Wise triggers staff backlash after cutting paid paternity leave June 23, 2026 Money transfer firm Wise is facing uproar from staff after cutting paid paternity leave, Morning Wire can reveal, even after its own billionaire boss took a three-month sabbatical to spend time with his newborn. The UK fintech reduced its paid leave for fathers and secondary caregivers earlier this month from 18 weeks to eight, in [...]
Starling names HSBC veteran as chair in boardroom shake-up on road to IPO June 23, 2026 Starling has appointed the former top boss of HSBC Bank as its new chair as the digital challenger shakes up its boardroom on the road to its long-awaited IPO. The UK fintech named Colin Bell – who has served as a non-executive director at Starling since November 2025 – as chairman of its board ahead [...]
Revolut pays compensation for waking customer up with push notifications June 17, 2026 The Treasury might be hoping to ease the Financial Ombudsman Service’s workload but there has been no slowdown in perplexing cases. In this week’s column, Samuel Norman tells the tale of Revolut and a sleep-starved customer. Is there an inappropriate time for a push notification? There is, according to one bank customer. Revolut found itself [...]
Revolut price tag ‘just a stepping stone’ to a trillion, says Fuse boss June 12, 2026 Revolut will become a trillion dollar company, one of its most high profile alumni has claimed, with any valuation on the road to that a mere “stepping stone”. The London-born fintech giant – which currently boasts a valuation of $75bn – is tipped to launch another secondary share sale in the second half of this [...]
Revolut faced orders to fix ‘deficiencies’ in product launches in Europe June 10, 2026 Revolut faced a regulatory slap-down from the European Central Bank last year as restrictions were placed on its operations in the continent. Europe’s most valuable fintech company had its permission to release new products across the 27 countries covered in the European Economic Area temporarily suspended last summer. The bank was instructed to rectify “deficiencies” [...]
Pockit taps shareholders for £13.4m after losses quadruple June 8, 2026 Pockit has raised £13.4m from shareholders as it seeks to plug growing losses following its acquisition of London fintech Monese. The firm, which offers pre-paid cards to customers without the need for a credit check, said it completed the raise in May 2026 from venture capital investor Concentric as well as Shore Capital-owned investment firm [...]
Bunq: Revolut rival eyeing up UK banking licence bid June 4, 2026 Europe’s second largest digital bank is gearing up for a bid for a UK banking licence, Morning Wire can reveal, as the firm puts its hat in the ring in the fight to claw market share from fintech leader Revolut. Bunq – which reached 20 million users in just a decade – is understood to [...]
This is why the City’s fintech IPO boom hasn’t happened yet June 3, 2026 Hopes remain high for a flurry of fintech listings, in this week’s column Samuel Norman takes a look at whether this could come to fruition and what could be holding it up. City officials have pinned a hefty portion of their hopes for a London Stock Market revival on the nation’s fintech stars. Rachel Reeves [...]
Losses widen at UK fintech Monese in eight month delayed accounts June 2, 2026 UK fintech Monese suffered a major widening of losses as its bottom line was hit by restructuring costs amidst its takeover by pseudo-bank peer Pockit. The London-based firm – which provides mobile-only current accounts, multi-currency wallets, and money transfer services – booked a pre-tax loss of £15.9m in the 2024 financial year. Fresh accounts – [...]
Fintech firms grew four times faster than traditional banks in 2025 June 1, 2026 The explosive growth of the global fintech sector continued in the last year, drastically outpacing its incumbent rivals but faced a challenge in cementing its market share. Fintech firms’ average growth rate was four times faster than that of traditional financial services at an average of 22 per cent in BCG’s Global Fintech Report 2026. [...]