Klarna to exit checkout business after finding conflict of interest with rivals Adyen and Stripe June 24, 2024 Buy-now pay-later giant Klarna is set to exit its checkout business after finding that the division created a conflict of interest with fintech peers like Adyen and Stripe.
FTSE 100 today: Blue-chip index set to break five-week losing streak June 21, 2024 Asian markets declined alongside Wall Street, while gold aimed for a second weekly gain. All eyes are on global PMI data and UK retail sales.
Starling Bank cracks down on debtors as regulator probes financial crime controls June 19, 2024 Starling Bank has taken legal action against two dozen bad debtors as it grapples with rising defaults and a City watchdog probe into its financial crime controls.
Buy-now pay-later firm Zilch raises £100m debt ahead of hotly-anticipated public listing June 19, 2024 London fintech Zilch has raised £100m in securitised debt financing in a deal arranged by Deutsche Bank ahead of a hotly-anticipated public listing.
Labour candidate under fire after collapsed FX firm left clients £15m out of pocket June 19, 2024 A Labour parliamentary candidate is facing questions over his past business ventures today after the FX firm he founded collapsed and left customers millions of pounds out of pocket.
FTSE 100 today: British stocks poised for decline if UK May inflation surprises to the upside June 19, 2024 Asian markets surged with Wall Street hitting record highs. Focus on UK May inflation and the Bank of England policy decision.
Revolut adds ‘Revpoints’ and financial market trading tools in bid to become money super app June 18, 2024 Revolut announced two new products, focusing on travel discounts and bond trading, on Tuesday as the fintech looks to diversify its revenue streams and achieve superapp status.
Lopay: SumUp rival eyes profitability this year ahead of Europe and US expansion June 18, 2024 London payments start-up Lopay expects to hit profitability in 2024, less than three years after launching, ahead of taking its challenge to bigger rivals like SumUp to new markets in Europe and North America.
‘Heartbroken’: Major buy-now pay-later firm collapses after failing to find a buyer June 17, 2024 Buy-now pay-later firm Laybuy has collapsed into receivership today after efforts to find a rescue buyer failed.
Lendinvest issues profit warning after accounting error on £5m securitisation deal June 17, 2024 Property fintech Lendinvest has issued a profit warning for its 2024 financial year after an accounting error related to a £5m securitisation deal.