Tag: Fintech
-
German fintech Solaris to axe 20 per cent of 400-strong workforce, as becomes “AI-native bank"
One of Germany’s most high-profile fintechs inrecent years is cutting 20 per cent of its workforce, as it looks to become an “AI-nativebank”, marking the latest restructure at Solaris. Solaris,which offers white-label banking services and is known as a BaaS (Banking-as-a-Service) provider, is axing around 80 roles across its approximately 400-strong workforce, as it undertakes read more
Written by
-
Estonia leads Europe in fintech growth as Wallester becomes the sector’s fastest-growing company
The Financial Times and Statista have unveiled the 10th edition of the FT1000: Europe’s Fastest Growing Companies, confirming Estonia’s position as a powerhouse for financial innovation. Leading the national charge for the second consecutive year is Tallinn-based fintech Wallester, which has surged into the Top 40 of the overall European ranking. Securing the 38th position read more
Written by
-
Allica Bank to become UK’s latest fintech unicorn, following $155M funding round, according to report
UK challenger business bank Allica Bank is to become the latest UK fintech unicorn, following a$155m (£111m) Series D funding round, according to a report. Allica is expected to announce tomorrow that its new valuation will hit$1.2bn (£890m), following the Series D round, Sky News says. It will mean that Allica will join the likes read more
Written by
-
London fintech Tangible raises $4.3M in seed funding
A London-based fintech which helps companies access and manage debt finance has raised $4.3m in a seed funding round. The funding round inTangible was led by Pale Blue Dot with participation from MMC, Future Positive Capital, Unruly, SDAC, Prototype Capital, and Aperture. It follows a £4m ($5.45m) funding round Tangible carried out last year. Tangible read more
Written by
-
Three-quarters of UK fintech founders use AI to speed up recruitment, says survey
Three-quarters of UK fintech founders are using AI to identify candidates and speed up recruitment, says a new survey. But findings from the survey also showthat human judgement remains critical to ensure founders are finding the right talent and mix of individuals to recruit. The survey gauged the opinions of early-stage fintechfounders, with 45 founders read more
Written by
-
Barclays invests in fintech group United Fintech
Barclays is investing in United Fintech, joining four other big banks, which have invested in the fintech group. Barclays is joiningCiti,Danske Bank, BNP Paribas and Standard Chartered which have invested in United Fintech. London-headquartered United Fintech, founded in 2020,acquires and scales fintechs across commercial banking and capital markets, as it looks to serve the needs read more
Written by
-
BKN301 expands Series B and acquires UK fintech Planky to advance AI-first banking
Fintech has secured a credit facility and acquired Planky, a UK-based tech company specialised in AI-driven financial analytics and open banking. The credit facility accompanies its latest Series B round, bringing the total raised to £29 million. The BKN301 Group is a fintech architecture provider that supports banks and fintech companies. Its cloud-native, proprietary suite read more
Written by
-
Down 58%, This Fast-Growing Fintech Stock Could Be a Brilliant Buy Right Now
Rising credit risk has weighed on fintech stocks like Upstart. The business has demonstrated a number of improvements this year, even as the stock has pulled back. Its AI model appears to be adapting to changes in the credit environment. 10 stocks we like better than Upstart › In many ways, Upstart Holdings (NASDAQ: UPST) read more
Written by
