Gocardless axes 90 jobs as UK fintech targets profitability Fintech UK fintech Gocardless has taken the chop to its workforce as the firm sets its sights on breaking into the black in the new financial year. The London-based firm, which specialises in bank-to-bank payment solutions, said it had made a redundancy provision for around 90 roles in the year ending 30 June 2025. This led [...]
Revolut crowdfunders in line for 400 times return on investment Fintech Some of Revolut’s earliest investors are in line for 400 times returns after taking a punt on a fledgling fintech that has grown into a banking titan. The British start-up’s early backers, including participants in two crowdfunding rounds, have been offered the chance to sell down their holdings in a secondary share sale. Brokered by [...]
GoCardless: Fintech ‘open-minded’ on further acquisitions as it eyes profitability in 2025 Fintech London-based payments fintech GoCardless is weighing up further acquisitions in the open banking space as it looks to rebound from a challenging 2023 and achieve profitability next year.