Fintech

Digital bank Monese in talks to raise £40m to invest in expansion

The British fintech is expecting to raise the funds towards the end of the year

By Hannah Boland 18 Jan 2021, 7:00am
Will Big Bang 2.0 reset the City’s financial compass?

As London splits from Europe, Rishi Sunak has his eye on broader horizons and a drive to cut red tape

By Michael O'Dwyer 17 Jan 2021, 5:00am
Checkout.com becomes most valuable tech start-up in the UK with $15bn valuation

The British company is planning to expand rapidly in the US and eventually China

By James Cook 12 Jan 2021, 5:01am
Why the UK risks losing its fintech crown to Bahrain

By Andrea Busfield 8 Jan 2021, 6:00am
Revolut outpaced Monzo and Starling in downloads during 2020

By James Cook 3 Jan 2021, 8:00pm
Lithuanian start-up first to relocate to the UK after Brexit deal

By James Cook 31 Dec 2020, 6:00am
Checkout.com in major hiring spree amid online payments boom

By Hannah Boland 27 Dec 2020, 3:00pm

Zopa boss targets 2021 profit for new digital bank

Jaidev Janardana is counting on 15 years of lending to give Zopa a head start over rivals like Monzo and Revolut

By James Cook 26 Dec 2020, 12:00pm
Short sellers lay siege to payments operator Network International

Investors have built short positions worth almost £100m against Network International, which floated last year

By Oliver Gill 19 Dec 2020, 8:00pm
Robinhood fined for 'misleading customers about commission fees'

The mobile app exploded in popularity this year thanks to a boom in retail trading

By Margi Murphy 17 Dec 2020, 7:21am

Stripe billionaire ‘very bullish’ about Britain’s fintech industry post-Brexit

The UK has emerged as a major global hub for finance start-ups in part due to light-touch regulation overseen by the Bank of England

By Michael Cogley 7 Dec 2020, 7:22am
Fintechs focused on 'extreme growth at all costs', says OakNorth boss

Rishi Khosla has weathered the storm of the pandemic, but warns that more needs to be done to encourage innovation

By Michael Cogley 5 Dec 2020, 6:00am

Money saving app Updraft raises £16m with Future Fund backing

Updraft allows users to pool all their debt and cards into one app to pay them off

By Matthew Field 1 Dec 2020, 1:59pm
Starling's Anne Boden named CEO of the year at Digital Masters Awards

The digital bank recently announced it had become the first to become profitable

By Hannah Boland 30 Nov 2020, 4:00pm
Monzo accused of 'spamming' customers with adverts for metal cards

Customers have complained of an excessive amount of promotional messages from the app

By James Cook 30 Nov 2020, 6:00am
Britain can take the lead in fintech as it shrugs off Brussels bureaucracy

We now have an opportunity to improve anti-competitive EU regulation in the sector

By Ian Liddell-Grainger 24 Nov 2020, 6:00am
Big Tech is getting into finance. How worried should the world's banks be?

A new wave of competition is coming that may force bank executives to buy bigger wallets

By James Cook 24 Nov 2020, 6:00am
JP Morgan to launch digital assault on UK banking scene

US lender seeks to pile pressure on loss-making British fintechs

By Lucy Burton 21 Nov 2020, 8:00pm
City watchdog withdraws warning over trendy fintech startup Lanistar

Much hyped fintech assured the regulators that it has yet to offer any banking services despite heavy promotion on Instagram

By Margi Murphy 20 Nov 2020, 8:51pm
Online bank Starling says it will be first to make a profit

The fintech company believes it will be in the black this month, as the sector comes under pressure to rein in losses

By Lucy Burton 20 Nov 2020, 6:00am

City watchdog warns against using fintech popular with Instagram influencers

City watchdog says Lanistar is not currently authorised to operate in the UK

By Margi Murphy 19 Nov 2020, 7:19am
Japanese bank SMBC invests £22.4m into OakNorth

One of the world's biggest financial institutes has backed the London-based lender

By Michael Cogley 17 Nov 2020, 7:00am
Sunak listing reform unlikely to convince start-ups to choose London, Nasdaq chief says

Adam Kostyál said a US listing was attractive to many European companies given it offered them the chance to up their exposure

By Hannah Boland 16 Nov 2020, 6:00am

Cheap loans from Bank of England 'rig the market', small lenders claim

Non-bank and fintech lenders have raised competition concerns after being shut out of cheap funding from Threadneedle Street

By Tom Rees 15 Nov 2020, 8:17pm
OakNorth rules out cryptocurrency loans

The London-based lender considers itself a "traditionalist" and insists a move to digital currencies is unlikely

By Michael Cogley 10 Nov 2020, 5:44pm

Britain's banking stars are racing towards profitability – can they get there?

Experts predict challenger banks will start offering more loans to customers in 2021

By James Cook 9 Nov 2020, 7:29am
WhatsApp cleared to launch payments service in India

India is the Facebook-owned app's biggest market with more than 400 million users

By Michael Cogley 6 Nov 2020, 10:14am
Beijing pulls plug on world's biggest float

The shock move has disrupted Ant Group's record-setting $34.5bn float

By James Cook 4 Nov 2020, 7:30am
Tech Hot 100: How Britain's tech start-ups are being powered by global talent

A quarter of the founders in the Tech Hot 100 were born overseas and moved to the UK

By Matthew Field 30 Oct 2020, 6:00am
Revolut's billionaire founder has a plan to transform banking

Nikolay Storonsky is plotting a major expansion to the US and believes arch rival Monzo has 'given up' in recent months

By James Cook 29 Oct 2020, 6:00am
Revolut boss named as UK's first tech start-up billionaire

Nikolay Storonsky, co-founder and chief executive of the banking start-up Revolut, has a net worth of just over £1bn

By James Cook 28 Oct 2020, 10:35pm
'It was just unbelievably chaotic': Inside the brutal rivalry between Monzo and Starling Bank

Insiders reveal the bitter personal and professional rivalry between Anne Boden and her former protégé Tom Blomfield

By James Cook 27 Oct 2020, 8:27pm
Starling boss accused of 'one-sided' account over Monzo split

Starling Bank's chief executive Ann Boden has accused Tom Blomfield of leading a 'coup' inside the start-up

By James Cook 27 Oct 2020, 8:00pm

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