Monzo: Fintech unicorn tops £1bn in revenue on road to landmark IPO June 2, 2025 UK fintech giant Monzo reported its second consecutive year of profitability on Monday after the neobank’s revenue climbed above £1bn for the first time. The firm’s revenue increased 48 per cent to £1.2bn as it reported huge expansion across business arms amid rising expectations for a London flotation in the coming months. Customer deposits jumped [...]
UK fintech: Can Britain’s booming sector conquer Europe and the US? June 1, 2025 UK fintechs have transformed the British banking landscape – and firms are fixing their eyes on international endeavours. Top names ballooned profits and customers bases over the last year whilst picking up a fleet of accolades. London-based Allica Bank was dubbed the UK’s fastest growing private company by The Times Hundred and Europe’s fastest growing start-up by Sifted. [...]
Starling Bank: The rise and fall of a fintech darling May 30, 2025 Over a decade ago three fintechs entered the banking scene and set their sights on reshaping its landscape. Starling, Monzo and Revolut rapidly expanded as they leveraged modern tech to streamline banking operations, enhance consumer experience and disrupt traditional financial models. The trio of fintech darlings ballooned customer bases in record numbers. But as two [...]
A third of UK fintechs put customers data at risk of cyber attack May 29, 2025 UK fintechs are putting thousands of customers in jeopardy by leaving themselves vulnerable to a cyber attack, shocking new research reveals. Nearly 800 firms’ digital presence was analysed by the ethical hacking platform Ethiack as it scrutinised their cybersecurity. Four in ten fintechs were found to be giving hackers a “powerful headstart” by revealing software [...]
Fintech hiring to boom after cyber attack carnage May 27, 2025 UK fintech is set for another shot of momentum after a series of cyber attacks on top retailers exposed a need for greater security expansion. Hiring in the industry is projected to increase 32 per cent in 2025 as risk and compliance becomes crucial amid surges in financial crime. Marks and Spencer suffered a near-£700m [...]
iForex confirms London listing plans and adds City veteran to board May 19, 2025 Fintech trading platform iForex confirmed its plans for a London-lisiting on Monday morning in a major boost to the embattled market. The fintech said following an initial public offering (IPO) its shares will be traded on the main market of the London Stock Exchange. Its admission is expected in late June 2025. The firm – [...]
Treasury meets Monzo and Revolut bosses amid plea for London listings May 13, 2025 The Treasury courted top UK fintech names including Monzo and Revolut on Tuesday in hopes of convincing the country’s most valuable unicorns into listing on the London Stock Exchange. Emma Reynolds, economic secretary to the Treasury, met with bosses from Monzo, Revolut, Clearscore and Oaknorth. Chief executive of the London Stock Exchange Dame Julia Hoggett [...]
Zilch: UK’s fastest-growing fintech unicorn balloons customer base May 12, 2025 UK fintech darling Zilch has revealed it has topped five million customers and exceeded £4bn in total sales to date for retailers. The firm, which uses buy now pay later (BNPL) services to split consumer purchases, has also confirmed its revenue hit £145m in revenue run rate on the back of its rapid rise since [...]
Monzo brings in bankers to advise on £6bn float May 10, 2025 Monzo is close to hiring investment bankers to spearhead a blockbuster public listing valued at more than £6bn. The digital challenger bank is working with the Wall Street bank Morgan Stanley on a series of meetings with would-be investors ahead of an IPO that could take place early next year, according to Sky News. Sources [...]
Revolut, Monzo and Wise: The UK fintechs slapped with the most complaints May 9, 2025 Fintechs may be giving banks a run for their money on innovation, but fresh data reveals they’re also competing on the unenviable field of complaints. New figures from the Financial Ombudsman Service (FOS) showed Monzo and Revolut topped the fintech industry for the most complaints. Both firms’ customer bases swelled to over 10m users in [...]