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.
Philip Hammond: Former chancellor’s Railsr and Towerbrook raise offer for Equals Group July 10, 2024 Equals has extended the deadline, which has already been extended multiple times, to 7 August 2024 to give more time for considering the offer and completing the checks.
Labour pledges to ’embrace’ fintech in bid to deliver £330bn boost July 10, 2024 Rachel Reeves' Treasury has pledged to "embrace" the fintech sector today after a trade body said the industry could bolster the government's coffers to the tune of £330bn over the next five years.
Nala: London fintech raises £31m for expansion beyond Africa July 9, 2024 London-based money transfer firm Nala has raised $40m (£31.2m) in funding to support its global expansion and enhance the reliability of payments to Africa.
Fintech Argentex sees ‘encouraging’ trading environment as strategy shift continues July 9, 2024 In a trading update covering the first half of the year, Argentex said that it expects to report revenue of around £23.9m for the first half.
Plus500 on track despite distracted Euro 2024 traders slowing activity July 8, 2024 Retail trading platform Plus500 has weathered the Euros storm and expects to deliver results in line with markets expectations.
UK payment firms urge next government to make tech giants refund fraud victims July 4, 2024 The UK payments industry has issued an election-day plea for the next government to make tech giants liable for the reimbursement of fraud victims, in a bid to alter new rules placing the burden on the financial sector.
Why London shouldn’t chase Silicon Valley in the global tech race: James Wise July 4, 2024 Every week, Charlie Conchie sits down with the biggest names in financial services, tech and fintech. This week, its venture capital investor and author James Wise.