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Revolut is preparing to submit a banking license application to the Bank of England and hopes to secure it before the end of the year.
SoftBank-backed lender OakNorth Bank almost doubled its profits in 2019 but slowed down its pace of expansion as economic concerns discouraged...
Tandem Bank, the UK challenger which sparked reports of its funding nearly a year ago, has finally landed its investment round of £60 million and intends to buy a green lender that helps consumers buy solar panels.
Leap Finance, a fintech platform for overseas Indian students, announced it has raised US$5.5 million in a round led by Sequoia India.
In a major boost to the growing fintech sector in the Cardiff Capital Region, Starling Bank is investing in new data science, fraud and customer service hub in the city.
Monese, a digital banking app for immigrants, is expecting to turn 30 employees into paper millionaires after its next fundraiser, which will reportedly value the company at £1bn.
Metro Bank has announced that it will repay £50 million of bailout funding to RBS. The announcement arrives as the bank altered its strategy after releasing its full-year results and scaled-back its plans for branch expansion over the next few years.
Revolut announced that 2020 adjusted revenues, that grew 57% to £261 million. However, operating losses in 2020 have doubled.
Dutch digital bank Bunq managed to close the very first funding round with an undisclosed British private equity firm.
Wise, former TransferWise, is about to go public on the London Stock Exchange through a direct listing.