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Latest Results from /startups

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UK fintech investment down 34% in 2023

Total UK fintech investment dropped to $12.3 billion in 2023, down 34% from $18.7 billion in 2022, according to KPMG’s Pulse of Fintech, a bi-annual report on fintech investment trends

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CommerzVentures leads €25 million Series B in Tuum

CommerzVentures has led a €25 million Series B financing round in Estonian core banking provider Tuum.

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Circular economy fintech Twig shuts down

Twig, a London-based 'circular economy' fintech is closing down after failing to raise funding.

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TSB to shutter branches and cut jobs in cost saving exercise

In response to news reported by Sky, TSB have provided comment to Finextra after Sabadell CEO Cesar Gonzalez-Bueno was questioned about a £29 million provision set aside for restructuring within the UK bank.

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Bank of England governor Andrew Bailey embraces AI - BBC

Governor Andrew Bailey confirms House of Lords' view that the AI technology should be seen as a positive, rather than a risk to business.

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Another one bites the dust: Kikapay goes under

Kikapay, an early startup in the UK's open banking scene, has become the latest fintech to fall victim to changing economic conditions.

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Super app startup Paysme shuts up shop

Paysme, a fintech startup aiming to build a financial super app for small businesses in the UK, is winding down.

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Ramp expands procurement capabilities with Venue acquisition

Finance automation platform Ramp has expanded its procurement capabilities through the acquisition of Sequoia-backed startup Venue. Financial terms were not disclosed.

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PayPal uses stablecoin to invest in Mesh

PayPal has used its own stablecoin to invest around $5 million in Mesh, an embedded finance startup for crypto payments.

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Financial Cloud Summit 2024 sneak peek: Finextra’s Niamh Curran

As we’re heading towards the second annual Financial Cloud Summit on March 7th, 2024 at King’s Place in London, Finextra is interviewing industry experts who will be attending and speaking at this year’s conference.

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UK fintech capital investment in 2024: far from 'rock bottom'

Innovate Finance held an event this week to launch their ‘Capital Investment in UK FinTech in 2023: Insights and Trends’ report, ahead of their Global Summit in London in April.

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US regional banks join $18.7 million round in ModernFi

US regional banks, Huntington National, First Horizon, and Regions, have joined an $18.7 million Series A round in deposit network ModernFi.