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

The British fintech is expecting to raise the funds towards the end of the year
Jaidev Janardana is counting on 15 years of lending to give Zopa a head start over rivals like Monzo and Revolut
Investors have built short positions worth almost £100m against Network International, which floated last year
The mobile app exploded in popularity this year thanks to a boom in retail trading
Updraft allows users to pool all their debt and cards into one app to pay them off
The digital bank recently announced it had become the first to become profitable
Customers have complained of an excessive amount of promotional messages from the app
We now have an opportunity to improve anti-competitive EU regulation in the sector
A new wave of competition is coming that may force bank executives to buy bigger wallets
US lender seeks to pile pressure on loss-making British fintechs
Much hyped fintech assured the regulators that it has yet to offer any banking services despite heavy promotion on Instagram
The fintech company believes it will be in the black this month, as the sector comes under pressure to rein in losses
City watchdog says Lanistar is not currently authorised to operate in the UK
One of the world's biggest financial institutes has backed the London-based lender
Adam Kostyál said a US listing was attractive to many European companies given it offered them the chance to up their exposure
Experts predict challenger banks will start offering more loans to customers in 2021
India is the Facebook-owned app's biggest market with more than 400 million users
The shock move has disrupted Ant Group's record-setting $34.5bn float
A quarter of the founders in the Tech Hot 100 were born overseas and moved to the UK
Nikolay Storonsky is plotting a major expansion to the US and believes arch rival Monzo has 'given up' in recent months
Nikolay Storonsky, co-founder and chief executive of the banking start-up Revolut, has a net worth of just over £1bn
Insiders reveal the bitter personal and professional rivalry between Anne Boden and her former protégé Tom Blomfield
Starling Bank's chief executive Ann Boden has accused Tom Blomfield of leading a 'coup' inside the start-up