Revolut enters travel booking sector with in-app service for UK holidaymakers July 21, 2021 The challenger bank is capitalising on post-lockdown savings and desire to travel with a new in-app product that allows users to book holiday accommodation in the same place that they manage their finances. Revolut users in the UK are now able to check their cashflow before booking holiday accommodation, all without logging out of the [...]
Wise reports solid revenue growth and surging customers in first trading update since IPO July 20, 2021 Wise, one of Britain’s biggest fintech firms, posted revenue in line with expectations of £123.5m in the first quarter of its financial year, up 43 per cent from a year earlier. In the first trading update since its £8bn float on London’s stock exchange earlier this month, the payments group said it processed £16.4bn in [...]
UK listings reformer and peer Lord Hill joins fintech startup W1tty July 19, 2021 Former EU Commissioner for Financial Services Lord Jonathan Hill, who called for deregulatory measures to attract more tech companies in the UK, has joined fintech startup W1tty as an adviser. The Conservative peer will join the advisory board of smart finance app W1tty, which is launching in Lithuania and Poland in Autumn. Lord Hill authored [...]
Cairngorm Capital acquires robo-adviser and wealth manager to launch new digital firm July 15, 2021 Private equity firm Cairngorm Capital has acquired wealth manager Whitefoord and robo-adviser Munnypot to launch a new digital firm combining financial advice with investment management. The new firm, called Verso Wealth Management, will combine online investment service Munnypot’s digital platform technology with Whitefoord’s investment management and financial advice services to create an automated advice platform. [...]
Exclusive: ‘The recovery is going to be rocky and uneven’, warns fraud fighter Martin Sweeney July 14, 2021 Londoner Martin Sweeney started off at taxi app Hailo as a founding engineer. While there, he worked on a project to predict which orders were likely to be fraudulent. Finding nothing suitable on the market to solve this problem, or at least with the speed or accuracy he and his team wanted, Sweeney and some colleagues decided to [...]
Financial industry to invest in new tech as UK economy rebounds July 14, 2021 Over two thirds of banking and financial services companies plan to invest in new technology and diversify the types of tech they use, according to new research. A survey of 250 senior decision makers found that almost three quarters will invest in improving the quality of their core technology over the next year, as the [...]
UK tech on track for second record-breaking year of Asian investment July 13, 2021 The booming UK tech sector received almost twice the amount of Asian capital in the first six months of 2021 as it did during the whole of 2020, paving the way for a second record year of regional investment. By the end of June, Asian and Middle Eastern investors funnelled over £1.7bn into UK tech [...]
Bottom-up ESG: New platform wants to give retail investor army voting power for £1 July 9, 2021 Tulipshare is targeting the next generation of shareholders by tapping into their booming interest in retail investment and demand for a corporate ESG overhaul. The new UK-based activist investment platform wants to enable individuals to “vote with their money” for change from the inside at Amazon, Coca-Cola and Apple by investing as little as £1. [...]
Exclusive: Rising fintech star and former PayPal tech lead on his new payments venture July 8, 2021 Wise £8bn launch on the London Stock Exchange yesterday underpins how the capital’s fintech scene is booming, with a clear investor appetite for payment platforms such as Wise. Another fintech company in this space that has flourished in the last twelve months is Osu, an instant payments app that was created specifically for the self-employed [...]
LSE’s biggest tech IPO ever: Blindfolded Wise begins £8bn public era July 7, 2021 The positive start to trading for fintech giant Wise, going public this morning, means the payments firm has become London’s largest ever tech listing. The firm saw its valuation swell to £8bn, marking a major boost for the capital’s tech scene. It’s a big step up from the £5bn price tag attached to the company [...]