UK fintech: Can Britain’s booming sector conquer Europe and the US? Fintech UK fintechs have transformed the British banking landscape – and firms are fixing their eyes on international endeavours. Top names ballooned profits and customers bases over the last year whilst picking up a fleet of accolades. London-based Allica Bank was dubbed the UK’s fastest growing private company by The Times Hundred and Europe’s fastest growing start-up by Sifted. [...]
Deutsche Bank bets £250m on UK fintech Abound Alternate Investments Deutsche Bank announced on Thursday morning it had given a £250m backing to UK fintech Abound, boosting the firm’s lending capacity. The latest round of funding compounds existing support from Citi, Waterfall Asset Management and LuminArx – and takes the fintech’s total credit ceiling to £1.6bn. Abound said the additional capital would provide “firepower to [...]
How two ex-consultants plan to revolutionise UK consumer credit Fintech As financial services consultants at EY, Gerald Chappell and Michelle He noticed a weak spot shared by some of the world’s biggest banks: affordable personal loans. Up against ageing data-sharing systems, bureaucratic decision-making and a lack of business motivation to enter a market easily written off as “risky”, they set out to provide finance to [...]
