Tech firms lead business growth across Britain as one in four of all high-growth companies are startups March 22, 2022 Of the 175 fastest-growing UK companies – firms that have been able to grow their revenue 20 per cent or more, around a quarter (44) companies are technology companies, according to new research shared with City PM today. A significant number of these are fintechs. This includes payments giant Wise, which has managed to grow [...]
SPAC snaps up Ondo to make it first public ‘insurtech’ firm in London March 21, 2022 Ondo has become the first ‘insurtech’ firm to go public in the capital today, as listed acquisition vehicle Spinnaker Acquisitions snaps up the firm and brings it onto the London Stock Exchange.
Shoppers turn to buy-now pay-later amid cost of living crunch March 21, 2022 Consumers are increasingly turning to buy-now pay-later (BNPL) products to manage their finances amid a cost of living crunch, fresh research has revealed.
Are UK venture capital firms missing out on an African tech boom? March 21, 2022 Are UK VCs missing out on a new generation of African tech firms with huge growth potential?
Exclusive: Government turns to top fintechs to champion sector overseas March 18, 2022 A group of the UK’s top fintech firms will join a new government-backed body designed to help shape trade agreements and champion UK fintech internationally, as ministers look to leverage the sector as a force for trade.
Loosened pension rules could unleash £5bn tech and science investment March 17, 2022 Government plans to loosen pension investment rules could unleash a wave of funding into the UK’s tech and life science sectors, according to new research.
PensionBee doubles revenue as assets under management hit £2.6bn March 17, 2022 PensionBee has more than doubled its revenue over the past 12 months, as firm’s assets under management blossom. Assets under management have bloomed over 90 per cent to £2.6bn in the year to 31 December, up from £1.4bn in 2020. Revenue has also rocketed, from £6.3m to £12.8m, as the pandemic-era drive to get one’s [...]
Exclusive: London investment vehicle rolls out to back climate tech startups March 17, 2022 A new £20m investment vehicle has rolled out in London today to target early-stage tech firms tackling climate change, as UK investment into the space continues to swell.
Contactless payment value soars after limit is loosened March 16, 2022 The average contactless payment has surged almost 30 per cent in value in the past six months after the limit on payments was hiked from £45 to £100 in October.
IG Group user numbers at ‘all-time high’ following ‘extraordinary meme stock’ rally March 16, 2022 Online trader IG Group has snagged yet another quarter of consecutive growth after the “extraordinary ‘meme stock’” rally ushered in a record number of active users. Active client numbers hit an “all-time high” of 292,200 in the three months to 28 February, up from 220,900 in the third quarter of 2021. Overall trading revenue from [...]
