Griffin: UK’s newest bank lands £19m funding round as it looks to scale March 11, 2024 Griffin, the UK’s newest fully operational bank, has secured a $24m (£19m) funding round as it looks to take on new customers for its Banking as a Service (BaaS) platform.
London fintech Flagstone notches £108m US private equity funding as it eyes international expansion March 11, 2024 UK fintech savings platform Flagstone has landed £108m funding from US private equity firm Estancia Capital Partners as it looks to tackle savings inertia and ramp up international expansion.
Tech is in turmoil – but there is an upside March 6, 2024 There’s no need to panic about cutbacks and uncertainty around AI, capitalism is all about change and innovation, says Paul Ormerod The Greek god Chronos, known as Saturn to the Romans, was notorious for eating his own children. Something similar seems to be going on within the tech industry. Tech giants such as Google, Microsoft [...]
Santander-backed Ebury reportedly looking at £2bn valuation in London listing March 5, 2024 Cross-border payments platform Ebury, backed by Spanish banking giant Santander, has reportedly held talks with banks as it pursues a London listing at a valuation of up to £2bn.
Monzo hits $5bn valuation with new funding round led by Alphabet’s CapitalG March 5, 2024 Monzo has secured a new $430m funding round led by Alphabet-owned fund CapitalG valuing the digital challenger bank at $5bn.
Dame Jayne-Anne Gadhia on open banking, account closures and sexism in the City March 4, 2024 Former Virgin Money CEO and Snoop founder Dame Jayne-Anne Gadhia speaks to City A.M. about the open banking revolution, "debanking" and sexism in the City.
Top fintech CEOs form body to unlock growth and shape policy March 4, 2024 The bosses of Monzo, Revolut, Gohenry and Clearscore are among some of the big names to join a body of fintech unicorns promising to “unlock growth in the fintech sector”.
Ex-Chancellor Philip Hammond appointed as chair of fintech Railsr February 29, 2024 Former Chancellor Philip Hammond has been appointed as the chair of Railsr, a year after the embedded banking platform was rescued from collapse.
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.