Asda credit card firm Jaja Finance warns of ‘material uncertainty’ over going concern status October 7, 2025 The firm behind the Asda credit card has warned of “material uncertainty” over its ability to continue as a going concern after reporting widening losses, City AM can reveal. Jaja Finance, a fintech co-owned by billionaire Mohsin Issa and private equity firm TDR Capital, said it had “substantially advanced” but not yet completed a new [...]
Thought Machine lands £45m funding round after losses widen October 2, 2025 Thought Machine has sealed a £45m funding round after the London fintech reported widening losses. The funding was secured in July, according to fresh Companies House filings seen by City AM, but the firm had not previously disclosed the investment. Thought Machine said it obtained the cash from its existing investor base. “The funding supplements [...]
Andrew Bailey’s stablecoin U-turn hailed as ‘positive step’ October 1, 2025 Andrew Bailey has issued a major climb down on stablecoins after previously being accused of “killing” the country’s ambitions with “prescriptive” views. The Bank of England governor – who has been branded a “dinosaur” by Reform’s Nigel Farage for archaic views on crypto assets – has now said the UK should “reap the benefits” of [...]
‘It’s risky to be in the UK’ – Cleo founder on unicorn status and City regulation September 30, 2025 Nine years ago entrepreneur Matt Clifford took a data scientist to a “terrible pub” to convince him to drop his PhD and create his own start-up. “You may as well just take the risk, the biggest risk is not taking the risk,” Clifford told a young Barney Hussey-Yeo. Almost a decade later in 2025, Hussey-Yeo [...]
London must protect our fintech lead or be left behind September 29, 2025 The UK is moving too slowly in emerging areas like stablecoins, purring London’s world-leading fintech sector at risk, says Janine Hirt London has long been a global leader in fintech, a position built on a history of innovation and a welcoming environment for startups. This success was fuelled by a pro-growth approach to policy and [...]
Revolut considers $75bn dual listing in London and New York September 28, 2025 Fintech juggernaut Revolut is weighing up a dual listing in New York and London for its share sale, in a move that would provide the City with a major boost after a sluggish IPO period. Revolut considering London as a destination for a listing worth at least $75bn (£55.96bn) would appear to demonstrate a change [...]
Checkout.com valuation slides to $12bn as it unveils employee share buyback September 26, 2025 Checkout.com said its valuation has hit $12bn (£9bn) as the London fintech reported a surge in growth and unveiled an employee share buyback. The valuation is a boost on the reported $9.4bn it had been valued at in 2023 but remains well down on the $40bn figure it attracted in a funding round in 2022. [...]
UK fintechs send rallying cry as industry slips in global ranking September 25, 2025 UK fintech leaders have sent a rallying call to policymakers after the sector slipped in global rankings. A host of industry bigwigs have told City AM the government must be bolder in growth-orientated reforms to bolster the sector’s standing against rivals. It comes after Z/Yen’s 38th Global Financial Centres Index showed the UK’s fintech sector [...]
London hot on New York’s heels as financial centre race ramps up September 25, 2025 London is now within a whisker of ousting New York as the world’s leading financial hub, fresh rankings reveal, but risks remain over the capital’s fintech prospects. The City was chomping at the heels of the Big Apple with just a singular rating point between the two. New York once more topped the rankings in [...]
Stalling Starling revs up Engine in rebrand September 24, 2025 Veteran of the UK fintech industry Starling has overhauled its brand with a fresh colour palette, a new slogan and even a new name. The digital lender announced last week it would drop the word “Bank” from its banking arm’s name in a move analysts have described as a “significant” step in its evolution. The [...]