Monzo names new finance chief in hint at listing plans November 26, 2024 Monzo has appointed former Nubank executive Tom Oldham to be its chief financial officer as the digital challenger bank hinted at its IPO ambitions.
Trump’s election means it’s time to take Bitcoin seriously November 25, 2024 Bitcoin was once dismissed as a tulip bubble, but it’s becoming increasingly clear that – in an era of fiat money inflation – it is the best way back to sound money The incoming Trump administration has announced its intention to back a “strategic Bitcoin reserve”. That catapults what was once a fantastical thought experiment, [...]
Revolut set to take on Hargreaves Lansdown after winning trading licence November 18, 2024 Revolut is set to allow customers to buy UK-listed stocks on its platform from next year after winning a trading licence from the City watchdog. In an announcement today, Europe’s most valuable fintech said it had been authorised by the Financial Conduct Authority to allow UK customers to trade British and EU-listed stocks and exchange-traded [...]
Robinhood boss says UK’s stance on crypto trading is ‘backwards’ November 17, 2024 The billionaire chief executive of investment platform Robinhood has said UK policymakers' stance on cryptocurrency trading is "backwards" compared to regulated forms of gambling.
Former fintech ‘unicorn’ Truelayer laid off a quarter of staff in one day November 15, 2024 Former fintech ‘unicorn’ Truelayer laid off roughly a quarter of its workforce in a single day as part of an effort to slash costs and become profitable, Morning Wire can reveal. The London-based firm axed 71 roles at the end of September a week before announcing a $50m funding round that lowered its valuation, according [...]
UK set for buy-now pay-later revolution, says Clearpay’s Nick Molnar November 14, 2024 Molnar tells Morning Wire the future is limitless for the buy-now pay-later juggernaut he founded with then-neighbour Anthony Eisen in 2014.
Buy-now pay-later giant Klarna files for IPO in the US November 13, 2024 Buy-now pay-later (BNPL) giant Klarna has filed for an initial public offering (IPO) in the US, formally starting proceedings for a blockbuster stock market debut. The Swedish fintech company confidentially submitted the relevant paperwork to the Securities and Exchange Commission (SEC), it said last night. Klarna added that the number of shares to be offered [...]
Entrepreneurs are the ‘real heroes’ and AI is already here, says Xero’s UK managing director November 12, 2024 Alexander Von Schirmeister is not just the UK managing director of Xero, a New Zealand-based online accounting software for small businesses, he is also one of the most well-travelled people one could meet. Alex – he said he prefers to be called – grew up culturally rich. The managing director was raised in Mexico by [...]
Revolut facing potential legal action in battle with crowdfunding platform November 11, 2024 Revolut is facing potential legal action from a crowdfunding platform after a years-long battle over the sale of its shares by early investors, Morning Wire can reveal.
Iwoca: Fintech lender secures £200m debt to support larger SMEs November 11, 2024 Small business lender Iwoca has secured £200m of debt funding as the fintech looks to grow its market share through bigger loans.