UK’s cash-strapped fintechs brace for buyouts as London IPOs stall Fintech 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 Tech 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 Fintech 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.
Fintechs set for ‘substantial uptick’ in stock market listings as UK investment rebounds June 26, 2024 The fintech market is primed for a “substantial uptick” in IPO activity, according to Boston Consulting Group, as investor sentiment around UK start-ups rebounds after a bruising 2023.
Augmentum Fintech backs new FX trading platform June 25, 2024 Augmentum Fintech has built up a multimillion pound stake in London-based peer-to-bank FX trading platform LoopFX.
UK fintech job vacancies surge as investors flock back to London June 17, 2024 London is driving a surge in UK fintech recruitment this year, data shared exclusively with City A.M. shows, as start-ups push for rapid growth and enjoy green shoots in investment after a rough couple of years.
City watchdog clamps down on e-money firm Astropay owned by Uruguay’s first-ever billionaires June 12, 2024 The City watchdog has imposed restrictions on a fintech firm owned by Uruguay’s first-ever billionaires as it tries to improve standards in a more lightly regulated segment of the payments industry.
Square Mile and Me – The Bank of London CEO Anthony Watson: It’s still revolutionary to be visibly gay in banking June 6, 2024 Anthony Watson, CEO of The Bank of London, tells us why the City still has a long way to go to improve LGBT inclusivity.