Sibstar: Fintech backed by Dragons’ Den stars Deborah Meaden and Sara Davies seeking extra cash March 20, 2025 Fintech Sibstar, which is backed by Dragons’ Den stars Deborah Meaden and Sara Davies, has launched a new crowdfunding campaign in a bid to raise £350,000. The mobile app and debit card for people with dementia was founded by chief executive Jayne Sibley and secured £125,000 after appearing on the hit BBC One show last [...]
UK fintechs sound alarm on spike in organised crime March 19, 2025 Seven in ten UK fintechs said fraud volumes in their business shot up over the last year, according to new research. Alloy’s State of UK Fraud Report stated 79 per cent of UK fintech firms lost at least £500,000 to fraud in the 12 months to October 2024. Two in five recorded losses between £1m [...]
British fintech unicorn OakNorth acquires US community bank March 17, 2025 OakNorth, the British digital banking unicorn, has acquired a US community bank as it eyes overseas expansion. The firm announced on Monday it had agreed on a stock-for-stock transaction for Michigan-based Community Unity Bank (CUB). The acquisition is subject to regulatory approval and follows the Federal Reserve and New York State Department of Financial Services [...]
Monument Bank partners with fintech Firenze February 25, 2025 Monument Bank has entered a partnership with fintech Firenze to boost the lender’s stronghold among its mass-affluent consumer base. The challenger bank gave Firenze a £160m backing with the aim to scale up its Lombard loan offering for wealth management firms. The Manchester-headquartered fintech, which is just over a year old, offers loans against secure [...]
9fin: Data start-up raises £40m for credit markets tech December 2, 2024 Financial data start-up 9fin has raised $50m (£39.3m) as it looks to grow a foothold in the market for debt and private capital research. The London-based fintech announced a Series B round led by growth capital investor Highland Europe. 9fin did not disclose at what valuation it had raised the money. It was reported a [...]
UK’s cash-strapped fintechs brace for buyouts as London IPOs stall October 8, 2024 Amid a dearth of IPO activity, the UK's fintech sector is bracing for more consolidation as successful start-ups expand and established players fend off future rivals.
Revolut: Fintech hits 10m UK customers as aggressive growth strategy pays off September 20, 2024 Fintech giant Revolut has reached 10m customers in the UK, solidifying its position as one of the country’s largest fintechs. The company, which has recorded rapid growth over the past few years, added nearly 2m customers in 2024 alone. The achievement follows several high-profile developments for Revolut, including its recent secondary share sale, which valued [...]
Five fintechs on the verge of unicorn status August 13, 2024 The fintech sector is experiencing lightning growth, with a number companies on the brink of joining the coveted unicorn club – a title given to privately-held startups valued at over $1bn. According to recent data from Crunchbase, analysed by investment bank Panmure Liberum, a handful of fintech firms are leading the charge, with valuations upwards [...]
Revolut and CMC Markets partnership up and running July 25, 2024 The partnership between CMC Markets and Revolut had already kicked off, with reports that some Revolut clients are already live and trading.
Wise books another quarter of strong growth as firm rolls out new partnership in Brazil July 16, 2024 Overall, the group said underlying income for the three-month period grew 22 per cent year-on-year to £325.4m. Deposit balances expanded 23 per cent year-on-year, while "card and other revenue growth" came in at 55 per cent.