One of the UK’s fastest growing fintechs says it will outpace Starling soon December 4, 2023 Some 10 months into the launch of digital bank Kroo, the founder reckons it will achieve profitability twice the speed of Starling Bank.
Zopa and Tide given valuation boost by investor Augmentum November 28, 2023 Listed fintech fund Augmentum has bumped up the valuation of its portfolio this year in a sign that values are beginning to stabilise after a sharp slump over the past two years.
Many fintech lenders are ‘uneconomical’ report finds November 21, 2023 Winyield said that less than ten per cent of the fintech lenders it interviewed had staff with "previous relevant credit experience."
Deloitte reveals the UK and London’s fastest growing tech companies November 17, 2023 London-based Allica Bank has topped Deloitte’s annual ranking of the UK’s 50 fastest growing technology companies. The top three — Allica Bank, Yoto and Hypervolt — all come from different sectors this year, including fintech, software and environmental tech. Together, the Fast 50 winners have an average four-year growth rate of 5,473%, possess total revenues [...]
FCA rebukes Paypal over ‘unfair’ BNPL terms as sector braces for clampdown October 31, 2023 The Financial Conduct Authority said it has forced a number of buy-now-pay-later firms to change “potentially unfair and unclear” terms in their contracts today as it tightens the screws on firms before formally bringing the sector within its remit.
London races ahead of San Francisco on fintech as chiefs rally behind reform October 2, 2023 London tech chiefs have called on the government to push ahead with reforms today after a new survey showed that London has climbed above San Francisco as a global hub for fintech for the first time.
Fintechs back digital pound arguing it will boost innovation and competition October 1, 2023 Fintechs are excited by the potential of a so-called digital pound arguing it will help spur innovation in the UK and create a more competitive payments environment.
Fintech platform Apron raises £12.2m in latest funding round September 28, 2023 Fintech firm Apron, a payments and accounting platform for small businesses, has raised $15m (£12.2m) in its latest funding round.
It’s not all doom and gloom, says London fintech chief citing ‘shoots of positivity’ September 27, 2023 London’s fintech sector is showing “shoots of positivity”, an industry chief said today as they sought to challenge the doom and gloom narrative surrounding the business environment in the City. Despite the loss of some major floats, the chief executive of Innovate Finance (IF), the industry body representing the UK’s fintech sector, said she was [...]
JP Morgan unit opens short bet against CAB Payments months after bank worked on IPO September 18, 2023 JP Morgan’s asset management arm has taken out a bet against CAB Payments just two months after the firm floated to great fanfare in the capital.