UK must embrace open finance to be a global fintech leader and boost IPOs, industry chief says February 29, 2024 Open finance is key to making the UK a global leader in fintech and unlocking more public listings, the boss of a government-backed industry hub has told City A.M., as the sector struggles to lure investors.
Klarna posts fifth straight annual loss as buy-now pay-later giant eyes up New York listing February 28, 2024 Buy-now pay-later giant Klarna has reported its fifth consecutive annual loss as the fintech gears up for a blockbuster IPO.
Enfuce: Finnish fintech secures UK e-money licence and appoints ex-Tide boss as chair February 27, 2024 Finnish card issuer and payment processor Enfuce has announced that it has secured an electronic money institution licence (EMI) from the Financial Conduct Authority, becoming the latest European fintech to eye up the UK market.
Plus500 plotting deals spree as it readies £138m payout to shareholders February 20, 2024 Retail trading platform Plus500 topped market expectations and announced plans to put $175m back in shareholders pockets today despite a squeeze on revenues and profits over the past year.
Pockit: Fintech boss on ‘debanking’ and plans to fill gap left by Amigo and Wonga February 19, 2024 While the term “debanking” has become a staple since last summer, the issue of financial inclusion has been a priority for Virraj Jatania for years.
Fintech Checkout racks up £100m losses after creating 300 jobs February 15, 2024 Checkout.com, one of the most valuable fintechs in Europe, haw seen its losses widen by over 400 per cent to more than £100m, it has been revealed.
The UK currently wears the fintech crown – but complacency will quickly lose it February 12, 2024 The UK's fintech scene is thriving now, but that doesn't mean we can afford to rest on our laurels, writes Kelly Devine.
Fintech investment in crisis but London remains ‘European capital’ February 6, 2024 UK fintech investment dropped by $12.3bn (£9.8bn) last year, falling 34 per cent, but the country remained the lead investor in Europe. Fintech investing across the Europe, Middle East and Asia region halved last year, falling from $49.6bn in 2022 to just $24.5bn, its lowest level in seven years, data from KPMG revealed. John Hallsworth, [...]
Bunq mulls London IPO as European neobank plots Monzo and Revolut UK challenge January 30, 2024 European fintech and neobank Bunq has applied for a UK electronic money institution (EMI) licence as it looks to capture market share from the likes of Revolut and Monzo ahead of a potential IPO.
Climate tech and AI set to drive rebound in UK venture capital investment January 10, 2024 UK venture capital investment is set to recover in 2024, according to HSBC, after turning a corner in the second half of last year thanks to a boom in early-stage investing.