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Revolut seeking UK banking license because of Brexit

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.

OakNorth Bank reaches double profits, but growth slows

SoftBank-backed lender OakNorth Bank almost doubled its profits in 2019 but slowed down its pace of expansion as economic concerns discouraged...

Tandem raises £60m to fund international expansion

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 raises $5.5M to lend to Indian students who are studying abroad

Leap Finance, a fintech platform for overseas Indian students, announced it has raised US$5.5 million in a round led by Sequoia India.

Starling Bank to create 400 jobs at its new Cardiff office

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.

30 employees turned into millionaires? Yes with Monese

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.

RBS Fund Takes Back £50M From Metro Bank!

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.

UK’s most valuable fintech startup? Revolut!

The digital bank Revolut has become the UK’s most valuable financial technology startup after a funding round that more than tripled its value to £4.2bn.
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Curve has secured a $1 billion credit line from Credit Suisse to launch Curve Flex

Curve is a financial service provider that connects debit and credit cards into one. With great exchange rates, rewards, and insights across...

Revolut won’t refund money to a woman who got scammed of £8,000 from her Vaults

Deborah Wright lost £8,000 of savings from her Revolut accounts to fraud in October, BBC reported.

TS Anil, CEO of Monzo, claims the bank will turn into profit in 2023

“We will be profitable in the next financial year,” TS Anil, chief executive of Monzo, told the FT’s banking summit on Thursday.

Klarna launched the platform that helps retailers to increase sales by 300% 

Recently the world-leading global retail bank Klarna has launched their new Creator platform that helps retailers find influencers best suited to their...