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Monday, February 6, 2023
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Tag: breakeven

Starling Bank to be valued at $1.5bn as it is set to raise £200m

US investor Fidelity manages trillions of dollars in assets and is negotiating a £200m fundraising for Starling, Sky News reported.

Revolut reached break-even in November, according to CEO Nik Storonsky

The CEO of Revolut Nik Storonsky claims his company broke even in November, just a month after Starling's Anne Boden announced the same.
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Fintech Funding Decline: The State of Fintech in 2022

Despite the decline, the fintech industry's performance in 2022 still beats its performance from two years ago, with funding increasing by 52% compared to 2020.

Partnership between Credits and Unlimint

Credits is a digital neobank that combines many financial services into one application, focusing on providing financial services for the cryptocurrency space.

UK Neobank Zopa Raises £75 Million in All-Equity Investment

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.

UK SMEs Lean on Business Finance and Credit for Growth and Sustainability

As interest rates remain high, borrowing will continue to play a significant role in helping these businesses achieve their goals.