Wise shares boosted by Standard Chartered FX deal November 5, 2024 Wise has struck a deal with Standard Chartered for the lender to use its foreign exchange infrastructure for multi-currency money transfers in Asia and the Middle East. The partnership will see the emerging markets-focused bank integrate Wise’s tech to offer money transfers in 21 currencies. Wise’s share price rose 8.5 per cent in London on [...]
US fintech giant Affirm muscles into UK’s buy-now pay-later market November 4, 2024 US fintech giant Affirm has launched a UK buy-now pay-later (BNPL) offering as it looks to grab a slice of the fast-growing market in a challenge to the likes of Klarna, Clearpay and Zilch.
Autumn Budget 2024: Leading tech founders slam tax increases October 30, 2024 British tech founders have slammed rises in capital gains tax (CGT) and national insurance contributions (NICs) confirmed by Chancellor Rachel Reeves in Wednesday’s Budget. The government has increased the lower rate of CGT from 10 to 18 per cent, and the higher rate from 20 to 24 per cent. It also hiked employers’ NICs by [...]
Bank of London: Peter Mandelson and Harvey Schwartz exit troubled fintech October 30, 2024 The Bank of London has announced the exit of Labour grandee Peter Mandelson and ex-Goldman Sachs executive Harvey Schwartz from its board in the latest shake-up at the troubled fintech unicorn.
CAB Payments engages with US firm on possible takeover offer October 30, 2024 Fintech CAB Payments has said it is engaging in discussions with US payments firm StoneX about a possible takeover offer after its disastrous London float last summer.
Chrysalis raises Klarna valuation ahead of fintech’s planned IPO October 28, 2024 Chrysalis raised the valuation it assigns to its stake in Klarna as the buy-now pay-later (BNPL) giant gears up for a hotly-ancitipated IPO next year.
US investor revives controversial Revolut share offer after FCA setback October 28, 2024 A US private equity firm is pressing on with a controversial effort to grow its stake in Revolut at a heavy discount, City AM can reveal, after its previous offer was scuppered by the City regulator.
Plus500: Expansion plans pay off as revenue jumps October 28, 2024 Fintech firm Plus500 said its expansion plans were paying off after reporting an increase in client numbers and higher revenue.
Revolut: US investor tried to scoop up cheap shares with Budget tax warning October 27, 2024 A US private equity firm tried to leverage fears of a capital gains tax raid in the Budget as it sought to grow its Revolut stake at a heavy discount, City AM can reveal, in a move foiled by the City regulator.
Pensionbee maintains positive earnings as fintech raises cash for US growth October 24, 2024 PensionBee sustained positive adjusted earnings last quarter while the online retirement savings provider raised £20m for US expansion.