Revolut becomes UK’s highest valued FinTech after close of $800m Series E
Revolut has become the UK’s highest valued FinTech, after its $800m Series E puts its valuation at a colossal $33bn.
City of London struggling to entice financial workers back to the office
The CEO of insurance and investment specialist Legal & General has said the City is struggling more than other UK regions to bring workers back to their offices.
Gen Z and Millennial spending share to grow 48% by 2030, Afterpay report finds
A quarterly report by the buy now, pay later (BNPL) business Afterpay has estimated that spending share by Millennials and Gen Z will grow to almost 50% by 2030.
pingNpay eyes 2022 launch for global retail micropayments network
pingNpay, a global micropayment network supported by blockchain technology, has revealed it intends to make its network operational by 2022.
Modern Treasury passes $2bn valuation following Altimeter-led Series C
Payments operation software platform Modern Treasury has raised $85m in a Series C funding round led by Altimeter Capital.
How can artificial intelligence transform the banking sector?
A report from banking platform Mambu and Google Cloud has claimed AI will ‘reshape the world of banking as we know it’ and deliver more personalised experiences.
Credit Suisse backs FinTech Kafene in $75m financing haul
FinTech company Kafene has scored $75m in debt and equity funding as it looks to scale its market footprint across the US.
Investment platform Koia snares $1.4m pre-seed funding
Alternative investment app Koia has raised $1.4m from a pre-seed funding round led by Seedcamp.
HSBC acquires AXA Singapore in $529m deal
HSBC Insurance has completed the acquisition of 100% of the issued share capital of AXA Insurance in Singapore, for $529m.
Klarna launches dedicated open banking unit
Global retail bank, payments and shopping service Klarna, has launched Klarna Kosma, a sub-brand and business unit to harness the growth of its open banking platform.
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