Exclusive: Moneybox sails past crowdfunding target as it readies crypto push May 11, 2022 London wealth management fintech Moneybox sailed past funding targets today as it bagged £4.9m crowdfunding to fuel its expansion into crypto and individual stock trading.
City giant Brewin Dolphin posts £1.9bn fund inflows amid market volatility May 11, 2022 City giant Brewin Dolphin notched up £1.9bn inflows in the first half of the year as it bucked the investor jitters sparked by soaring inflation and war in Ukraine. In the six months to 31 March, the asset manager saw total income jump 4.8 per cent year-on-year to £209.5m, as profits were boosted to £48.1m, [...]
Yapily snaps up German open banking firm as it ‘builds the muscles’ for global push May 10, 2022 London fintech Yapily has snapped up German open banking firm finAPI today as it “builds the muscles” for a push into a swathe of new global markets.
Payments firm Paddle bags ‘unicorn’ status with $200m funding boost May 10, 2022 London fintech firm Paddle has bagged a $200m funding injection today at a valuation of $1.4bn, making it the latest UK firm to achieve so-called ‘unicorn’ status with a value of more than $1bn.
FCA warns of buy now pay later usage amid cost of living crunch May 10, 2022 Consumer groups have sounded the alarm over buy-now pay-later and credit usage as fresh data reveals Brits are turning to the products to buy essentials and ease the pain of a cost of living crunch.
‘Hello from the Big Apple’: Sadiq Khan touches down in New York City as London Mayor starts US tour to boost tourism and tech May 9, 2022 London Mayor Sadiq Khan has arrived in New York City and met with former mayor Michael Bloomberg as the London leader began a US tour aimed at boosting the British capital’s tourism and tech industries. The mayor of London tweeted he had caught up with his “good friend” Mr Bloomberg, who was in charge of [...]
Plus500 hit by revolt on pay as shareholders ramp up pressure in AGM season May 4, 2022 London-listed fintech giant Plus500 was struck a blow by investors yesterday as shareholders voted down the firm’s remuneration report at its annual general meeting.
Klarna set to share customer buy-now pay-later data with credit agencies as regulation looms May 4, 2022 Fintech giant Klarna is set to begin sharing buy-now pay-later (BNPL) information with credit reference agencies as the sector scrambles to get ahead of a regulatory clampdown expected this year.
FTSE 250 fintech firm Plus500 seeks to woo investors ahead of AGM May 3, 2022 Fintech giant Plus500 has told investors it has made “substantial progress” in pursuing its strategy, as it prepares for the start of its annual general meeting (AGM) later this morning. The AGM will see Plus500 investors asked to vote on 20 separate resolutions, including on plans to launch a major share buyback scheme and boost [...]
Brexit-proof: London races ahead of all European tech rivals as record 18,500 new startups flock to the capital April 28, 2022 The number of new tech companies incorporated in London jumped 94 per cent last year, it has emerged. A total of 18,549 tech businesses were incorporated in London in 2021, according to an analysis of data held by Companies House, up from 9,572 in 2020. London accounted for the highest number of incorporations in 2021, [...]
