Rachel Reeves launches ‘Scale-up Unit’ in bid to woo fintechs October 24, 2025 Rachel Reeves will today launch the Treasury’s latest initiative to woo the UK fintech sector with the introduction of a “Scale-Up Unit”. In a visit to Leeds, the Chancellor will pledge to “super charge” UK innovation with the new body, which will be jointly led by the financing and banking watchdogs. The service will first [...]
Waymo founder: ‘I never envisioned a London rollout’ October 22, 2025 As Waymo prepares for its UK launch, founder Sebastian Thrun admitted he “never envisioned” London being home to autonomous cars. The driverless taxis have taken the US by storm, and the company will soon enter Europe, hitting the streets of the capital before the end of the year. The company, owned by Google parent Alphabet, [...]
PayPal-backed UK fintech kicks off legal battle over unpaid fees October 22, 2025 A PayPal-backed UK fintech which provides services to the HMRC is locked in a legal battle with a former client over an accusation of unpaid pre-determined charges. Embedded payments firm Modulr has filed a winding up petition against Paymob Technology, which trades under the moniker Dapio. A Judge will hear the case on Wednesday October [...]
Lord Mayor: Armed Forces should mine London’s fintechs for reserves October 20, 2025 A strong defence and a thriving economy are two sides of the same coin. The Armed Forces should utilise the City's talent.
Fintech industry takes aim at ‘logic-defying’ banking watchdog October 20, 2025 The industry body for UK fintech will today take aim at the banking watchdog in a scathing report that will blast “logic-defying” regulation. A fresh report from Innovate Finance, seen by City AM, will accuse the Prudential Regulation Authority’s (PRA) of “excessive” requirements that create an “uneven playing field for UK challenger banks, placing heavy [...]
Hyperlayer lands £30m to help legacy lenders take on fintechs October 15, 2025 London-based fintech Hyperlayer has secured £30m in fresh funding to support its mission to help established banks compete with digital first rivals. The firm’s tech is designed to work alongside existing banking infrastructure, which it says allows the legacy businesses to launch new products without complexity. Ex-Morgan Stanley International chief Rob Rooney, who found Hyperlayer [...]
Revolut’s UK banking licence bid faces global risk scrutiny October 14, 2025 Revolut’s pursuit of a full UK banking licence has hit another stumbling block as regulators seek further information on the fintech’s risk controls in light of its accelerating overseas growth. Officials at the Bank of England have sought commitment from the digital banking juggernaut that it will bulk up its risk management infrastructure to match [...]
Goodbye Nutmeg, hello Clove: New investing service lands £10m funding October 14, 2025 As the London fintech world bids goodbye to investing app Nutmeg, a new spice-themed alternative is about to rise up from the ashes. Investing startup Clove, a new venture from serial entrepreneur Christian Owens, has emerged from stealth after landing a bumper £10m funding round. The pre-seed round featured a host of prominent investors including [...]
Farewell to Nutmeg and the first chapter of fintech’s story October 10, 2025 When I read that J.P.Morgan will retire the Nutmeg brand later this year, it felt like the end of a chapter, not just for them, but for all of us who began this journey together. For more than a decade, Nutmeg and Moneyfarm were often spoken of in the same breath. Two young companies trying [...]
Zilch eyes ‘hot’ fintech IPO market amid product launch October 9, 2025 The boss of consumer payments platform Zilch has pledged to bring something “never seen before” to public markets as the fintech IPO scene heats up. Philip Belamant told City AM Klarna’s debut on the New York Stock Exchange – where the stock popped 15 per cent – was a “brilliant” indicator for fintech prospects. “I [...]