.
Fintech unicorn council joins Revolut and Zilch bosses for Treasury meeting March 18, 2025 Britain’s top fintech officials met Rachel Reeves on Tuesday morning in the Chancellor’s latest financial summit to boost economic growth. The co-chairs of Innovate Finance’s Unicorn Council for UK Fintech joined leading executives at the Treasury’s meeting, City AM has learned. The council, which launched in March 2024, aims to provide the government with policy [...]
British fintech unicorn OakNorth acquires US community bank March 17, 2025 OakNorth, the British digital banking unicorn, has acquired a US community bank as it eyes overseas expansion. The firm announced on Monday it had agreed on a stock-for-stock transaction for Michigan-based Community Unity Bank (CUB). The acquisition is subject to regulatory approval and follows the Federal Reserve and New York State Department of Financial Services [...]
HSBC Innovation Banking bets £30m on fintech Clearscore February 25, 2025 HSBC Innovation Banking has backed global fintech Clearscore lending £30m in debt financing. After first partnering in 2017, the fintech said the continued support of the bank will help drive further business growth across domestic and international markets. Clearscore credited the lender for its “vital role in its global expansion” with the financial marketplace now [...]
UK fintech investment hits four-year low February 18, 2025 Fintech investment in the UK had another sluggish year with new data showing it sunk to a four-year low in 2024. KPMG’s bi-annual fintech report showed UK fintech investment fell by 27 per cent to £7.9bn last year, down from £10.1bn in 2023. Despite this, the UK managed to scoop up more funding than France, [...]