Revolut’s long wait for a banking licence finally comes to an end July 25, 2024 After more than three years, Revolut’s wait for a banking licence is finally over after it received authorisation from the banking watchdog.
Revolut and CMC Markets partnership up and running July 25, 2024 The partnership between CMC Markets and Revolut had already kicked off, with reports that some Revolut clients are already live and trading.
CAB Payments attempts to move on from challenging year despite lack of ‘tailwinds’ from Nigerian Naira July 25, 2024 CAB Payments reported a “resilient” performance in the first half of the financial year as it attempts to move on from a difficult year. In a trading update covering the six months to June, the payments firm reported that gross income was down 22 per cent on last year, falling to £56m from £72m previously. [...]
Santander-backed fintech Ebury line ups Goldman for multi-billion pound London float July 22, 2024 Cross-border payments platform Ebury has appointed Goldman Sachs to lead a £2bn fintech float on the London Stock Exchange.
Pensionbee seeks to break into largest defined contribution pension market with US launch July 18, 2024 The US defined contribution market represents around 80 per cent of the global total and is worth $22.5trn in assets.
Klarna in discussions with big US banks on potential New York IPO July 17, 2024 Klarna has approached a number of top Wall Street banks about a possible New York listing which could come as soon the first half of next year, according to reports.
13books Capital raises £121m for fintech venture capital fund July 17, 2024 13books Capital focuses on early-stage fintech companies catering to the increasing digitisation of the financial services industry.
Wise books another quarter of strong growth as firm rolls out new partnership in Brazil July 16, 2024 Overall, the group said underlying income for the three-month period grew 22 per cent year-on-year to £325.4m. Deposit balances expanded 23 per cent year-on-year, while "card and other revenue growth" came in at 55 per cent.
Starling founder Anne Boden swaps bank for new AI venture July 14, 2024 Anne Boden stepped down from the board of Starling Bank in June but retains a stake understood to be just below five per cent.
UK sweeps a third of European tech funding in 2024 as London and Cambridge boom July 11, 2024 UK firms have received nearly a third of European venture capital tech funding so far this year, new data shows, as investors flock back to London and Cambridge bolsters its credentials as an international hub.