Consultants ‘braver’ about challenging clients who treat women inappropriately, says PwC January 17, 2019 Advisers are “getting braver about…calling out our clients” who act inappropriately towards female consultants, a partner at PwC told a tech industry event in east London today. The partnership at PwC gets “incensed” when client chief executives shout at female partners, said Mads Thomson, who leads the the professional services firm’s technology consulting business in [...]
Paid tha Cost to Be da Boss: Snoop Dogg invests in Swedish fintech unicorn Klarna January 17, 2019 Rapper Snoop Dogg has invested in $2.5bn (£1.94bn) Swedish fintech company Klarna, it emerged today. The rapper, famed for hits such as Gin & Juice, From tha Chuuuch to da Palace and Ain't Nuthin but a G Thang, has more lately reinvented himself as an investor, playing a role in specialist cannabis venture capital firm [...]
Funding Circle beats revenue growth forecasts three months on from IPO January 17, 2019 Small business lender Funding Circle has beaten its forecasts for revenue growth and loans under management three months after a disappointing debut on the London Stock Exchange. The company hit revenue growth of 55 per cent in the fourth quarter of 2018, exceeding the 50 per cent guidance which was estimated at the time of its [...]
London fintech startup Jaja Finance picks up £5m with a boost from Celeres January 16, 2019 Credit card fintech startup Jaja Finance has today confirmed the final close of its £3.5m crowdfunding round, boosted by an additional £1.5m from Celeres Investments. The £5m intake adds to an earlier £4.4m raised in seed funding last year, backed by Blystad Group and Pollen Street Capital among others. More than 1,000 private investors took [...]
MPs fear FCA proposals on overdraft rules could end free banking January 15, 2019 The head of the UK’s financial watchdog told MPs this morning that he is “very alert” to the possibility that proposed rules to tackle charges for unplanned overdrafts could raise the cost of planned consumer borrowing. MPs raised concerns that changes to overdraft rules could negatively impact the availability of free banking as banks would [...]
London venture capital firm Beringea heads up north with £9m fintech injection January 13, 2019 London-based venture capital firm Beringea has expanded its UK presence with an office based in Manchester, the firm will announce today. It has also led a £9m fundraising round in Mancunian fintech firm Accesspay, which it said was one of the region’s largest fintech rounds to date. Based in the northern city centre's St Peter's [...]
Revolut rival digital bank N26 lands $300m funding round, becoming Europe’s most valuable fintech startup January 10, 2019 Digital banking startup N26 has closed the biggest funding round in European fintech in recent years, valuing the Monzo and Revolut challenger at $2.7bn (£2.1bn). The Berlin-based fintech, which offers a current account and debit card through its mobile banking app, has raised $300m in a series D round led by US venture capital firm Insight Venture Partners. [...]
Digital finance technology is wonderful, but we must design it with consumers’ best interests at heart January 10, 2019 Every morning, I browse my phone as I commute to work. I check my emails, the news, Twitter, and increasingly I open my various finance apps. I recently logged into my investment platform app and made a new investment – £1,000 in a startup Swedish retailer. Once the money was invested, I was applauded with [...]
London raked £1.8bn in tech funding last year, almost double its next closest rival January 9, 2019 London has retained its spot at the top of the tech charts for another year, securing almost double the amount of investment in 2018 than its next closest European competitor. Tech firms in the capital raised £1.8bn in venture funding and public listings in 2018, raking in 72 per cent of the UK’s £2.5bn total [...]
