‘Bond market tantrum risks’: Gilt traders brace for Labour leftward pivot as Starmer future uncertain
Shares in fintech Fiinu fall over 60 per cent as banking licence slips out of reach July 12, 2023 The survival of fintech firm Fiinu was left hanging by a thread on Wednesday after it confirmed that it had not secured enough funding to resubmit its application for a banking licence. Shares in the AIM-listed digital lender, which offers short-term credit to customers, were trading 66 per cent lower after it updated the market [...]
UK fintech funding tumbles as interest rates dampen investors’ appetite July 10, 2023 Funding for the UK’s fintech sector cratered in the first half of the year as further interest rate hikes and economic volatility continue to weigh on investors’ appetite for the market, according to new data.
Augmentum: London-listed fintech fund rides out volatility as portfolio edges upward July 4, 2023 Listed fintech fund Augmentum reported a bump in the value of its portfolio today as it shrugged off the volatility that has hammered tech and fintech firms globally over the past year.
London fintech Upp. pockets $10m as it eyes global expansion June 27, 2023 London-based fintech Upp. has secured $10m (£7.8m) in seed funding as its artificial intelligence and machine learning model wins over investors. The startup, which uses AI to automate online retail, has garnered support in a funding round spearheaded by Californian venture capital firm Bonfire Ventures. Mark Mullen, co-founder of Bonfire Ventures, said Upp. is “the [...]
The Notebook: Olle Lundin on revolutionising banking, reshaping the fintech landscape and expanding into the UK June 21, 2023 The notebook is written by Olle Lundin, co-founder and CEO of Swedish fintech Froda, which is launching in London As I stand here today, on the brink of Froda’s expansion into the UK market, I can’t help but feel both excited and nostalgic. You see, long before co-founding Froda and embarking on this incredible fintech [...]
Safety tech firms get £350k boost to tackle ‘plague’ of online child abuse June 15, 2023 Safety tech firms are set to receive a £350,000 investment to help tackle the “plague” of online child abuse. Researchers have revealed UK firms boast a 25 per cent market share of the global safety tech sector, as three UK start-ups win government cash to rocket power their innovation. Tech minister Paul Scully said: “The [...]
Oaknorth founder Rishi Khosla: Tall poppy syndrome, Tory rhetoric and why the UK is losing its lustre for fintech June 15, 2023 Rishi Khosla, chief of OakNorth, says the UK needs to celebrate the success of its fintech entrepreneurs
Ex-Barclays boss: Banks must adapt or face ‘slow decline’ under pressure from tech firms June 12, 2023 Ex-Barclays boss Antony Jenkins has warned established banks that they could be in a “world of very slow decline” if they failed to adapt to new technologies. Speaking to City A.M., Jenkins said “this industry is really on the brink of having to undergo radical transformation if it’s going to remain relevant to its customers.” [...]
Vestager: AI law on the way – but it might take a year April 30, 2023 The European Union is likely to reach a political agreement this year that will pave the way for the world’s first major artificial intelligence (AI) law, the bloc’s tech regulation chief Margrethe Vestager said on Sunday. This follows a preliminary deal reached on Thursday by members of the European Parliament to push through the draft of the [...]
Fintech Plus500 sees earnings double as London listed firm pushes on with US expansion April 19, 2023 Fintech firm Plus500 reported a surge in revenues to start the year today as it continued to push into the US and boost the amount of retail traders on its platform.