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Thursday, August 11, 2022
Tags UK

Tag: UK

One million self-employed pushed into debt due to pandemic

According to a report released today by IPSE about one million UK-based freelancers have been pushed into debt since the pandemic hit.

Starling Bank is about to raise £200m in funding round

Some of the UK’s most important fintech start-up players – Starling Bank, Curve and GoCardless are set to raise more money.

Anne Boden addresses the crisis in Starling which created Monzo

In Boden's new book Banking On It, Starling Bank CEO revealed her version of events that took place back in 2015, which lead to the rise of Tom Blomfield's Monzo bank.

Monzo launches new Premium account and offers its first metal card

Monzo bank has just launched its second premium account in the last three months as part of an effort to increase revenues and cover deep losses.

Revolut nominates Richard Holmes to oversee its UK bank license application

Challenger bank Revolut applied for UK banking license and ex-Standard Chartered chief Richard Holmes is supposed to aid the process.

Former executives from Barclays are launching digital bank

Jeremy Takle and Ben Harvey have announced the launch of a digital bank called Pennyworth.

Monument, digital bank for the rich, gets UK banking license

A new digital-only bank Monument has received an "authorization with restriction" now aims for the UK’s richest and is set to launch within months.

Starling introduces Online Banking for personal customers

Starling Bank said the desktop option of online banking is in response to customer demand. Current account customers are now able to manage their money via desktop or laptop.

Starling Bank partners with Trillion Trees to support sustainability

Every time customer recommends Starling to someone and that person becomes a new Starling customer through the referral journey, Starling’ll plant a tree as a thank you.

TransferWise reports 70% revenue growth and a 4th straight year of profitability

Annual revenue at TransferWise grew to £302.6 million, the company. These results show a net profit after tax of £21.3 million for fiscal year ending March 2020.
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Revolut plans to increase its crypto headcount by 20%

Fintech company Revolut continues to expand its cryptocurrency services operations after recently getting approval to operate in Singapore.

Nubank hits 1 million crypto users in less than a month

Brazilian challenger bank Nubank has announced hitting one million cryptocurrency users in the country barely a month after launching the service.

Revolut has been hit by high-profile resignations

Revolut has been hit by multiple resignations from its UK risk and compliance chiefs.

Starling Bank reports first full year profit

Starling reported a pre-tax profit of £32.1 million for the financial year ending 31 March 2022.