Wise stock makes comeback after sudden share dive following Citi note that urged clients to dump fintech January 11, 2022 Shares in fintech company Wise are making a comeback this afternoon after they tumbled in London yesterday afternoon and this morning following an analysts at investment bank Citi urged clients to dump the stock yesterday. The downgrade was driven by analysts batting away Wise’s forecasts for revenue, saying the stock now priced in “excessive long-term [...]
Fintech firms unite again over Open Banking January 7, 2022 Fintech firms have come together to offer another robust defence of Open Banking just days after rebuffing claims from Starling boss Anne Boden that the initiative had failed. Speaking at an event organised by Open Banking Excellence, speakers from leading fintechs including Plaid, Token and Klarna argued that Open Banking was underpinning the rollout of [...]
Buy Now Pay Later firm Klarna claims ‘credit cards pose the real risk’ January 7, 2022 Klarna has claimed credit card providers pose a bigger risk to consumers as Government prepares to clampdown on the BNPL sector.
Tech Special: The jobs, sectors and countries most at risk of automation and robotics in 2022 January 5, 2022 Digital change and automation are driving enormous productivity gains in the world of work. However, the rapid changes mean many individuals, businesses and even entire nations will be hugely impacted by automation and tech, with some roles and jobs to be replaced by robots altogether. Many of the industries that are most at risk of [...]
2021: Best year ever for UK tech sector with £26bn in VC, 116 unicorns, record London listings and more jobs December 28, 2021 The UK tech sector looks back on its best year ever, raking in £26bn in venture capital, record London listings, more jobs and the number of British unicorns climbing to 116. Success feeds cities outside London as Cambridge has become the leading regional tech city in the UK thanks to its combination of high levels [...]
London tops European fintech occupier index with £15bn funding December 10, 2021 London has beaten European capitals for the top spot in a new ranking table of the most attractive cities for fintech occupiers in Europe, according to reports. The capital, which has brought in over €18bn (£15.4bn) of fintech venture capital funding over the last five years, has kept its place at the top of the rankings compiled [...]
Expenses fintech Pleo rakes in $200m, tripling valuation to $4.7bn December 9, 2021 Fintech Pleo has raised $200m in an extended Series C round at a valuation of $4.7bn, hot on the heels of its last cash injection in July that saw it pass the unicorn threshold at lightning speed. Pitching itself as the “largest spend management company in Europe”, Pleo provides expense management subscriptions to businesses that [...]
Fintech Equals surpasses profit goals early as its pivot pays off December 8, 2021 Fintech payments group Equals announced that it significantly exceeded full-year revenue expectations this morning, with a 51 per cent boost to £40.4m, compared to a previous £26.8m for the same period in 2020.
Blue Prism agrees £1.24bn takeover offer from US fintech SS&C December 1, 2021 Software group Blue Prism agreed to a £1.24bn takeover offer from SS&C Technologies this morning, withdrawing its backing for a bid from rival suitor Vista.
New ‘purpose-built’ $1bn UK clearing bank launches in London November 30, 2021 London gets its second new clearing bank in 250 years today, as The Bank of London launches in the city to approve and process cross-border payments. Founded by Anthony Watson, a former chief information officer at both Nike and Barclays, The Bank of London is taking on the four banking giants HSBC, Lloyds Banking Group, [...]