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The neobank has experienced a significant increase in revenue over the past year, according to an investor update seen by Sifted.
The report analyzed the state of the Fintech industry in the UK and revealed that private Fintech firms raised a total of $11.2 billion in 2022, a drop of 13% from the previous year.
The 2022 McKinsey Global Payments Report provides a comprehensive overview of the current trends and future outlook of the global payments market.
The bursting of the fintech bubble presents a unique opportunity for traditional banking institutions to acquire their erstwhile competitors, accelerate their innovation strategies, and position themselves to compete in the coming years.
Fintechs should strive to make every customer interaction with the business a positive one.
With over 1.5 million customers across the UK and EU, Plum has helped set aside more than GBP 1.5 billion.
Market Study Report has added a new report on Neo and Challenger Bank market that provides a comprehensive review of this industry with respect to the driving forces influencing the market size.
The company has 850,000 customers across its different businesses and is on track to be profitable for the full year in 2023, the first time since its founding 17 years ago.
As interest rates remain high, borrowing will continue to play a significant role in helping these businesses achieve their goals.