Nikolay Storonsky, founder and CEO of Revolut. Harry Murphy | Sportsfile for Web Summit via Getty Images LONDON — The chief executive of British financial technology giant Revolut told CNBC he is optimistic about the company’s chances of getting a British banking license, as the company reported record pre-tax profits for the year thanks to … Read more
Launched in 2018 by crypto company Circle, USDC is now the world’s second-largest stablecoin, with over $30 billion worth of tokens in circulation. Nurphoto | Getty Images Cryptocurrency firm Circle reported Monday that it has now registered as an electronic money institution (EMI) in France, a key license for the company to become a compliant … Read more
Launched in 2018 by crypto company Circle, USDC is now the world’s second-largest stablecoin, with over $30 billion worth of tokens in circulation. Nurphoto | Getty Images Cryptocurrency firm Circle reported Monday that it has now registered as an electronic money institution (EMI) in France, a key license for the company to become a compliant … Read more
LONDON — British fintech company Zilch said Wednesday it has raised $125 million in debt financing from German banking giant Deutsche Bank in a deal that will help the company triple revenue in coming years and move closer to an initial public offering. The company, which offers shoppers the ability to purchase items and pay … Read more
Monday, June 17, 2024 5:01 am Part Facebook Share on Facebook X Share on Twitter LinkedIn Share on LinkedIn WhatsApp Share on WhatsApp E-mail Share via email The figures come as companies eye a rebound in fintech funding after valuations largely peaked in 2021. London is driving a surge in UK fintech recruitment this year, … Read more
Saturday June 8, 2024 9:00 am Part Facebook Share on Facebook X Share on Twitter LinkedIn Share on LinkedIn WhatsApp Share on WhatsApp E-mail Share via email Bankers are paying close attention to Starling’s recently launched software-as-a-service unit, Engine. Britain’s big banks are entering new areas of the fintech space as they look to keep … Read more
Welcome to Startups Weekly — Haje’s weekly roundup of everything you can’t miss in the world of startups. To register here to receive it in your inbox every Friday. In a twist that will shock absolutely no one and pyromaniacs who love to see money burn, Elon Musk’s latest venture, xAI, has secured a fortuitous … Read more
Revolut, Britain’s most valuable fintech, is lining up Morgan Stanley to coordinate a sale of up to £400 million worth of shares in the company, Sky News understands. By means of Mark Kleinman, city editor @MarkKleinmanSky Saturday May 18, 2024 12:19 PM, UK Bosses at Revolut, Britain’s biggest fintech, are drawing up plans to allow … Read more