8.6 C
New York
Thursday, August 11, 2022
Tags UK

Tag: UK

Allica Bank is launching a £100m funding round

Allica Bank has already closed a £26 million investment and now is launching a new £100 million funding round to meet the current high levels of demand for its services.

Starling launches Kite card for kids

British challenger Starling Bank is set to launch the Kite debit card, which is dedicated to being used by children up to the age of 16.

Curve all-in-one system now includes loyalty cards

Curve is a fintech company famous for its handy all-cards-in-one service. Now they extended this to loyalty cards.

Hyperjar’s CEO Mat Megens: “Getting people into debt is an unhealthy model, we provide them with a sustainable savings option instead”

Hyperjar's CEO Mat Megens has provided Everly.eu with an exclusive interview in which he has disclosed the company's core philosophy and why he believes the idea of a sustainable savings app is more profound than it may seem.

Klarna thrives under lockdown

The 'buy now pay later' Swedish fintech has recently seen the biggest transaction traffic from generation X.

OakNorth Bank has approved over £600m in new loans since March

OakNorth Bank received additional CBILS (Coronavirus Business Interruption Loan Scheme) allocation from the British Business Bank.

Monzo capital requirement was raised by the Bank of England

Monzo bank is now obliged to have a capital worth of 13.6 percent of its risk-weighted assets to be protected against potential losses.

Starling bank ‘on track to break even’ despite the losses doubled to £52m in 2019

Starling bank recently announced that it generated £6.7 million for the month of July 2020, meaning that it could make annual revenue of £80m.

Revolut launches in-app price comparison service

Revolut is now working with Decision Tech, a price-comparison technology company.

Klarna has tightened lending during the lockdown

Buy now, pay later service Klarna has seen a boom in business during Britain's lockdown. However it tightened its rules on lending as a result of the financial uncertainty caused by the UK’s lockdown.
- Advertisment -

Most Read

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.