Fintel pays Abrdn £14.6m for Threesixty amid acquisition spree July 3, 2024 SimplyBiz parent company Fintel has completed its purchase of Threesixty Services from asset manager Abrdn in the AIM-listed firm's latest acquisition.
Equals: Payments fintech notches jump in revenue ahead of potential takeover July 3, 2024 AIM-listed fintech Equals has notched a jump in revenue for the first half of 2024, helped by "strong growth" in its solutions platform, as it readies for a possible takeover offer.
Revolut keeps ‘open mind’ on possible IPO venue as it hints at listing plans July 2, 2024 The chair of Revolut has said the fintech would “keep an open mind” on a potential listing venue as its latest results hinted at plans for a much-anticipated IPO.
Revolut books record profit on higher interest rates and surge in users July 2, 2024 A major boost to Revolut's profitability would come from a UK banking licence, allowing it to offer products like mortgages and credit cards in its home market - where it recently hit nine million customers.
Currensea: Travel card fintech smashes crowdfunding target in just four hours July 1, 2024 London fintech Currensea has smashed its online crowdfunding target after just four hours as the travel debit card company looks to pounce on a rebound in demand for overseas holidays.
Truelayer: Fintech unicorn boss says ‘scale is everything’ as he takes on Visa and Mastercard June 30, 2024 The chief executive of fintech unicorn Truelayer has suggested bottom-line profitability and a potential IPO are some ways off as he focuses on scaling up to challenge Visa and Mastercard’s payments duopoly.
Bank of America backs London fintech Simply’s lending to small businesses June 28, 2024 Bank of America has thrown its weight behind London-based fintech Simply Asset Finance to support its lending to small businesses.
UK payment firms warn new fraud refund rules could ‘freeze’ systems in October June 26, 2024 The UK’s payments watchdog is under growing pressure from the firms it regulates to rethink new fraud refund rules that industry chiefs say could wreak havoc for both companies and consumers.
Fintechs set for ‘substantial uptick’ in stock market listings as UK investment rebounds June 26, 2024 The fintech market is primed for a “substantial uptick” in IPO activity, according to Boston Consulting Group, as investor sentiment around UK start-ups rebounds after a bruising 2023.
City boss: Labour backs fintech, but must urge pension funds to invest more in Britain June 25, 2024 Labour are backing the UK fintech industry but could turbocharge the sector by pushing pension funds to invest in Britain, Tim Levene said.