Exclusive: Santander’s Ebury eyes £100m Lumon takeover Fintech Ebury is weighing a takeover of foreign exchange firm Lumon as it looks to accelerate its expansion ahead of an initial public offering, Morning Wire can reveal. London-based Ebury, which is majority-owned by Santander, is currently in talks with Pollen Street over a potential bid for Lumon that could value the company at north of [...]
Macquarie ups stake in Argentex founder’s fintech as it clinches licence Fintech Macquarie has built up its stake in a London-based foreign exchange fintech after the firm clinched a new permit from the City watchdog. The financial services giant has increased its holdings in Tenora to 33 per cent. It follows the fintech bagging Macquaire’s investment last summer in fundraise that valued the start-up at £15m. The [...]
Travelex hires former William Hill CEO as new boss Business Foreign exchange company Travelex has hired a former chief executive of betting giant William Hill as its new boss. Philip Bowcock has been named to the role, effective immediately, and has succeeded Richard Wazacz who has served as CEO for the last three years. Bowcock led William Hill for over three years until September 2019, [...]
CAB Payments turns to New York to revive fortunes June 4, 2025 The London fintech behind the “worst IPO of the year” in 2023 is seeking to revive its fortunes with an expansion to New York after it secured a licence to operate in the US. CAB Payments told markets on Wednesday that it has received approvals from the Federal Reserve and The New York State Department [...]
Wise: Fintech’s shares pop as swelling customer base boosts profit November 6, 2024 Wise has posted a surge in profit as the money transfer fintech benefited from a swelling customer base and made investments to reduce prices.
Currensea: Travel card fintech targets overseas growth after bumper summer October 22, 2024 Travel debit card start-up Currensea is targeting overseas markets for its next phase of growth after a rebound in holiday demand helped the fintech grow its user base by a third this summer.