Klarna to revive New York IPO attempt as soon as September July 31, 2025 Swedish fintech Klarna is gearing up for a second swing at a public listing in New York after original plans were derailed by the market meltdown following President Donald Trump’s tariff onslaught. The buy now, pay later (BNPL) giant is aiming to launch on the US stock market in September or October if market conditions [...]
Nationwide wins big in mass switch from FTSE 100 banks July 30, 2025 Nationwide has raided the customer base of Britain’s banking titans as current account switchers flocked away from legacy firms. The building society welcomed nearly 73,000 switchers in the first three months of the year, compared to 17,000 outflows, according to Pay.uk data. This comes after the mutual returned billions to customers in 2024, whilst the [...]
Klarna receives regulatory approval to take on Monzo and Revolut July 30, 2025 Swedish fintech Klarna has received an electronic money institution licence from the Financial Conduct Authority, setting the firm up to compete with UK firms Monzo and Revolut. The licence will allow Klarna to offer its 11 million UK customers savings accounts and also pave the way for a debit card launch. Abby Vickers, Klarna’s head [...]
Revolut mulling plans to take on China’s fintech giants July 30, 2025 UK fintech juggernaut Revolut is weighing expansion into China in a move that would see the company take on the likes of Ant Group-owned Alipay and Wechat. The firm told investors on a pitchdeck during its secondary share sale last year it was assessing “hiring, licensing [and] scoping” opportunities in China. The fintech was also [...]
Exclusive: Airwallex to bulk up UK workforce after rapid growth July 30, 2025 Singaporean fintech unicorn Airwallex has its sights set on UK expansion after a period of rapid growth. The cross-border payment specialist – which counts Shein, Brex and Rippling among its customers – recorded a 95 per cent annual jump in global revenue to $850m in the last year, with UK takings jumping 109 per cent [...]
Rachel Reeves at odds with Bank of England over Revolut licence bid July 29, 2025 Rachel Reeves has clashed with the governor of the Bank of England after trying to support Revolut in its protracted regulatory process to secure a full banking licence. The Chancellor is reported to have attempted to secure a meeting between financial watchdogs and Revolut in hopes of pushing forward its banking licence bid. But the [...]
Wise shareholders overwhelmingly approve plans to ditch UK primary listing July 28, 2025 UK fintech Wise has curbed a potential shareholder revolt to seal the transferal of its primary listing to the US despite an investor backlash over additional terms within the proposal. More than 90 per cent of Class A shareholders and 84.6 per cent of Class B shareholders approved the deal, which will see the firm [...]
Wise co-founders clash over New York listing plans July 21, 2025 A plan to move Wise’s primary listing from London to New York has been thrown into doubt after one of the firm’s co-founders urged shareholders to vote against the move. Taavet Hinrikus, who served as chief executive of the London fintech from its founding in 2011 until 2017, warned he was “deeply troubled” over the [...]
Wise shares tumble ahead of switch to US primary listing July 17, 2025 Wise shares sunk on Thursday morning after the London fintech disappointed analysts in a trading update ahead of its upcoming switch to a US primary listing. The £12bn money transfer business reported a 24 per cent rise in quarterly cross-border volume to £41.2bn in the three months to end June, while customer holdings grew by [...]
Financial services firms dealt tens of millions in regulatory fines July 17, 2025 While deregulation may be the political mood, UK watchdogs are sharpening their swords as banking giants bleed millions in regulatory fines. In under just ten days, the Financial Conduct Authority and Bank of England handed out £74.9m worth of fines to a trio of UK financial services firms. Leading the pack, and most recently, was [...]
