Moneycorp plots complete withdrawal from retail as fintech giant shifts focus to payments and banking April 5, 2022 Fintech giant Moneycorp plans to exit from its last remaining retail branches at Gatwick Airport. “Today’s announcement marks an end to the group’s retail franchise and an important step in its evolution from a UK foreign exchange business to a global payments and banking services provider,” the company said in a statement sent to City [...]
Tech firms lead business growth across Britain as one in four of all high-growth companies are startups March 22, 2022 Of the 175 fastest-growing UK companies – firms that have been able to grow their revenue 20 per cent or more, around a quarter (44) companies are technology companies, according to new research shared with Morning Wire today. A significant number of these are fintechs. This includes payments giant Wise, which has managed to grow [...]
Branding and product partnerships push football clubs into the fintech arena, and vice versa March 10, 2022 The fintech industry has never been fiercer. Funding levels have reached astronomical levels, as new ideas percolate throughout the financial ecosystem, meaning more and more fintechs are becoming experts and pioneers in a very specific aspect of the financial landscape. By adopting a collaborative as opposed to a competitive mindset, firms are given a platform [...]
Britain and Ukraine are tied together by our independent tech industries March 1, 2022 AS RUSSIA launched an illegal war of aggression in eastern Europe, Ukraine may still feel quite far away from the UK, even though it is in Europe. Cities like Mariupol and Kharkiv are foreign to most Britons. Crimea is best known to most from a 200 year old poem. When Vladimir Putin talks of Ukraine [...]
Influx of foreigners: Rapid rise in hiring and relocating overseas talent to the UK due to severe shortage of job candidates February 23, 2022 A severe shortage of job candidates in the UK is fuelling a rapid rise in the number of British employers seeking out international talent to fill their vacancies and offering them more support in their move to a new country and city. Relocation platform PerchPeek told Morning Wire this morning that it has seen a 327 per cent [...]
Exclusive: Railsbank CEO on finance’s ‘iTunes moment’, ripping up the rule book and the might of Amazon February 7, 2022 British fintech Railsbank is eyeing up ‘unicorn’ status as it looks to raise $100m funding which would value the firm at over $1bn. It follows a $70m funding injection last year from backers including Anthos Capital and Outrun Ventures, which bosses had suggested had left the firm with a valuation of close to $1bn. Time [...]
3 brilliant companies that are hiring in London at the moment February 1, 2022 As we emerge from the last few years of lockdowns and restrictions, things are really starting to look positive. The world is somewhat returning to normal (FINALLY), and we couldn’t be happier. One sure fire way to spot that things are getting better is the fact that so many amazing companies are hiring all over [...]
Exclusive: Half of all UK bosses plan to hire new tech staff this year January 31, 2022 Digital transformation is a key focus for UK businesses in the coming months. While costs have been a deterrent to innovation over the past year for many firms, the majority are looking to funnel investment into new technology projects in 2022. Nearly half of those polled admit that the cost of development has impeded their firm [...]
UK tech special: The rocky but unstoppable rise in startup valuations January 30, 2022 The accelerated growth of startup valuations has sparked debate around the world, particularly in the markets where this has been reflected in the most significant raises and the speediest unicorns. Despite ongoing pandemic uncertainty, a quarter of the UK’s 116 unicorn tech companies became unicorns during 2021. Investment climbed significantly, up to £26bn in 2021 [...]
Long fraud trial looms for tech tycoon Mike Lynch as Priti Patel approves extradition to US January 29, 2022 The extradition of British technology tycoon Mike Lynch to the United States to answer criminal fraud charges has been approved by Home Secretary Priti Patel. “On January 28, following consideration by the courts, the extradition of Dr Michael Lynch to the US was ordered,” a Home Office spokesperson said last night. “Under the Extradition Act [...]