Monzo boss aims to grow bank ‘several times’ bigger ahead of expected listing June 3, 2024 The chief executive of Monzo has said it is still "too early" to talk about the digital bank's IPO ambitions as he focuses on growing the business "several times" bigger and expanding overseas.
Monzo posts first annual profit as digital bank targets European expansion June 3, 2024 Monzo has reported its first annual profit since it launched in 2015, with the digital challenger bank enjoying record growth and unveiling plans to expand into Europe.
Iwoca mulls bigger loans and international expansion amid surge in demand June 3, 2024 Online credit provider Iwoca is looking at raising the size of its loans and expanding into a new country on the back of a surge in demand for small business funding from alternative lenders.
London fintech Curve to launch Apple Pay rival that could save banks ‘millions’ May 30, 2024 Currently, banks and financial institutions incur significant fees for transactions processed through Apple Pay.
Software Circle snaps up tech firm Be The Brand Experience in £3.5m deal May 30, 2024 Software Circle, a London-listed technology company with a reputation for snapping up smaller firms, has added digital assets manager Be The Brand Experience to its growing list of acquisitions.
London retains title as tech capital of the world as Oxford and Cambridge close in on New York May 30, 2024 A closely-watched league table has once again named London the tech capital of the world, while Oxford and Cambridge are closing in on New York.
Funding Circle: Fintech to cut 120 jobs as finance chief steps down May 29, 2024 Small business lender Funding Circle plans to cut around 120 jobs as part of efforts to reduce costs and boost its flagging share price. It also announced the departure of its finance chief.
Oaknorth: London looking ‘less attractive’ than peers as listing destination May 29, 2024 The boss of Oaknorth has said London’s public markets are looking “less attractive” than their international peers in a signal of the bank's thinking as it plans for a potential IPO.
Why one US fintech boss reckons London is about to create ‘a lot of new winners’ May 28, 2024 The boss of a US fintech heavyweight has said London boasts more innovative firms than rivals across the pond, with a rebound in funding set to create "a lot of new winners" in the sector.
Starling investor eyes £10bn valuation for bank as tech business takes off May 27, 2024 One of Starling Bank's top investors has said the digital lender could reach a valuation of nearly £10bn within the next few years on the back of fees from its recently launched tech business.