New banking service Dion.Money plans August launch in the UK
Fledgling challenger to run paid-for accounts and offer “personalised” service.
UK
Duco secures Nordic Capital investment to fuel expansion plans
The private equity firm will acquire a majority shareholding in the company.
UK-listed fintech investor Augmentum raises £55m in latest funding round
The company’s third funding round since its 2018 listing exceeded its original £40m target.
Revolut hits $33bn valuation with $800m Series E investment
The round was led by SoftBank’s Vision Fund 2 and Tiger Global.
Railsbank lands $70m investment to drive global expansion
The round follows a $37 million fundraise in November last year.
Record £180m worth of crypto seized by Met Police in money laundering probe
The operation follows the seizure of £114 million worth of crypto in June.
RVU snaps up online mortgage broker Mojo
RVU also owns Uswitch, Confused.com and Money.co.uk.
UK fintech sector enjoys record-breaking year for investments
H1 2021 saw $5.7bn raised across 317 deals by UK firms.
Better acquires UK digital mortgage broker Trussle
The deal represents Better’s first entry into the UK mortgage market.
Quantexa raises $153m in Series D funding round
The firm plans to accelerate its expansion and boost product development.
Moneyhub secures $18m investment to fuel expansion
Direct Line founder Sir Peter Wood led the round through investment vehicle SPWOne.
Swishfund swaps out back office tech for Five Degrees’ neo
Dutch lender chose from a range of cloud-based providers.
Clearco raises $215m in Series C round led by SoftBank’s Vision Fund 2
Firm wants to boost its “founder-friendly” financing suite.
FCA levies £90m penalty against Lloyds Bank General Insurance for misleading comms
Insurer offered “competitive pricing” the FCA found to be false.
FinTech Futures Jobs: Three great roles open in the UK right now
Exciting vacancies at Grant Thornton, Deloitte and Finastra. Apply today!
Wise finalises record-breaking £8.75bn direct listing
Cross-border payments company debuts on the LSE in largest-ever listing for a tech firm.
RationalFX selects TruNarrative to boost ID verification
The firm aims to reduce its onboarding time to “less than 5 minutes”.
Pleo lands $150m Series C funding round
The firm says the investment brings its valuation to around $1.7 billion.
Tesco Bank appoints Gary Duggan as CEO for underwriting business
Duggan to join Tesco Underwriting in July, and stay for 12 months.
Moneycorp announces new head of payment solutions
Francesco Giovanni Ghizzardi previously held senior roles at Ebury and Cambridge Global Payments.
Rapyd to acquire Valitor in $100m deal
The payments fintech is looking to expand its reach across Europe.
Ethos Invest launches ambitious Shariah-compliant private equity fund
The Financial Services & Technologies Fund has a target of £1 billion.
Codat raises $40m in Series B funding round
The UK-based firm plans to expand its US presence and boost hiring.
FinTech Futures Jobs: Three exciting companies to keep an eye on for job opportunities
Exciting vacancies at Grant Thornton, Deloitte and BNY Mellon. Apply today!
Tribe Payments partners ClearBank to provide banking access for fintechs
The partnership will allow clients to add banking services to their payment products.
Klarna signs merchant financing partnership with Liberis
Liberis will roll out its revenue-based solution in the coming months.
Ghana International Bank selects Backbase to drive digital transformation
The Dutch fintech will act as the core strategic partner for the bank’s digital operations.
UK fintech Chippingin provides crowdfunding for kids
New collaborative payments firm claims to be the first of its kind.
NatWest sells Ulster Bank commercial lending business to AIB in €4.2bn deal
NatWest continues with its withdrawal from the Irish market.
Tide expands to India with £100m investment and RBL Bank partnership
UK business bank aims to “unleash” the potential of Indian SMEs.
Retirement platform Smart raises $165m in Series D funding
Chrysalis Investments led the round with a £75 million equity investment.
ClearScore lands $200m investment from Invus
The UK fintech is looking to accelerate its global expansion.
FinTech Futures Jobs: Three fantastic permanent jobs open in London right now
Exciting vacancies at OakNorth, BNY Mellon and Checkout.com. Apply today!
FCA research reveals 21% increase in cryptoasset ownership
The watchdog estimates that around 2.3 million adults in the UK now hold cryptoassets.
Lloyds announces 44 fresh branch closures, brings total up to 100
UK bank extends closure programme in response to customers moving online.
Dear Luc: Can my start-up succeed while working from home?
This week our writer wonders if they really need a London address, or can working from home be just as good?
Dutch fintech Mollie raises $800m in Series C round
The investment takes the company’s total valuation to $6.5 billion.
Novus partners Visa and Railsbank to launch sustainable banking app
The app will reward “conscious consumers” for sustainable purchasing choices.
Open banking – supporting businesses during a critical phase
84% of UK SMEs are frustrated with their current banking experience.
Standard Chartered appoints Roel Louwhoff as new technology exec
The former ING exec will begin his new role in November 2021.
