Coventry Building Society and Co-op Bank agree terms over potential £780m acquisition deal
The proposed merger will create a combined group boasting a balance sheet of around £89 billion.
The proposed merger will create a combined group boasting a balance sheet of around £89 billion.
The fintech plans to launch a credit-builder card, loans and an AI-powered financial advice coach this year.
The building society is to leverage its Mambu core to build new mortgage and savings products.
The New Zealand-based firm is currently listed on the Catalist stock exchange with a value of around $5.4 million.
UK Finance says the experimentation phase of its Regulated Liability Network will run until summer 2024.
The initiative aims to arm the fintech sector with the resources and expertise to help build a more inclusive industry.
Zopa says revenues climbed 29.7% “despite the challenging macroeconomic environment”.
IFGS 2024 is taking place in London this week, with fintech regulation and innovation high on the agenda.
The industry-led taskforce will aim to “unlock the full potential of open finance”.
As part of the deal, Algbra has also partnered with SC Venture’s climate-focused savings platform, Shoal.
The platform is set to strengthen the building society’s talent acquisition efforts.
Vickers succeeds the firm’s co-founder Vincent Choi, who will join Pomelo’s strategic advisory board.
A handy round-up of the recent funding endeavours of fintech companies across the globe.
The partnership will be focused on “bringing together digital payments and loyalty for M&S customers”.
The acquisition is expected to close by the third quarter of 2024.
The UK-based challenger will make its Mexican debut with money transfer services.
The CLI platform has gained a new CFO, COO, CRO and VP of product in two months.
The bank says its latest offering will be launched fully “in the coming weeks”.
The deal is expected to be finalised within the next 12 months.
TerraPay says it will leverage the licence to “strengthen existing and new partnerships” in the APAC region.
Hokodo says the financing will enable it to facilitate over €1.5 billion in B2B transactions over the next two years.
CAB Payments Europe has been granted a PSP licence from De Nederlandsche Bank (DNB).
A handy round-up of the recent funding endeavours of fintech companies across the globe.
The London-based fintech says it is now gearing up for an EU-wide launch “later this year”.
Responses to the consultation are being accepted until 29 May, ahead of applications for the DSS opening this summer.
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Vilja is entering the UK market via a partnership with local mortgage origination platform, Mast.
The companies have until now operated as three separate divisions led by CEO Jerry Young, who is set to retire.
Acworth’s appointment follows Encompass’ recent acquisitions of CoorpID and Blacksmith KYC.
Schmidt will be responsible for leading Tide’s recently announced expansion into the German market.
Due to impact 12% of its total workforce, the proposed job cuts will take effect from 7 May.
Founded in 2020, Novus is the UK’s first B-Corp certified digital bank.
Kennedy has previously held leadership positions at Lloyds, Barclays, Shawbrook Bank and Masthaven Bank.
Fintel has a two-year option to purchase the remaining 30% stake in ifaDASH for an agreed multiple of EBITDA.
GSS says the new funding coincides with its “transition from the development phase to the operational phase”.
Over £1bn of investment has been facilitated to businesses since the launch of the first NPIF in 2017.
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Volopa is currently applying for a UK EMI licence, which it expects to be granted this year.
The latest funding will help drive the Manchester-based firm’s expansion into the US.
Equals Group has confirmed it received an “indicative non-binding proposal” about a potential deal.