Will fintech banks survive falling interest rates? June 13, 2025 Fintech lenders have accelerated their swing to profitability after interest rates spiked. The UK’s neobanks pocketed record revenues in the last 12 months. Revolut’s takings grew 72 per cent topping £3.1bn. Meanwhile Monzo’s revenue hit £1bn for the first time. But this came as interest rates maintained a post-financial crisis high of 5.25 per cent [...]
Revolut, Allica, Zopa: Analysts back ‘enduring value’ of UK fintech May 13, 2025 UK fintech received a wealth of praise from Peel Hunt analysts in a fresh sector note following a year of rapid growth for the industry. Fintech firms booked record profits in 2024 and have transitioned from disrupting the banking climate to direct competition with traditional lenders. Revolut topped 52.5 million customers in 2024, surpassing Europe’s [...]
Zilch: UK’s fastest-growing fintech unicorn balloons customer base May 12, 2025 UK fintech darling Zilch has revealed it has topped five million customers and exceeded £4bn in total sales to date for retailers. The firm, which uses buy now pay later (BNPL) services to split consumer purchases, has also confirmed its revenue hit £145m in revenue run rate on the back of its rapid rise since [...]
Britain’s SMEs must get over their aversion to debt to ramp up growth May 8, 2025 Britain's small businesses can power growth, but only with a rebooted SME finance market, writes Allica Bank CEO Richard Davies.
Revealed: The 2025 CityAM Awards Winners May 7, 2025 The winners of the 2025 CityAM Awards were unveiled at a glittering ceremony in the heart of the Square Mile last night in front of 500 guests. The gongs were handed out on stage in the Guildhall, following a speech from former Bank of England Chief Economist Andy Haldane. CityAM Editor-in-Chief, Christian May, [...]
Rachel Reeves has promised UK fintech the world – now she must deliver May 4, 2025 Judgement day looms for Rachel Reeves, and UK fintech will be handing her the verdict. In a keynote speech at Innovate Finance’s 11th global summit, the Chancellor confirmed the Treasury’s inaugural Financial Services Growth and Competitiveness Strategy would be published on 15 July. Reeves has lauded the industry’s growth and touted the achievements of fintech [...]
Clearbank, Allica, Atom: The fast-growing future of UK fintech April 19, 2025 Fintech has planted its flag firmly in the Square Mile. Industry giants Monzo and Starling have become household names, helping London to established itself as a leading global fintech hub. KPMG’s bi-annual fintech report showed UK fintech investment was at £7.9bn last year. And now young firms are growing faster than ever, promising to send a [...]
The UK’s fastest growing fintech Allica Bank delivers another record year April 16, 2025 Allica Bank, the UK’s fastest growing fintch, nearly doubled its profit in the last year after another period of rapid growth. The digital bank, which caters towards small and medium-sized enterprises (SMEs), increased pre-tax profits 86 per cent to £29.9m. Lending activity grew over £1bn in 2024 and revenue shot up 68 per cent to [...]
UK fintech stars warn capital gains tax hike could force them to relocate October 16, 2024 Prominent UK fintech founders have warned the new government that hiking capital gains tax risks forcing them out of the country, with nearly half already mulling relocation.
The Ambition A.M. Accelerator: How are fintechs changing the entrepreneurship space? August 23, 2024 The Ambition A.M. Accelerator programme is a chance for founders and budding entrepreneurs alike to discuss important themes and topics each month while also having a chance to meet and learn from prominent figures in the community.