Banking challenger Monese tops 1m customers May 3, 2019 British banking startup Monese has surpassed the 1m customer milestone, as user growth tripled in the last year alone. The banking app, which counts Monzo, Revolut and Starling Bank among its rivals, said over 3,000 people are now joining Monese every day across its dual UK and European current accounts. Read more: Fintech startup Monese crashes [...]
London startup Checkout.com raises $230m in Europe’s largest ever fintech series A May 2, 2019 London-based fintech firm Checkout.com has raised $230m (£176.6m) from investors Insight Partners and DST Global, marking the largest European early-stage fintech raise to date. It is also the largest series A fintech fundraise globally of all time. Singapore’s sovereign wealth fund GIC, Blossom Capital, Endeavor Catalyst and other strategic investors also participated in the round. With [...]
VCs delay funding for London’s tech startups after the latest Brexit delay May 2, 2019 The latest Brexit extension has struck hesitancy into the heart of London’s venture capitalist scene as funders delay investments in the UK tech sector. Read more: Tech sector activity gets a boost despite falling optimism Almost a quarter of the capital’s technology startups have suffered a drop in VC funding since the end of 2018 [...]
Former HSBC trader’s fintech startup raises £3.8m from the crowd May 1, 2019 Dozens, a challenger banking startup founded by a former trader from HSBC, closed a crowdfunding round of more than £3.8m on Seedrs yesterday. The firm had initially set a target of £3.5m, but exceeded that amount with more than 2,150 investors in 42 countries. Read more: Philip Hammond says UK fintech sector will attract talent [...]
Tech sector activity gets a boost despite falling optimism April 30, 2019 Business activity growth in the UK technology sector has recovered to its fastest pace since the second quarter of 2018, while optimism fell to a 10-year low. The strength of business activity rose to 54.4 in the first three months of 2019, up from 52.3 at the end of last year, according to data from [...]
Tech sector activity gets a boost despite falling optimism April 30, 2019 Business activity growth in the UK technology sector has recovered to its fastest pace since the second quarter of 2018, while optimism fell to a 10-year low. The strength of business activity rose to 54.4 in the first three months of 2019, up from 52.3 at the end of last year, according to data from [...]
Perkbox gets a £13.5m pick-me-up from Revolut-backer Draper Esprit April 30, 2019 Employee rewards platform Perkbox has raised £13.5m in a funding round, led by London-listed fund Draper Esprit. Some of the company's long-term angel investors also participated in the round. Perkbox, which is hired by companies to provide their workers with rewards and benefits for both their personal and professional lives, will use the funding to aid [...]
Extra large order: Beyond Meat hikes offering ahead of float April 30, 2019 A vegan burger startup sent signs of confidence through Wall Street today after raising the price range and size of its initial public offering (IPO). Read more: Vegan startup Beyond Meat brings plant-based burger to the UK In a move that could value the group at almost $1.5bn (£1.15bn), Beyond Meat is set to price [...]
Government moves to take UK fintech startups global April 29, 2019 The UK’s fintech startups are set to get a boost from the government towards expansion across borders, international trade secretary Liam Fox announced yesterday. Building on the so-called fintech bridge agreements signed by the UK and other nations in recent years, a cohort of startups have been selected for two pilot programmes that will provide [...]
Top banks inject $9m into London fintech startup Mosaic Smart Data April 29, 2019 The venture capital arm of Commerzbank and London investor Octopus Ventures have co-led a $9m (£7m) funding round into fintech startup Mosaic Smart Data. Existing backer and client JP Morgan also participated in the round, adding to its minority stake in the startup. The bank signed a multi-year deal to use Mosaic’s technology – which [...]