Exclusive: FCA not ‘selling out’ on premium listings, which could spur biotech sector, argues City lawyer May 31, 2022 The FCA’s proposed reforms to the UK’s listing regime, published last week, could help spur the biotech and technology sectors, a senior City lawyer has told Morning Wire In the plans, the FCA has outlined how it plans to make the rules companies must follow in order to be allowed to list their shares in the [...]
Exclusive: London is the Silicon Valley of Europe, but ‘can not afford to sit on its tech laurels’ May 30, 2022 Forbes heralded London recently as the Silicon Valley of Europe as the capital proved to be “Brexit-proof” with around 18,500 new startups registering in 2021 alone. Although hybrid working has been adopted by many companies, London remains a place where giants such as Google, with its King’s Cross ‘landscraper’, nestle with newer companies such as fintech boomer Revolut, [...]
Ex-banker turned GoCardless president Paul Stoddart talks fintech, Brexit, pandemic recovery and Russia May 28, 2022 At the start of this month, Paul Stoddart jumped ship to become the president of the newly-minted fintech unicorn GoCardless. Stoddart, who describes himself as a “banker by trade,” spent years at Natwest, Barclays, and was most recently the chairman of Mastercard’s VocaLink. In an exclusive interview with Morning Wire, Stoddart said that joining GoCardless [...]
City exclusive: Cordiant Capital’s co-CEO on how to make money in the crowded world of digital infrastructure May 19, 2022 Amid an increased focus on digital infrastructure, data transfers and online storage in practically every market around the world, investment giant Cordiant Capital listed its Cordian Digital Infrastructure arm in London last year. Time for Morning Wire to catch up with Benn Mikula, co-CEO and managing partner at Cordiant Capital, to see how things are [...]
Exclusive: Tech exits surge as unicorns are ‘out’ and recurring revenue is the new valuation for venture capital May 19, 2022 European technology exit values and counts have skyrocketed in the past year, reaching $133.4 billion in value, a 400 per cent year-over-year increase, across 1,247 exits. In 2021, there were approximately 186 public listings, including names such as UiPath, Wise, GitLab, OVH, and SUSE. In addition, M&As reached an all-time high with 687 European companies being acquired. The deep pool of [...]
MarketFinance raises £100m from Deutsche Bank to support funding for SMEs May 19, 2022 Fintech platform MarketFinance announced a debt raise from Deutsche Bank which the company will use to part fund up to £100m of lending to support strong, well-managed SME businesses with their investment and working capital needs.
How to harness the power of fintech May 16, 2022 | City Talk ICAS’ latest webinar focused on ‘Fintech opportunities and the evolution of accountancy’, providing insight as part of April’s Finance + Technology series. Susanne Chishti, CEO of fintech investor network FINTECH Circle, presented the session and shared her expert knowledge on the fintech sector, explaining how CAs can harness the power of fintech solutions. When Susanne launched FINTECH [...]
FTSE 250 fintech firm Plus500 seeks to woo investors ahead of AGM May 3, 2022 Fintech giant Plus500 has told investors it has made “substantial progress” in pursuing its strategy, as it prepares for the start of its annual general meeting (AGM) later this morning. The AGM will see Plus500 investors asked to vote on 20 separate resolutions, including on plans to launch a major share buyback scheme and boost [...]
Brexit-proof: London races ahead of all European tech rivals as record 18,500 new startups flock to the capital April 28, 2022 The number of new tech companies incorporated in London jumped 94 per cent last year, it has emerged. A total of 18,549 tech businesses were incorporated in London in 2021, according to an analysis of data held by Companies House, up from 9,572 in 2020. London accounted for the highest number of incorporations in 2021, [...]
Exclusive: Fintech faces a ‘dystopian future’ as software fighting software will cause fatal disruption April 28, 2022 Fintechs are facing a ‘dystopian future’ with software fighting software threatening major disruption later this year. In the software marketplace, Software-as-a-Service (SaaS), where software is supplied online to businesses on a subscription basis, has become endemic. Now in 2022 financial criminals are taking this concept to a new level, with Fraud-as-a-Service. Fraud as a Service [...]