FTSE 100 Live: Stocks to slump despite US claims of ‘good foundations’ for Iran deal; Tech-sell off hits Asia
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 [...]
Shawbrook eyes £5bn Starling merger instead of IPO April 24, 2025 Shawbrook Group is weighing up a £5bn merger with fintech giant Starling, in a move that would be emblematic of a tougher outlook on stock market listings. The mid-cap lender has reached out to Starling in the last two months to initiate talks on a potential deal, as reported by Sky News. The proposal remains [...]
Zopa Bank: UK fintech doubles profit amid IPO speculation April 24, 2025 Digital bank Zopa doubled its pre-tax profit in its second full year of profitability as the London fintech continued its upward trajectory ahead of a possible IPO. The Canary Wharf-based business pocketed £34.2m in the 2024 financial year, up from £16.8m in 2023. Revenue grew 30.2 per cent to £303.4m. This was driven by an [...]
Zopa Bank hunts for fintech acquisitions after £68m fundraise December 6, 2024 Zopa Bank is on the hunt for acquisitions as the digital lender looks to step up its challenge to the likes of Revolut, Monzo and Starling ahead of a potential float on the London Stock Exchange. The London-based fintech, which launched as a fully licenced bank in 2020, said on Friday it had raised €82m [...]