AI-powered regtech lands £2.1m to help banks dodge FCA fines November 13, 2025 An AI-powered regulation tech firm has landed £2.1m in funding to help banks avoid getting fines from the City watchdog. Adclear, which uses software to ensure lenders’ books are in order, has capped off a funding round which has included backing from Clearscore founder Dan Cobley and Coinbase’s UK managing director Keith Grose. With Adclear’s [...]
Asda: KKR and TDR commit £23m to credit card firm Jaja after warning November 11, 2025 The private equity backers of Jaja Finance have contributed another £23m in equity funding after the Asda credit card firm warned on its ability to continue as a going concern, City AM can reveal. A group of existing shareholders participated in the funding in October, Jaja said, and have also vowed to commit a further [...]
AI startups lead growth despite market jitters and IPO drought November 10, 2025 AI firms have driven a 44 per cent increase in the combined value of the world’s top 100 private tech firms, even as concerns grow that the AI boom could be overheating and Britain’s startups warn of a worsening funding climate. According to new data from PwC, the total valuation of the global top 100 [...]
UK fintech Wise profit falls amid shifting primary listing to US November 6, 2025 Money transfer firm Wise took a hit to profit in the first half of the year amid its move to shift its primary listing to New York. The fintech darling recorded a 13 per cent reduction in pre-tax profit at £254.6m despite soaring numbers in customers and volume. Marketing investment increased 59 per cent to [...]
AI-assisted shopping starts to go mainstream November 5, 2025 The promised AI revolution in shopping is starting to materialise, with shoppers increasingly trusting agents for personal recommendations ahead of the festive season. Traffic to retail sites from AI tools is expected to surge fivefold year-over-year, with particular boosts on Cyber Monday and Black Friday, according to Adobe. “Traditional models of how consumers react with [...]
Monzo names new chief as London becomes top IPO choice October 30, 2025 Digital banking giant Monzo has tapped an Astrazeneca board member as its new chief executive as the firm lays the ground for a blockbuster public listing. The London-based fintech is set to replace TS Anil, who has led the bank for the last five years, with Diana Layfield. Anil will step down as part of [...]
PayPal teams up with OpenAI to enable payments in ChatGPT October 29, 2025 PayPal has announced a deal with Sam Altman’s OpenAI to embed its digital wallet directly into ChatGPT, allowing its users to shop and pay for products through the AI platform starting in 2026. Under the agreement, PayPal’s global network will be linked to OpenAI, enabling millions of items to be purchased instantly within ChatGPT. This [...]
Britain is at risk of losing young founders to global rivals October 29, 2025 The UK is at risk of an exodus of entrepreneurial talent as young founders find themselves being lured away by global competitors. According to a new report from the Young Entrepreneurs Forum, Britain is losing its edge as a lucrative destination for young people to launch their startups, due to policymakers failing to address challenges [...]
Barclays snaps up US personal loans fintech for $800m October 28, 2025 Barclays is set to take control of a US personal loans fintech in a deal that the lending giant hopes will beef up its loans package for its investment bank clients. The FTSE 100 bank said it would use consumer loan platform Best Egg as an “origination engine” after snapping the firm up for $800m [...]
Rachel Reeves launches ‘Scale-up Unit’ in bid to woo fintechs October 24, 2025 Rachel Reeves will today launch the Treasury’s latest initiative to woo the UK fintech sector with the introduction of a “Scale-Up Unit”. In a visit to Leeds, the Chancellor will pledge to “super charge” UK innovation with the new body, which will be jointly led by the financing and banking watchdogs. The service will first [...]