UK fintech Just lands court backing to undercut bailiff industry
Currently, Just’s virtual offering is in beta.
UK
Goldman picks Marqeta to power Marcus current account rollout
Marcus plans to launch its new accounts later this year.
Fintech funding deals globally 11-17 January 2021
Featuring Checkout.com, MX, Blend, Creditas, and Enfusion.
Goldman Sachs mulls acquisitions to bulk up Marcus
Goldman’s CEO intends to make Marcus a pillar of the US bank’s growth.
Tandem quotes same “material uncertainty” as Monzo in 2019 financials
Tandem’s plan is to be profitable by July or September 2021.
Understanding the three key trends in SME banking for 2021
The pandemic has accelerated digital transformation in banks’ lending platforms.
The Cambridge Building Society migrates to Azure cloud with DPR
DPR provides its mortgages and savings platform on the cloud for the society.
UK MP says BNPL firms are “next Wonga waiting to happen”
Just 22% of the nation didn’t carry personal debt into 2021.
Starling renews search for non-bank European lender
Starling is seeing the benefits of fully utilising its UK banking licence.
Freetrade pauses trading for US stocks following technical issues
Some investors woke up to their US stocks up over 2000%.
Checkout.com valued at European record $15bn after $450m raise
Profitable since it began, Checkout is an attractive proposition for investors.
FCA warns crypto investors could “lose all their money” after Bitcoin dips again
“Operating without a registration is a criminal offence,” says the FCA.
IHS Markit acquires compliance firm Cappitech after year-long partnership
Cappitech had provided its platform for Markit’s SFTR system.
Curve lands $95m as it reveals losses have quadrupled
The fintech claims to have two million customers.
Revolut applies for UK banking licence to boost primary account numbers
Fintech unicorn seeks to transition to full bank in the UK.
UK Treasury calls for input on planned regulation of cryptoassets and stablecoins
UK’s finance ministry says “the landscape has changed” in a short time.
Lloyds & Santander among major banks struggling with online security
Lloyds and Santander also fell behind NatWest, Nationwide, Metro Bank, and Virgin Money.
FCA: Thousands of financial firms risk failing as pandemic persists
Payments and e-money firms experienced an 11% decrease in available liquidity.
UK challenger Cashplus buys icount’s current account portfolio
“I remember acquiring our first cardholder,” says icount founder.
Calls for change to LSE in bid to attract more multinational tech firms
The UK’s Investment Association (IA) is asking for the LSE to undergo a “rebranding”.
Unihomes snaps up Sheffield-based fintech Split the Bills
Unihomes, also based in Sheffield, bundles up university accomodations with bills.
UK challenger B-North raises £250,000 and signs deal with Channel 4
Channel 4 signed an advertising-for-equity deal.
Oxbury plans 2021 launch after fresh £15m injection
Challenger bank for farmers receives investment from Duke of Westminster’s estate.
Calls for UK Treasury to up contactless limit from £45 to £100
The UK no longer needs to follow the EU’s €50, or £45, contactless limit.
10x Future Technologies eyes $100m in Series C round
Its founder has hired financial advisory group, Lazard, to oversee its funding round in 2021.
FCA makes major changes following LCF and Connaught review
Firms that have not used their regulatory permissions for the last 12 months are at risk of having it revoked.
Cyberpunk 2077 makers face potential securities class action lawsuit
Cyberpunk 2077 – from lawsuits and refunds to big wins from hedge funds.
TransferWise preps for 2021 IPO
The firm has asked investment banks to pitch in the new year for roles on an impending IPO.
Mastercard makes undisclosed investment in Form3
The additional undisclosed funding follows its $33 million raised in August this year.
UK fintech GoCardless raises $95m funding
The Series F round was led by Bain Capital Ventures and brings the total raised to-date to $240m.
FCA fines Barclays £26m over poor treatment of customers in financial difficulty
Barclays did not dispute the FCA’s findings and agreed to settle the case.
London BNPL fintech Zilch latest to enter UK market with $30m
Zilch claims to be the only BNPL player to combine open banking with soft credit checks.
AnaCap announces acquisition of Novia Financial
The deal is AnaCap’s third foray into the UK investment space since 2019.
Mastercard faces UK’s largest ever £14bn class action lawsuit
“Businesses and consumers simply cannot afford to continue paying sky-high rates.”
UK CBDC researcher: We should be further along than we are
A UK CBDC won’t happen anytime soon if the Bank of England takes an iterative approach.
Financial assistant app Cleo raises $44 million
Cleo has four million Gen-Z and millennial users; and recorded a 400% revenue growth in the last year.
GoHenry latest in kid’s banking sector to land funding of $40m
Over 2019, parents on its app paid £98m in pocket money to their children.
Standard Chartered to launch crypto custodian in UK next year
The bank will, through Zodia, provide custody services for Bitcoin, and Ethereum.
Revolut hot on Starling’s heels, breaks even in November
“We’re doing much better compared to pre-Covid times,” says CEO.
Bank of England’s Islamic liquidity announcement “a huge vote of confidence”
UK’s Islamic finance sector welcomes ALF announcement from central bank.
