Revolut, Monzo and Wise: The UK fintechs slapped with the most complaints May 9, 2025 Fintechs may be giving banks a run for their money on innovation, but fresh data reveals they’re also competing on the unenviable field of complaints. New figures from the Financial Ombudsman Service (FOS) showed Monzo and Revolut topped the fintech industry for the most complaints. Both firms’ customer bases swelled to over 10m users in [...]
Inside the rapid rise of UK fintech April 27, 2025 There’s a rocket strapped to UK fintech, and it’s only speeding up. On 28 April, UK fintech week kicks off, with industry body Innovate Finance hosting its 11th global summit. This follows another record year for the industry, where businesses saw profits balloon and customer bases swell. Allica Bank – a London-based fintech – was [...]
Zopa Bank: UK fintech doubles profit amid IPO speculation April 24, 2025 Digital bank Zopa doubled its pre-tax profit in its second full year of profitability as the London fintech continued its upward trajectory ahead of a possible IPO. The Canary Wharf-based business pocketed £34.2m in the 2024 financial year, up from £16.8m in 2023. Revenue grew 30.2 per cent to £303.4m. This was driven by an [...]
Monzo, Starling, Zilch: The fintech IPOs that could boost London March 30, 2025 London markets have suffered a torrid couple of years, but could fintech help turn the tide? Swedish fintech Klarna marked the latest snub to the City after it announced it was pursuing a US-listing despite hopes the firm would float in London. This followed 88 companies leaving the London Stock Exchange (LSE) last year, including [...]
Zopa doubles office footprint in move to Canary Wharf February 25, 2025 Fintech unicorn Zopa is set to double its office footprint with plans to relocate to a new headquarters in Canary Wharf. The new office, located at 20 Water Street in Canary Wharf, will span 44,000 square feet and host Zopa’s 900 current employees. The British digital bank, which was founded in 2020, said the move [...]
Zopa Bank hunts for fintech acquisitions after £68m fundraise December 6, 2024 Zopa Bank is on the hunt for acquisitions as the digital lender looks to step up its challenge to the likes of Revolut, Monzo and Starling ahead of a potential float on the London Stock Exchange. The London-based fintech, which launched as a fully licenced bank in 2020, said on Friday it had raised €82m [...]
UK fintech stars warn capital gains tax hike could force them to relocate October 16, 2024 Prominent UK fintech founders have warned the new government that hiking capital gains tax risks forcing them out of the country, with nearly half already mulling relocation.
John Lewis partners with Zopa to boost personal loan offering October 16, 2024 John Lewis has partnered with an online back to offer personal loans of up to £35,000 to its 23m customers. The department store chain‘s financial services arm is working with Zopa Bank to provide its customers with more finance options. The bank will be embedded into the John Lewis Money website with a personalised loan [...]
Zopa Bank targets current accounts and SME lending as London listing beckons June 15, 2024 Zopa Bank is set on stepping up its challenge to the likes of Starling, Monzo and Revolut, while expanding its suite of products ahead of a hotly-anticipated stock market float.
London listing looms for Zopa as fintech hits annual profit for first time in ‘landmark’ year April 15, 2024 "2023 was a landmark year as we achieved our first full year of profitability, grew to over a million customers, and maintained our market leading net promoter score," Jaidev Janardana, CEO at Zopa Bank said.