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.
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.