Funding Circle offloads US business for £33m in bid to stem losses June 25, 2024 Small business lender Funding Circle has struck a deal to sell its US arm to Florida-based iBusiness Funding for £33m as it looks to stem losses and boost its struggling share price.
Flock: London insurtech partners with FTSE 100 giant Admiral to expand offering June 25, 2024 Motor fleet insurtech Flock has partnered with industry giant Admiral's venture-building business to expand its product range and appeal to a broader customer base.
Klarna to exit checkout business after finding conflict of interest with rivals Adyen and Stripe June 24, 2024 Buy-now pay-later giant Klarna is set to exit its checkout business after finding that the division created a conflict of interest with fintech peers like Adyen and Stripe.
Starling Bank cracks down on debtors as regulator probes financial crime controls June 19, 2024 Starling Bank has taken legal action against two dozen bad debtors as it grapples with rising defaults and a City watchdog probe into its financial crime controls.
Buy-now pay-later firm Zilch raises £100m debt ahead of hotly-anticipated public listing June 19, 2024 London fintech Zilch has raised £100m in securitised debt financing in a deal arranged by Deutsche Bank ahead of a hotly-anticipated public listing.
Revolut adds ‘Revpoints’ and financial market trading tools in bid to become money super app June 18, 2024 Revolut announced two new products, focusing on travel discounts and bond trading, on Tuesday as the fintech looks to diversify its revenue streams and achieve superapp status.
Atom Bank notches first annual pretax profit after jump in mortgage lending June 18, 2024 Atom Bank has become the latest UK digital lender to swing to its first annual profit, with the group benefiting from higher interest rates and a jump in mortgage lending.
UK fintech job vacancies surge as investors flock back to London June 17, 2024 London is driving a surge in UK fintech recruitment this year, data shared exclusively with City A.M. shows, as start-ups push for rapid growth and enjoy green shoots in investment after a rough couple of years.
Zopa Bank targets current accounts and SME lending as London listing beckons June 15, 2024 Zopa Bank is set on stepping up its challenge to the likes of Starling, Monzo and Revolut, while expanding its suite of products ahead of a hotly-anticipated stock market float.
CAB Payments confirms new boss less than a year after disastrous London float June 14, 2024 CAB Payments has confirmed that veteran banker Neeraj Kapur has taken over as its new chief executive.