UK fintech Pockit borrows cash from Spanish railway architect Fintech Pockit has borrowed money from an award-winning Spanish railway architect in one of the most unusual debt raises completed by a British fintech. The Cardiff-based business, which offers prepaid accounts to customers without a credit score, has signed a debenture agreement with Anchorgate Management, a British Virgin Islands company controlled by architect Santiago Calatrava, company [...]
London fintech Monese says it needs more cash to survive after Pockit takeover Fintech Monese has warned it will need fresh investment if it is to survive for another year as the London fintech embarks on a change in strategy to put itself on a firmer financial footing. The current account and money transfer business, which last year was acquired by fintech firm Pocket in a rescue deal, said [...]
HSBC writes off stake in former UK fintech darling Monese Fintech HSBC has written off its holding in British fintech Monese just two years after taking a $35m stake in the firm.