Revolut to boost staff by 40 per cent this year amid rapid expansion April 24, 2024 Revolut expects to grow its global headcount by around 40 per cent in 2024 as the fintech pushes for rapid expansion and bucks a recent trend of layoffs among major financial and tech firms.
Revolut plans advertising partnerships as it seeks new revenue streams April 23, 2024 Revolut is planning to monetise customer data through advertising partnerships as the firm looks to diversify revenue streams on its path to more sustainable profitability.
Allica Bank: Fintech darling reports first annual profit as loan book swells to £2bn April 22, 2024 Allica Bank has reported its first annual profit since launching in 2020, with its revenue more than doubling on the back of bumper lending growth, a surge in deposits and a boost from higher interest rates.
Equals: Payments fintech extends deadline for merger talks with MDP, Railsr and TowerBrook April 17, 2024 Equals has again extended a deadline for formal takeover offers as the fintech payments group conducts a strategic review into its standalone prospects.
Labour must fund regulators or UK fintech could ‘falter’, Tony Blair’s think tank warns April 17, 2024 A potential future Labour government must pump more cash into financial regulators or else the UK's fintech sector could decline, Tony Blair’s think tank has warned.
Exclusive: Laybuy up for sale after turbulent time on public markets April 16, 2024 Buy-now pay-later firm Laybuy has put itself up for sale and is hunting for potential buyers following a turbulent few years on the public markets, City A.M. can reveal.
Equals: Payments fintech doubles annual profit and eyes up further growth with M&A April 16, 2024 Payments fintech group Equals has more than doubled its annual profit on the back of rapid growth and international expansion.
Plus500 expects to outperform market expectations after strong start to 2024 April 16, 2024 The London-Israeli firm saw a 13 per cent jump in new customers compared to the same quarter last year, although the number of active customers dipped two per cent.
Revolut UK chief: New York threatening London’s ‘supremacy’ in fintech April 15, 2024 London is at risk of losing its fintech “supremacy” to New York, the UK boss of Revolut has said, as the city boasts a plethora of top talent and the depth of its capital markets will tempt companies looking to IPO.
Fintech boards lack AI skills needed to drive future growth, survey finds April 15, 2024 Company boards of the UK’s top fintechs lack the necessary skills and experience in artificial intelligence, a new survey has suggested, which could hold back future growth for these firms.