Treasury-backed fintech body calls in open banking chief as chair November 8, 2022 A government-backed body set up to boost the country’s fintech sector has appointed industry grandee Charlotte Crosswell as its chair today, as it readies to start operations following a £5.5m Treasury funding commitment last year.
Zilch eyes push into BNPL bills as it passes three million customers November 2, 2022 Buy-now pay-later firm Zilch said it was eyeing a push into bill and rental payments today as it sailed past the three million user mark and announced it had hit gross profits for the first time.
Exclusive: Female founders dominate cohort of fast-growing start-ups November 2, 2022 Fifty of the UK’s fastest growing start-up firms are set to join a tech accelerator that has helped launched the likes of Wise and Skyscanner - with nearly half of the new cohort founded by women.
UK startups bag £4.2bn as VCs shrug off recessionary fears November 1, 2022 Venture capital investors in the UK and Ireland shrugged off recessionary fears in the third quarter of the year as they pumped £4.2bn into start-up firms, new research has revealed.
Revolut chief Nikolay Storonsky renounces Russian citizenship October 30, 2022 The head of London fintech giant Revolut has renounced his Russian citizenship amid the Ukrainian government’s decision to sanction his Ukrainian born father over his position at Gazprom’s research arm. Revolut co-founder Nikolay Storonsky Jr previously held both British and Russian passports, but renounced his Russian citizenship in response to the country’s invasion of Ukraine, [...]
Funding struggles see UK’s small firms resort to personal loans for financing October 24, 2022 UK small business owners are increasingly taking out personal loans to fund their firms due to the troubles they face in securing external capital. More than half (55 per cent) of UK small and medium-sized enterprise (SME) owners have taken out a personal loan to fund their business, research by tech firm Codat shows. The [...]
Moneyhub eyes London IPO after £35m cash injection October 24, 2022 Fintech firm Moneyhub said it was eyeing up a London listing today as it bagged £35m in fresh funding from investors including Legal & General and Lloyds Banking Group.
Nigerian mobility fintech Moove raises £15m to ramp up UK operations October 19, 2022 Nigerian mobility fintech Moove has raised £15m from asset manager Emso to ramp up operations in the UK. Moove said the financing will help it provide 10,000 electric vehicles to Uber’s fleet as part of its UK launch. This will enable Moove to become Uber’s largest EV provider as the ride hailing giant aims to [...]
Kids’ finance app GoHenry bags £50m cash injection October 13, 2022 Kids’ finance app GoHenry revealed it had bagged $55m in fresh funding today as it looks to fuel its expansion across Europe.
Tax credit experts Adsum: Firms can’t wait for Truss to solve problems – pursuing digital transformation is key October 7, 2022 With Liz Truss’ government looking to kickstart the economy through low taxes and deregulation, City A.M. sat down with the head of a fintech tax credit specialist, to find out how businesses can overcome challenges. Co-Founder and Director at Adsum, Freddie Digby, spoke at length about the challenges facing UK businesses at present, and while [...]