GoCardless: Fintech ‘open-minded’ on further acquisitions as it eyes profitability in 2025 Fintech London-based payments fintech GoCardless is weighing up further acquisitions in the open banking space as it looks to rebound from a challenging 2023 and achieve profitability next year.
Zilch doubles down on AI for buy-now pay-later domination ahead of planned IPO next year Fintech London fintech Zilch is ramping up its use of artificial intelligence to boost competition with rival buy-now pay-later (BNPL) providers like Klarna and help it achieve profitability ahead of a planned IPO next year.
Square Mile and Me: Samantha Seaton on her career from equestrian athlete to Moneyhub CEO square mile and me Moneyhub boss Samantha Seaton tells us how she went from Olympian hopeful to fintech CEO (as well as the benefits of nudist beaches).
Meet Volt, the London fintech taking on Visa and Mastercard’s duopoly April 29, 2024 For six decades, the global payments industry has been dominated by Visa and Mastercard. In the UK, the two firms had 99 per cent market share of UK debit and credit card payments in 2021.
Revolut to boost staff by 40 per cent this year amid rapid expansion April 24, 2024 Revolut expects to grow its global headcount by around 40 per cent in 2024 as the fintech pushes for rapid expansion and bucks a recent trend of layoffs among major financial and tech firms.
Allica Bank: Fintech darling reports first annual profit as loan book swells to £2bn April 22, 2024 Allica Bank has reported its first annual profit since launching in 2020, with its revenue more than doubling on the back of bumper lending growth, a surge in deposits and a boost from higher interest rates.
Labour must fund regulators or UK fintech could ‘falter’, Tony Blair’s think tank warns April 17, 2024 A potential future Labour government must pump more cash into financial regulators or else the UK's fintech sector could decline, Tony Blair’s think tank has warned.
Equals: Payments fintech doubles annual profit and eyes up further growth with M&A April 16, 2024 Payments fintech group Equals has more than doubled its annual profit on the back of rapid growth and international expansion.
Revolut UK chief: New York threatening London’s ‘supremacy’ in fintech April 15, 2024 London is at risk of losing its fintech “supremacy” to New York, the UK boss of Revolut has said, as the city boasts a plethora of top talent and the depth of its capital markets will tempt companies looking to IPO.
Fintech boards lack AI skills needed to drive future growth, survey finds April 15, 2024 Company boards of the UK’s top fintechs lack the necessary skills and experience in artificial intelligence, a new survey has suggested, which could hold back future growth for these firms.